Iris Energy Ltd (NASDAQ:IREN) has a beta value of 3.48 and has seen 17.43 million shares traded in the last trading session. The company, currently valued at $2.01B, closed the last trade at $10.89 per share which meant it lost -$0.69 on the day or -5.96% during that session. The IREN stock price is -44.63% off its 52-week high price of $15.75 and 74.38% 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 23.21 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. The expected earnings per share for the stock is 0.03.
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
Sporting -5.96% in the red in last session, 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 $10.89 or saw a rise of 15.71%. Year-to-date, Iris Energy Ltd shares have moved 52.31%, while the 5-day performance has seen it change -11.75%. Over the past 30 days, the shares of Iris Energy Ltd (NASDAQ:IREN) have changed -18.00%. 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 9.25% from current levels. 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 current price level is -111.2% off the targeted high while a plunge would see the stock lose 44.9% from current levels.
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 153.26% over the past 6 months, with this year growth rate of 99.68%, compared to 7.40% for the industry. Revenue growth from the last financial year stood is estimated to be 155.20%.
5 analysts offering their estimates for the company have set an average revenue estimate of 57.69M for the current quarter. 4 have an estimated revenue figure of 84.31M for the next ending quarter.
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.
Iris Energy Ltd (NASDAQ:IREN)’s Major holders
Insiders own 6.92% of the company shares, while shares held by institutions stand at 18.97% with a share float percentage of 20.38% . Investors are also buoyed by the number of investors in a company, with Iris Energy Ltd having a total of 121 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF and Global X Fds-Global X Blockchain ETF . As of Mar 31, 2024 , the former fund manager holds about 1.12% shares in the company for having 1.64 shares of worth $17.83 million while later fund manager owns 1.23 shares of worth $13.42 million as of Jun 30, 2024 , which makes it owner of about 0.84% of company’s outstanding stock.
