In last trading session, Iris Energy Ltd (NASDAQ:IREN) saw 10.15 million shares changing hands with its beta currently measuring 3.03. Company’s recent per share price level of $4.90 trading at -$0.11 or -2.20% at ring of the bell on the day assigns it a market valuation of $528.91M. That closing price of IREN’s stock is at a discount of -97.76% from its 52-week high price of $9.69 and is indicating a premium of 43.06% from its 52-week low price of $2.79. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 14.06 million shares which gives us an average trading volume of 9.90 million if we extend that period to 3-months.
Iris Energy Ltd (NASDAQ:IREN) trade information
Upright in the red during last session for losing -2.20%, in the last five days IREN remained trading in the red while hitting it’s week-highest on Thursday, 04/04/24 when the stock touched $4.90 price level, adding 22.83% to its value on the day. Iris Energy Ltd’s shares saw a change of -31.47% in year-to-date performance and have moved -11.87% in past 5-day. Iris Energy Ltd (NASDAQ:IREN) showed a performance of -3.54% in past 30-days. Number of shares sold short was 1.02 million shares which calculate 0.1 days to cover the short interests.
Iris Energy Ltd (IREN) estimates and forecasts
Statistics highlight that Iris Energy Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company added 49.39% of value to its shares in past 6 months, showing an annual growth rate of 102.55% while that of industry is 10.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 27.90% from the last financial year’s standing.
Company posted $15.18 million and $13.47 million of sales in current and next quarters respectively a year earlier.
IREN Dividends
Iris Energy Ltd is more likely to be releasing its next quarterly report on February 15 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 Ltd (NASDAQ:IREN)’s Major holders
Insiders are in possession of 11.76% of company’s total shares while institution are holding 21.88 percent of that, with stock having share float percentage of 24.79%. Investors also watch the number of corporate investors in a company very closely, which is 21.88% institutions for Iris Energy Ltd that are currently holding shares of the company. Platinum Investment Management Ltd is the top institutional holder at IREN for having 2.63 million shares of worth $12.27 million. And as of Jun 29, 2023, it was holding 3.92% of the company’s outstanding shares.
The second largest institutional holder is Millennium Management Llc, which was holding about 1.59 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 2.37% of outstanding shares, having a total worth of $7.42 million.
On the other hand, Fidelity Strategic Advisors Small-Mid Cap Fund and Global X Fds-Global X Blockchain ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.65 million shares of worth $3.02 million or 0.97% of the total outstanding shares. The later fund manager was in possession of 0.61 million shares on Sep 29, 2023, making its stake of worth around $2.26 million in the company or a holder of 0.91% of company’s stock.
