The Iris Energy Ltd (NASDAQ: IREN) Stock Dropped 19.54% In A Single Month – Are There Any Hopes For A Gain?

During the last session, Iris Energy Ltd (NASDAQ:IREN)’s traded shares were 7.11 million, with the beta value of the company hitting 3.06. At the end of the trading day, the stock’s price was $5.20, reflecting an intraday gain of 6.78% or $0.33. The 52-week high for the IREN share is $9.69, that puts it down -86.35 from that peak though still a striking 46.35% gain since the share price plummeted to a 52-week low of $2.79. The company’s market capitalization is $723.53M, and the average trade volume was 9.65 million shares over the past three months.

Iris Energy Ltd (NASDAQ:IREN) trade information

Iris Energy Ltd (IREN) registered a 6.78% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.78% in intraday trading to $5.20, hitting a weekly high. The stock’s 5-day price performance is 1.36%, and it has moved by 19.54% in 30 days. Based on these gigs, the overall price performance for the year is 31.31%.

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Iris Energy Ltd (IREN) estimates and forecasts

Statistics show that Iris Energy Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Iris Energy Ltd (IREN) shares have gone up 73.91% during the last six months, with a year-to-date growth rate more than the industry average at 102.55% against 10.40.

While earnings are projected to return 96.48% in 2024.

IREN Dividends

Iris Energy Ltd is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.