In last trading session, IREN Ltd (NASDAQ:IREN) saw 14.99 million shares changing hands with its beta currently measuring 3.56. Company’s recent per share price level of $11.41 trading at -$0.72 or -5.89% at ring of the bell on the day assigns it a market valuation of $2.23B. That closing price of IREN’s stock is at a discount of -39.53% from its 52-week high price of $15.92 and is indicating a premium of 68.8% from its 52-week low price of $3.56. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 17.31 million shares which gives us an average trading volume of 17.71 million if we extend that period to 3-months.
For IREN Ltd (IREN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.45. 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 0.04 in the current quarter.
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IREN Ltd (NASDAQ:IREN) trade information
Upright in the red during last session for losing -5.89%, in the last five days IREN remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $11.41 price level, adding 23.16% to its value on the day. IREN Ltd’s shares saw a change of 59.65% in year-to-date performance and have moved -15.00% in past 5-day. IREN Ltd (NASDAQ:IREN) showed a performance of 9.65% in past 30-days. Number of shares sold short was 10.16 million shares which calculate 0.54 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a rise of 18.5% to its current value. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 16. It follows that stock’s current price would drop -5.17% in reaching the projected high whereas dropping to the targeted low would mean a loss of -5.17% for stock’s current value.
IREN Ltd (IREN) estimates and forecasts
Statistics highlight that IREN Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -14.04% of value to its shares in past 6 months, showing an annual growth rate of 113.79% while that of industry is -8.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 190.08% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 120.08M for the same. And 9 analysts are in estimates of company making revenue of 168.97M in the next quarter. Company posted 42.05M and 54.35M of sales in current and next quarters respectively a year earlier.
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.
IREN Ltd (NASDAQ:IREN)’s Major holders
CASTLE HOOK PARTNERS LP is the top institutional holder at IREN for having 6.87 million shares of worth $77.55 million. And as of 2024-06-30, it was holding 6.8935 of the company’s outstanding shares.
The second largest institutional holder is MOORE CAPITAL MANAGEMENT, LP, which was holding about 5.46 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.4839 of outstanding shares, having a total worth of $61.69 million.
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 Sep 30, 2024 , the former fund manager was holding 2.12 shares of worth $24.21 million or 1.13% of the total outstanding shares. The later fund manager was in possession of 1.55 shares on Oct 31, 2024 , making its stake of worth around $17.66 million in the company or a holder of 0.82% of company’s stock.
