Iris Energy Ltd (NASDAQ: IREN) Disappoints Wall Street With -1.74% Stock Price Loss

Iris Energy Ltd (NASDAQ:IREN) has a beta value of 2.98 and has seen 4.51 million shares traded in the last trading session. The company, currently valued at $706.83M, closed the last trade at $5.08 per share which meant it lost -$0.09 on the day or -1.74% during that session. The IREN stock price is -90.75% off its 52-week high price of $9.69 and 45.08% above the 52-week low of $2.79. The 3-month trading volume is 10.27 million shares.

Iris Energy Ltd (NASDAQ:IREN) trade information

Sporting -1.74% in the red in last session, the stock has traded in the green over the last five days, when the IREN stock price touched $5.08 or saw a rise of 10.88%. Year-to-date, Iris Energy Ltd shares have moved -28.95%, while the 5-day performance has seen it change 2.63%. Over the past 30 days, the shares of Iris Energy Ltd (NASDAQ:IREN) have changed -5.40%.

Iris Energy Ltd (IREN) estimates and forecasts

Figures show that Iris Energy Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 50.74% over the past 6 months, with this year growth rate of 102.55%, compared to 8.50% for the industry. Revenue growth from the last financial year stood is estimated to be 27.90%.

IREN Dividends

Iris Energy Ltd is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.