During the last session, Iris Energy Ltd (NASDAQ:IREN)’s traded shares were 14.99 million, with the beta value of the company hitting 3.47. At the end of the trading day, the stock’s price was $11.30, reflecting an intraday gain of 10.46% or $1.07. The 52-week high for the IREN share is $15.75, that puts it down -39.38 from that peak though still a striking 75.31% gain since the share price plummeted to a 52-week low of $2.79. The company’s market capitalization is $2.09B, and the average intraday trading volume over the past 10 days was 24.11 million shares, and the average trade volume was 15.62 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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Iris Energy Ltd (NASDAQ:IREN) trade information
Iris Energy Ltd (IREN) registered a 10.46% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 10.46% in intraday trading to $11.30, hitting a weekly high. The stock’s 5-day price performance is -8.20%, and it has moved by -19.00% in 30 days. Based on these gigs, the overall price performance for the year is 50.67%. The short interest in Iris Energy Ltd (NASDAQ:IREN) is 6.06 million shares and it means that shorts have 0.33 day(s) to cover.
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 -103.54% off the target high and 46.9% 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 160.97% during the last six months, with a year-to-date growth rate more than the industry average at 99.68% against 7.00.
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.