In the last trading session, 4.89 million shares of the Iris Energy Ltd (NASDAQ:IREN) were traded, and its beta was 3.08. Most recently the company’s share price was $4.79, and it changed around -$0.32 or -6.26% from the last close, which brings the market valuation of the company to $666.48M. IREN currently trades at a discount to its 52-week high of $9.69, offering almost -102.3% off that amount. The share price’s 52-week low was $2.79, which indicates that the current value has risen by an impressive 41.75% since then. We note from Iris Energy Ltd’s average daily trading volume that its 3-month average coming to 10.10 million.
Iris Energy Ltd (NASDAQ:IREN) trade information
Instantly IREN has showed a red trend with a performance of -6.26% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -33.01% year-to-date, but still up 1.27% over the last five days. On the other hand, Iris Energy Ltd (NASDAQ:IREN) is -3.62% down in the 30-day period.
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The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 31.57% from its current value. Analyst projections state that IREN is forecast to be at a low of $6 and a high of $8.
Iris Energy Ltd (IREN) estimates and forecasts
Iris Energy Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 55.52 percent over the past six months and at a 102.55% annual growth rate that is well above the industry average of 11.90%. The year-over-year growth rate is expected to be 27.90%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of -$ in revenue for the current quarter. 6 analysts expect Iris Energy Ltd to make -$ in revenue for the quarter ending Jun 2023. The company’s sales for the same quarters a year ago were $15.18 million and $13.47 million respectively.
