During the recent session, Iris Energy Ltd (NASDAQ:IREN)’s traded shares were 8.02 million, with the beta value of the company hitting 3.46. At the last check today, the stock’s price was $10.74, reflecting an intraday loss of -4.57% or -$0.52. The 52-week high for the IREN share is $15.75, that puts it down -46.65 from that peak though still a striking 74.02% gain since the share price plummeted to a 52-week low of $2.79. The company’s market capitalization is $1.99B, and the average trade volume was 15.44 million shares over the past three months.

Iris Energy Ltd (IREN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.12. IREN has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.03.

Iris Energy Ltd (NASDAQ:IREN) trade information

Iris Energy Ltd (IREN) registered a -4.57% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.57% in intraday trading to $10.74, hitting a weekly high. The stock’s 5-day price performance is -4.06%, and it has moved by -25.64% in 30 days. Based on these gigs, the overall price performance for the year is 59.90%.

The extremes of the forecast give a target low and a target high price of $6 and $23 respectively. As a result, IREN is trading at a discount of -114.15% off the target high and 44.13% off the low.

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 128.13% during the last six months, with a year-to-date growth rate more than the industry average at 99.68% against 6.30. In the rating firms’ projections, revenue will increase 155.20% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 59.29M as predicted by 6 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 84.31M by the end of current fiscal year.

While earnings are projected to return 100.61% in 2024.

IREN Dividends

Iris Energy Ltd is due to release its next quarterly earnings in August. 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

Iris Energy Ltd insiders own 6.92% of total outstanding shares while institutional holders control 18.98%, with the float percentage being 20.39%. Marshall Wace LLP is the largest shareholder of the company, while 120 institutions own stock in it. As of Mar 31, 2024, the company held over 2.85 shares (or 1.95% of all shares), a total value of $30.2 million in shares.

The next largest institutional holding, with 2.77 shares, is of Millennium Management Llc ‘s that is approximately 1.89% of outstanding shares. At the market price on Mar 31, 2024, these shares were valued at $29.32 million.

Also, the Mutual Funds coming in first place with the largest holdings of Iris Energy Ltd (IREN) shares are Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF and Global X Fds-Global X Blockchain ETF. Data provided on Mar 31, 2024 indicates that Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF owns about 1.64 shares. This amounts to just over 1.12 percent of the company’s overall shares, with a $17.33 million market value. The same data shows that the other fund manager holds slightly less at 1.24, or about 0.84% of the stock, which is worth about $13.08 million.