IREN (NASDAQ:IREN – Get Free Report) is one of 959 public companies in the “Software” industry, but how does it contrast to its rivals? We will compare IREN to related companies based on the strength of its risk, dividends, earnings, valuation, institutional ownership, analyst recommendations and profitability.
Analyst Ratings
This is a summary of recent ratings and price targets for IREN and its rivals, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| IREN | 2 | 3 | 15 | 1 | 2.71 |
| IREN Competitors | 5466 | 21046 | 43982 | 1444 | 2.58 |
IREN currently has a consensus price target of $81.57, indicating a potential upside of 105.99%. As a group, “Software” companies have a potential upside of 272.14%. Given IREN’s rivals higher possible upside, analysts clearly believe IREN has less favorable growth aspects than its rivals.
Valuation & Earnings
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| IREN | $707.01 million | -$702.62 million | -16.92 |
| IREN Competitors | $1.81 billion | $388.29 million | 98.76 |
IREN’s rivals have higher revenue and earnings than IREN. IREN is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
Institutional and Insider Ownership
41.1% of IREN shares are owned by institutional investors. Comparatively, 42.3% of shares of all “Software” companies are owned by institutional investors. 5.0% of IREN shares are owned by company insiders. Comparatively, 19.8% of shares of all “Software” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Profitability
This table compares IREN and its rivals’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| IREN | -99.38% | -15.46% | -5.51% |
| IREN Competitors | -630.98% | 30.65% | -8.96% |
Volatility & Risk
IREN has a beta of 4.28, suggesting that its stock price is 328% more volatile than the S&P 500. Comparatively, IREN’s rivals have a beta of 1.19, suggesting that their average stock price is 19% more volatile than the S&P 500.
Summary
IREN rivals beat IREN on 7 of the 13 factors compared.
About IREN
IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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