During the recent session, IREN Ltd (NASDAQ:IREN)’s traded shares were 2.56 million, with the beta value of the company hitting 3.55. At the last check today, the stock’s price was $13.35, reflecting an intraday loss of -0.60% or -$0.08. The 52-week high for the IREN share is $15.92, that puts it down -19.25 from that peak though still a striking 73.33% gain since the share price plummeted to a 52-week low of $3.56. The company’s market capitalization is $2.61B, and the average intraday trading volume over the past 10 days was 20.63 million shares, and the average trade volume was 17.68 million shares over the past three months.

IREN Ltd (IREN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.45. 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 0.04.

IREN Ltd (NASDAQ:IREN) trade information

IREN Ltd (IREN) registered a -0.60% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.60% in intraday trading to $13.35, hitting a weekly high. The stock’s 5-day price performance is -13.26%, and it has moved by 22.70% in 30 days. Based on these gigs, the overall price performance for the year is 130.57%. The short interest in IREN Ltd (NASDAQ:IREN) is 10.16 million shares and it means that shorts have 0.54 day(s) to cover.

The consensus price target of analysts on Wall Street is $14, which implies an increase of 4.64% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $16 respectively. As a result, IREN is trading at a discount of -19.85% off the target high and 10.11% off the low.

IREN Ltd (IREN) estimates and forecasts

Statistics show that IREN Ltd has outperformed its competitors in share price, compared to the industry in which it operates. IREN Ltd (IREN) shares have gone up 0.98% during the last six months, with a year-to-date growth rate more than the industry average at 113.79% against -8.80. In the rating firms’ projections, revenue will increase 187.30% 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 122.09M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 167.53M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 42.05M and 54.35M respectively. In this case, analysts expect current quarter sales to grow by 190.35% and then jump by 208.25% in the coming quarter.

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 199.63% in 2024.

IREN Dividends

IREN Ltd is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

IREN Ltd (NASDAQ:IREN)’s Major holders

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.