In the last trading session, 9.78 million Iris Energy Ltd (NASDAQ:IREN) shares changed hands as the company’s beta touched 3.04. With the company’s per share price at $5.05 changed hands at -$0.6 or -10.62% during last session, the market valuation stood at $555.00M. IREN’s last price was a discount, traded about -91.88% off its 52-week high of $9.69. The share price had its 52-week low at $2.61, which suggests the last value was 48.32% up since then. When we look at Iris Energy Ltd’s average trading volume, we note the 10-day average is 9.98 million shares, with the 3-month average coming to 8.54 million.
Iris Energy Ltd (NASDAQ:IREN) trade information
Instantly IREN was in red as seen at the end of in last trading. With action 9.78%, the performance over the past five days has been green. The drop to weekly highs of 6.14 subtracted -10.62% to the stock’s daily price. The company’s shares are showing year-to-date downside of -29.37%, with the 5-day performance at 9.78% in the green. However, in the 30-day time frame, Iris Energy Ltd (NASDAQ:IREN) is -23.83% down. Looking at the short shares, we see there were 2.46 million shares sold at short interest cover period of 0.24 days.
Iris Energy Ltd (IREN) estimates and forecasts
Data shows that the Iris Energy Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 30.83% over the past 6 months, a 99.68% in annual growth rate that is considerably higher than the industry average of 9.40%. Year-over-year growth is forecast to reach 27.90% up from the last financial year.
The company’s revenue for the corresponding quarters a year ago was $15.18 million and $13.47 million respectively.
The 2024 estimates are for Iris Energy Ltd earnings to increase by 94.73%.
IREN Dividends
Iris Energy Ltd is expected to release its next quarterly earnings report on February 15.
Iris Energy Ltd (NASDAQ:IREN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.76% of Iris Energy Ltd shares while 21.88% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 24.79%. There are 21.88% institutions holding the Iris Energy Ltd stock share, with Platinum Investment Management Ltd the top institutional holder. As of Jun 29, 2023, the company held 3.92% of the shares, roughly 2.63 million IREN shares worth $12.27 million.
Millennium Management Llc holds the second largest percentage of outstanding shares, with 2.37% or 1.59 million shares worth $7.42 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Fidelity Strategic Advisors Small-Mid Cap Fund and Global X Fds-Global X Blockchain ETF. With 0.65 million shares estimated at $3.02 million under it, the former controlled 0.97% of total outstanding shares. On the other hand, Global X Fds-Global X Blockchain ETF held about 0.91% of the shares, roughly 0.61 million shares worth around $2.26 million.
