IREN Ltd (NASDAQ:IREN) has a beta value of 3.55 and has seen 15.44 million shares traded in the last trading session. The company, currently valued at $2.66B, closed the last trade at $13.91 per share which meant it gained $0.8 on the day or 6.10% during that session. The IREN stock price is -14.45% off its 52-week high price of $15.92 and 74.41% above the 52-week low of $3.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 19.75 million shares traded. The 3-month trading volume is 17.64 million shares.

The consensus among analysts is that IREN Ltd (IREN) is Buy stock at the moment, with a recommendation rating of 1.45. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 7 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.04.

IREN Ltd (NASDAQ:IREN) trade information

Sporting 6.10% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the IREN stock price touched $13.91 or saw a rise of 6.77%. Year-to-date, IREN Ltd shares have moved 94.55%, while the 5-day performance has seen it change -4.14%. Over the past 30 days, the shares of IREN Ltd (NASDAQ:IREN) have changed 34.66%. Short interest in the company has seen 10.16 million shares shorted with days to cover at 0.54.

Wall Street analysts have a consensus price target for the stock at $14, which means that the shares’ value could jump 0.64% from current levels. The projected low price target is $12.0 while the price target rests at a high of $16.0. In that case, then, we find that the current price level is -15.03% off the targeted high while a plunge would see the stock lose 13.73% from current levels.

IREN Ltd (IREN) estimates and forecasts

Figures show that IREN Ltd shares have outperformed across the wider relevant industry. The company’s shares have lost -3.74% over the past 6 months, with this year growth rate of 113.79%, compared to -6.50% for the industry. Revenue growth from the last financial year stood is estimated to be 187.30%.

9 analysts offering their estimates for the company have set an average revenue estimate of 122.09M for the current quarter. 9 have an estimated revenue figure of 167.53M for the next ending quarter. Year-ago sales stood 42.05M and 54.35M respectively for this quarter and the next, and analysts expect sales will grow by 190.35% for the current quarter and 187.30% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -65.75% over the past 5 years.

IREN Dividends

IREN Ltd is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

IREN Ltd (NASDAQ:IREN)’s Major holders

The top two institutional holders are CASTLE HOOK PARTNERS LP with over 6.87 million shares worth more than $77.55 million. As of 2024-06-30, CASTLE HOOK PARTNERS LP held 6.8935% of shares outstanding.

The other major institutional holder is MOORE CAPITAL MANAGEMENT, LP, with the holding of over 5.46 million shares as of 2024-06-30. The firm’s total holdings are worth over $61.69 million and represent 5.4839% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF and Global X Fds-Global X Blockchain ETF . As of Sep 30, 2024 , the former fund manager holds about 1.13% shares in the company for having 2.12 shares of worth $29.5 million while later fund manager owns 1.55 shares of worth $21.52 million as of Oct 31, 2024 , which makes it owner of about 0.82% of company’s outstanding stock.