Iris Energy Ltd (NASDAQ:IREN) has a beta value of 3.48 and has seen 7.17 million shares traded in the recent trading session. The company, currently valued at $2.18B, closed the recent trade at $11.77 per share which meant it gained $0.19 on the day or 1.60% during that session. The IREN stock price is -33.81% off its 52-week high price of $15.75 and 76.3% above the 52-week low of $2.79. If we look at the company’s 10-day average daily trading volume, we find that it stood at 23.46 million shares traded. The 3-month trading volume is 15.72 million shares.
The consensus among analysts is that Iris Energy Ltd (IREN) is Buy stock at the moment, with a recommendation rating of 1.12. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight.
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Iris Energy Ltd (NASDAQ:IREN) trade information
Sporting 1.60% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the IREN stock price touched $11.77 or saw a rise of 8.9%. Year-to-date, Iris Energy Ltd shares have moved 64.55%, while the 5-day performance has seen it change -4.66%. Over the past 30 days, the shares of Iris Energy Ltd (NASDAQ:IREN) have changed -11.41%. Short interest in the company has seen 6.06 million shares shorted with days to cover at 0.33.
Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could jump 1.92% from the levels at last check today. The projected low price target is $6 while the price target rests at a high of $23. In that case, then, we find that the latest price level in today’s session is -95.41% off the targeted high while a plunge would see the stock lose 49.02% from the levels at last check today.
Iris Energy Ltd (IREN) estimates and forecasts
Figures show that Iris Energy Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 173.60% over the past 6 months, with this year growth rate of 99.68%, compared to 7.40% for the industry.
IREN Dividends
Iris Energy Ltd is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
