IREN (IREN) versus The Competition Head to Head Survey

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

Volatility & 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.

Analyst Ratings

This is a summary of current ratings and target prices for IREN and its rivals, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
IREN	1	3	16	1	2.81
IREN Competitors	5511	21143	44145	1453	2.57

IREN currently has a consensus price target of $82.93, indicating a potential upside of 92.22%. As a group, “Software” companies have a potential upside of 282.85%. Given IREN’s rivals higher possible upside, analysts clearly believe IREN has less favorable growth aspects than its rivals.

Institutional and Insider Ownership

41.1% of IREN shares are held by institutional investors. Comparatively, 42.3% of shares of all “Software” companies are held by institutional investors. 5.0% of IREN shares are held by insiders. Comparatively, 19.7% of shares of all “Software” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds 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	-628.49%	26.25%	-9.06%

Valuation & Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
IREN	$707.01 million	-$702.62 million	-18.44
IREN Competitors	$1.80 billion	$387.49 million	104.58

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.

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.