During the recent session, Iris Energy Ltd (NASDAQ:IREN)’s traded shares were 16.18 million, with the beta value of the company hitting 3.46. At the last check today, the stock’s price was $8.90, reflecting an intraday gain of 19.88% or $1.48. The 52-week high for the IREN share is $15.75, that puts it down -76.97 from that peak though still a striking 68.65% gain since the share price plummeted to a 52-week low of $2.79. The company’s market capitalization is $1.64B, and the average intraday trading volume over the past 10 days was 11.15 million shares, and the average trade volume was 17.04 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 1.14. IREN has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 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 0.09.

Iris Energy Ltd (NASDAQ:IREN) trade information

Iris Energy Ltd (IREN) registered a 19.88% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 19.88% in intraday trading to $8.90, hitting a weekly high. The stock’s 5-day price performance is 9.81%, and it has moved by -11.67% in 30 days. Based on these gigs, the overall price performance for the year is 69.75%. The short interest in Iris Energy Ltd (NASDAQ:IREN) is 6.91 million shares and it means that shorts have 0.44 day(s) to cover.

The consensus price target of analysts on Wall Street is $15, which implies an increase of 40.67% to the stock’s current value. 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 -158.43% off the target high and 32.58% 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 50.76% during the last six months, with a year-to-date growth rate more than the industry average at 99.68% against 0.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 228.60% this quarter and then jump 457.10% in the quarter after that. In the rating firms’ projections, revenue will increase 228.30% 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 82.25M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 129.71M by the end of current fiscal year.

While earnings are projected to return 346.04% in 2024.

IREN Dividends

Iris Energy Ltd is due to release its next quarterly earnings on 2024-Aug-28. 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

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 Jun 30, 2024 indicates that Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF owns about 1.95 shares. This amounts to just over 1.33 percent of the company’s overall shares, with a $17.36 million market value. The same data shows that the other fund manager holds slightly less at 1.22, or about 0.83% of the stock, which is worth about $10.86 million.