Reviewing IREN (IREN) and Its Rivals

IREN (NASDAQ:IREN) is one of 959 public companies in the “Software” industry, but how does it weigh in compared to its competitors? We will compare IREN to related companies based on the strength of its institutional ownership, earnings, analyst recommendations, risk, valuation, dividends and profitability.

Insider & Institutional Ownership

41.1% of IREN shares are held by institutional investors. Comparatively, 41.5% of shares of all “Software” companies are held by institutional investors. 6.8% of IREN shares are held by company insiders. Comparatively, 19.9% of shares of all “Software” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Earnings & Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
IREN	$707.01 million	-$702.62 million	-4.77
IREN Competitors	$1.79 billion	$383.46 million	112.21

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

Volatility & Risk

IREN has a beta of 4.33, suggesting that its stock price is 333% more volatile than the S&P 500. Comparatively, IREN’s competitors have a beta of 1.35, suggesting that their average stock price is 35% more volatile than the S&P 500.

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	-194.36%	-16.36%	-4.67%
IREN Competitors	-599.60%	26.31%	-8.93%

Analyst Recommendations

This is a breakdown of current ratings and recommmendations for IREN and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
IREN	1	5	15	1	2.73
IREN Competitors	5835	21614	45009	1500	2.57

IREN presently has a consensus price target of $64.57, indicating a potential upside of 231.48%. As a group, “Software” companies have a potential upside of 27.82%. Given IREN’s stronger consensus rating and higher probable upside, equities analysts clearly believe IREN is more favorable than its competitors.

Summary

IREN beats its competitors on 7 of the 13 factors compared.

IREN Company Profile

IREN Limited, formerly known as Iris Energy, develops and operates data centers for bitcoin mining and artificial intelligence cloud services. Its AI business provides access to high-performance computing infrastructure, including GPU-based services, for customers with demanding computing needs. Founded in Australia in 2018 by brothers Daniel and Will Roberts, the company has expanded its data-center operations into North America, including locations in British Columbia, Canada, and Texas. IREN has emphasized developing facilities with access to renewable energy.