Iris Energy Ltd (NASDAQ:IREN)’s traded shares stood at 26.46 million during the last session, with the company’s beta value hitting 3.55. At the close of trading, the stock’s price was $14.15, to imply a decrease of -0.84% or -$0.12 in intraday trading. The IREN share’s 52-week high remains $15.75, putting it -11.31% down since that peak but still an impressive 74.84% since price per share fell to its 52-week low of $3.56. The company has a valuation of $2.66B, with an average of 22.38 million shares in intraday trading volume over the past 10 days and average of 17.05 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Iris Energy Ltd (IREN), translating to a mean rating of 1.30. Of 7 analyst(s) looking at the stock, 0 analyst(s) give IREN a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.12.
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Iris Energy Ltd (NASDAQ:IREN) trade information
After registering a -0.84% downside in the last session, Iris Energy Ltd (IREN) has traded red over the past five days. The 5-day price performance for the stock is 14.11%, and 58.28% over 30 days. With these gigs, the year-to-date price performance is 97.90%. Short interest in Iris Energy Ltd (NASDAQ:IREN) saw shorts transact 10.16 million shares and set a 0.54 days time to cover.
The extremes give us $12 and $23 for target low and target high price respectively. As such, IREN has been trading -62.54% off suggested target high and 15.19% from its likely low.
Iris Energy Ltd (IREN) estimates and forecasts
Looking at statistics comparing Iris Energy Ltd share performance against respective industry, we note that the company has outperformed competitors. Iris Energy Ltd (IREN) shares are 37.78% up over the last 6 months, with its year-to-date growth rate higher than industry average at 86.21% against -7.80%. The rating firms project that company’s revenue will grow 184.78% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 125.22M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 164.76M.Earnings reports from the last fiscal year show that sales brought in 42.05M and 54.35M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 197.81% before jumping 203.16% in the following quarter.
IREN Dividends
Iris Energy Ltd has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is MOORE CAPITAL MANAGEMENT, LP with 5.46 million shares, or about 5.4839% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $61.69 million.
