Iris Energy Ltd (NASDAQ: IREN) Have Inclined 95.10% YTD, Forecasting What Will Happen Next

ZM Stock

Iris Energy Ltd (NASDAQ:IREN)’s traded shares stood at 14.71 million during the last session, with the company’s beta value hitting 3.63. At the close of trading, the stock’s price was $13.95, to imply a decrease of -3.46% or -$0.5 in intraday trading. The IREN share’s 52-week high remains $14.95, putting it -7.17% down since that peak but still an impressive 80.0% since price per share fell to its 52-week low of $2.79. The company has a valuation of $2.02B, with an average of 12.64 million shares over the past 3 months.

Iris Energy Ltd (NASDAQ:IREN) trade information

After registering a -3.46% downside in the last session, Iris Energy Ltd (IREN) has traded red over the past five days. The stock hit a weekly high of 14.95, dropping -3.46% in its intraday price action. The 5-day price performance for the stock is 12.96%, and 131.73% over 30 days. With these gigs, the year-to-date price performance is 95.10%.

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Iris Energy Ltd (IREN) estimates and forecasts

Looking at statistics comparing Iris Energy Ltd share performance against respective industry, we note that the company has outperformed competitors. Iris Energy Ltd (IREN) shares are 132.11% up over the last 6 months, with its year-to-date growth rate higher than industry average at 100.96% against 10.40%. The rating firms project that company’s revenue will grow 154.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is 57.97M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 85.61M.

IREN Dividends

Iris Energy Ltd has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Iris Energy Ltd has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.