In last trading session, Iris Energy Limited (NASDAQ:IREN) saw 0.33 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.68 trading at $0.15 or 9.80% at ring of the bell on the day assigns it a market valuation of $94.85M. That closing price of IREN’s stock is at a discount of -1328.57% from its 52-week high price of $24.00 and is indicating a premium of 16.67% from its 52-week low price of $1.40. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.51 million shares which gives us an average trading volume of 279.39K if we extend that period to 3-months.
Iris Energy Limited (NASDAQ:IREN) trade information
Upright in the green during last session for gaining 9.80%, in the last five days IREN remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $1.68 price level, adding 23.64% to its value on the day. Iris Energy Limited’s shares saw a change of -89.61% in year-to-date performance and have moved -23.64% in past 5-day. Iris Energy Limited (NASDAQ:IREN) showed a performance of -50.44% in past 30-days. Number of shares sold short was 0.59 million shares which calculate 3.06 days to cover the short interests.
Iris Energy Limited (IREN) estimates and forecasts
Statistics highlight that Iris Energy Limited is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -68.42% of value to its shares in past 6 months, showing an annual growth rate of 98.73% while that of industry is -4.80. Apart from that, the company came raising its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 118.10% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $16.81 million for the same. And 7 analysts are in estimates of company making revenue of $31.33 million in the next quarter that will end on Dec 2022.
Iris Energy Limited is more likely to be releasing its next quarterly report on September 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Iris Energy Limited (NASDAQ:IREN)’s Major holders
Insiders are in possession of 18.66% of company’s total shares while institution are holding 23.94 percent of that, with stock having share float percentage of 29.44%. Investors also watch the number of corporate investors in a company very closely, which is 23.94% institutions for Iris Energy Limited that are currently holding shares of the company. Regal Partners Ltd. is the top institutional holder at IREN for having 3.78 million shares of worth $12.65 million. And as of Jun 29, 2022, it was holding 6.87% of the company’s outstanding shares.
The second largest institutional holder is Platinum Investment Management Ltd, which was holding about 2.77 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 5.05% of outstanding shares, having a total worth of $9.29 million.
On the other hand, VanEck ETF Trust-VanEck Digital Transformation ETF and Exchange Traded Concepts Tr-Bitwise Crypto Industry Innovators ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2022, the former fund manager was holding 0.28 million shares of worth $1.18 million or 0.52% of the total outstanding shares. The later fund manager was in possession of 0.25 million shares on Jun 29, 2022, making its stake of worth around $0.83 million in the company or a holder of 0.45% of company’s stock.