After A -15.18% Drop In The Last Week, Does Iris Energy Ltd (NASDAQ: IREN) Still Make Sense To Buy?

IPW

During the last session, Iris Energy Ltd (NASDAQ:IREN)’s traded shares were 13.92 million, with the beta value of the company hitting 3.54. At the end of the trading day, the stock’s price was $11.79, reflecting an intraday loss of -3.91% or -$0.48. The 52-week high for the IREN share is $14.95, that puts it down -26.8 from that peak though still a striking 76.34% gain since the share price plummeted to a 52-week low of $2.79. The company’s market capitalization is $1.71B, and the average trade volume was 13.16 million shares over the past three months.

Iris Energy Ltd (NASDAQ:IREN) trade information

Iris Energy Ltd (IREN) registered a -3.91% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.91% in intraday trading to $11.79, hitting a weekly high. The stock’s 5-day price performance is -15.18%, and it has moved by 49.43% in 30 days. Based on these gigs, the overall price performance for the year is 163.17%.

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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 34.13% during the last six months, with a year-to-date growth rate more than the industry average at 100.64% against 9.90.

While earnings are projected to return 100.84% in 2024.

IREN Dividends

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

Iris Energy Ltd (NASDAQ:IREN)’s Major holders