In today’s recent session, 4.98 million shares of the IREN Ltd (NASDAQ:IREN) have been traded, and its beta is 3.59. Most recently the company’s share price was $10.03, and it changed around -$0.68 or -6.30% from the last close, which brings the market valuation of the company to $1.85B. IREN at last check was trading at a discount to its 52-week high of $15.92, offering almost -58.72% off that amount. The share price’s 52-week low was $3.56, which indicates that the recent value has risen by an impressive 64.51% since then. We note from IREN Ltd’s average daily trading volume that its 10-day average is 12.14 million shares, with the 3-month average coming to 17.29 million.
IREN Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.42. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 2 recommended IREN as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. IREN Ltd is expected to report earnings per share of 0.04 for the current quarter.
IREN Ltd (NASDAQ:IREN) trade information
Instantly IREN has been showing red trend so far today with a performance of -6.30% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 11.94 on recent trading dayincreased the stock’s daily price by 16.0%. The company’s shares are currently up 40.35% year-to-date, but still down -15.03% over the last five days. On the other hand, IREN Ltd (NASDAQ:IREN) is -19.07% down in the 30-day period. We can see from the shorts that 10.16 million shares have been sold at a short interest cover period of 0.54 day(s).
The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to increase their stock price by 28.36% from its current value. Analyst projections state that IREN is forecast to be at a low of $12 and a high of $16.
IREN Ltd (IREN) estimates and forecasts
IREN Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -20.48 percent over the past six months and at a 117.24% annual growth rate that is well above the industry average of -2.90%. The year-over-year growth rate is expected to be 187.81%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 118.14M in revenue for the current quarter. 10 analysts expect IREN Ltd to make 167.38M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 42.05M and 54.35M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 180.98%. Forecasts for the next quarter put sales growth at 207.98%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -65.75%.
IREN Dividends
IREN Ltd’s next quarterly earnings report is expected to be released in January.
IREN Ltd (NASDAQ:IREN)’s Major holders
MOORE CAPITAL MANAGEMENT, LP, with 5.4839% or 5.46 million shares worth $61.69 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
