In recent trading session, Iris Energy Ltd (NASDAQ:IREN) saw 3.78 million shares changing hands at last check today with its beta currently measuring 3.45. Company’s recent per share price level of $6.85 trading at $0.13 or 1.93% at last check today assigns it a market valuation of $1.29B. That most recent trading price of IREN’s stock is at a discount of -129.93% from its 52-week high price of $15.75 and is indicating a premium of 59.27% from its 52-week low price of $2.79. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 14.11 million shares which gives us an average trading volume of 17.32 million if we extend that period to 3-months.
For Iris Energy Ltd (IREN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.33. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.05 in the current quarter.
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Iris Energy Ltd (NASDAQ:IREN) trade information
Upright in the green today for gaining 1.93%, in the last five days IREN remained trading in the red while hitting it’s week-highest on Thursday, 08/29/24 when the stock touched $6.85 price level, adding 25.54% to its value on the day. Iris Energy Ltd’s shares saw a change of -4.20% in year-to-date performance and have moved -7.68% in past 5-day. Iris Energy Ltd (NASDAQ:IREN) showed a performance of -13.51% in past 30-days. Number of shares sold short was 6.91 million shares which calculate 0.44 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a rise of 54.33% to its recent value today. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 23. It follows that stock’s current price would jump 12.41% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.41% for stock’s current value.
Iris Energy Ltd (IREN) estimates and forecasts
Statistics highlight that Iris Energy Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company added 26.85% of value to its shares in past 6 months, showing an annual growth rate of 241.38% while that of industry is -0.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 149.90% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 59.73M for the same. And 5 analysts are in estimates of company making revenue of 108.06M in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -65.75% during past 5 years.
On the other hand, Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF and Global X Fds-Global X Blockchain ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 1.95 shares of worth $13.33 million or 1.04% of the total outstanding shares. The later fund manager was in possession of 1.22 shares on Jul 31, 2024, making its stake of worth around $8.34 million in the company or a holder of 0.65% of company’s stock.
