Reviewing IREN (IREN) & Its Rivals

IREN (NASDAQ:IREN) is one of 958 publicly-traded companies in the “Software” industry, but how does it weigh in compared to its rivals? We will compare IREN to similar companies based on the strength of its profitability, earnings, valuation, dividends, institutional ownership, risk and analyst recommendations.

Analyst Ratings

This is a summary of recent ratings and recommmendations for IREN and its rivals, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
IREN	2	3	15	1	2.71
IREN Competitors	5503	21138	44135	1453	2.58

IREN currently has a consensus target price of $81.57, indicating a potential upside of 86.11%. As a group, “Software” companies have a potential upside of 289.57%. Given IREN’s rivals higher possible upside, analysts plainly believe IREN has less favorable growth aspects than its rivals.

Volatility and Risk

IREN has a beta of 4.28, meaning that its share price is 328% more volatile than the S&P 500. Comparatively, IREN’s rivals have a beta of 1.19, meaning that their average share price is 19% more volatile than the S&P 500.

Earnings and Valuation

This table compares IREN and its rivals top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
IREN	$707.01 million	-$702.62 million	-18.73
IREN Competitors	$1.83 billion	$388.38 million	102.49

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.

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	-629.81%	30.36%	-8.98%

Insider & Institutional Ownership

41.1% of IREN shares are owned by institutional investors. Comparatively, 42.1% of shares of all “Software” companies are owned by institutional investors. 5.0% of IREN shares are owned by insiders. Comparatively, 19.8% of shares of all “Software” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Summary

IREN rivals beat IREN on 7 of the 13 factors compared.

IREN Company Profile

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.