Reviewing IREN (IREN) & Its Peers

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

Analyst Recommendations

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

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
IREN	2	4	14	1	2.67
IREN Competitors	5251	20748	43281	1414	2.58

IREN presently has a consensus price target of $82.71, indicating a potential upside of 100.62%. As a group, “Software” companies have a potential upside of 274.69%. Given IREN’s competitors higher possible upside, analysts clearly believe IREN has less favorable growth aspects than its competitors.

Valuation and Earnings

This table compares IREN and its competitors gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
IREN	$501.02 million	$86.94 million	85.90
IREN Competitors	$1.82 billion	$387.96 million	74.35

IREN’s competitors have higher revenue and earnings than IREN. IREN is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Volatility & Risk

IREN has a beta of 4.29, suggesting that its stock price is 329% more volatile than the S&P 500. Comparatively, IREN’s competitors have a beta of 1.16, suggesting that their average stock price is 16% more volatile than the S&P 500.

Insider & Institutional Ownership

41.1% of IREN shares are owned by institutional investors. Comparatively, 42.4% of shares of all “Software” companies are owned by institutional investors. 5.0% of IREN shares are owned by insiders. Comparatively, 20.1% 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 stock is poised for long-term growth.

Profitability

This table compares IREN and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
IREN	20.90%	-13.13%	-6.03%
IREN Competitors	-624.09%	40.37%	-7.95%

Summary

IREN beats its competitors 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.