IREN Ltd (NASDAQ:IREN) has a beta value of 3.64 and has seen 15.11 million shares traded in the last trading session. The company, currently valued at $2.23B, closed the last trade at $11.38 per share which meant it lost -$0.39 on the day or -3.31% during that session. The IREN stock price is -39.89% off its 52-week high price of $15.92 and 68.72% 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 11.91 million shares traded. The 3-month trading volume is 17.50 million shares.
The consensus among analysts is that IREN Ltd (IREN) is Buy stock at the moment, with a recommendation rating of 1.42. 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.
IREN Ltd (NASDAQ:IREN) trade information
Sporting -3.31% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the IREN stock price touched $11.38 or saw a rise of 8.23%. Year-to-date, IREN Ltd shares have moved 15.89%, while the 5-day performance has seen it change 14.49%. Over the past 30 days, the shares of IREN Ltd (NASDAQ:IREN) have changed -19.58%. 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 18.71% 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 -40.6% off the targeted high while a plunge would see the stock gain -5.45% 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 -11.23% over the past 6 months, with this year growth rate of 117.24%, compared to -3.90% for the industry.
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 February 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.
