During the last session, Iris Energy Ltd (NASDAQ:IREN)’s traded shares were 16.59 million, with the beta value of the company hitting 3.42. At the end of the trading day, the stock’s price was $9.12, reflecting an intraday loss of -11.63% or -$1.2. The 52-week high for the IREN share is $15.75, that puts it down -72.7 from that peak though still a striking 69.41% gain since the share price plummeted to a 52-week low of $2.79. The company’s market capitalization is $1.71B, and the average intraday trading volume over the past 10 days was 19.41 million shares, and the average trade volume was 14.49 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 1.30. 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 -0.07.
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Iris Energy Ltd (NASDAQ:IREN) trade information
Iris Energy Ltd (IREN) registered a -11.63% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -11.63% in intraday trading to $9.12, hitting a weekly high. The stock’s 5-day price performance is -1.30%, and it has moved by 16.92% in 30 days. Based on these gigs, the overall price performance for the year is 196.10%. The short interest in Iris Energy Ltd (NASDAQ:IREN) is 10.7 million shares and it means that shorts have 0.75 day(s) to cover.
The consensus price target of analysts on Wall Street is $13.75, which implies an increase of 33.67% 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 -152.19% off the target high and 34.21% 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 99.56% during the last six months, with a year-to-date growth rate more than the industry average at 200.00% against -5.60. In the rating firms’ projections, revenue will increase 143.70% 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 57.8M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 106M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -65.75%. While earnings are projected to return 252.12% in 2024.
IREN Dividends
Iris Energy Ltd is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 5.46 million shares, is of MOORE CAPITAL MANAGEMENT, LP’s that is approximately 5.4839% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $61.69 million.
