In the latest trading session, 3.69 million IREN Ltd (NASDAQ:IREN) shares changed hands as the company’s beta touched 3.60. With the company’s most recent per share price at $10.49 changed hands at -$0.51 or -4.59% at last look, the market valuation stands at $2.05B. IREN’s current price is a discount, trading about -51.76% off its 52-week high of $15.92. The share price had its 52-week low at $3.56, which suggests the last value was 66.06% up since then. When we look at IREN Ltd’s average trading volume, we note the 10-day average is 12.74 million shares, with the 3-month average coming to 17.65 million.
Analysts gave the IREN Ltd (IREN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.42. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended IREN as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. IREN Ltd’s EPS for the current quarter is expected to be 0.05.
IREN Ltd (NASDAQ:IREN) trade information
Instantly IREN was in red as seen in intraday trades today. With action -7.45%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 6.87%, with the 5-day performance at -7.45% in the red. However, in the 30-day time frame, IREN Ltd (NASDAQ:IREN) is -21.44% down. Looking at the short shares, we see there were 10.16 million shares sold at short interest cover period of 0.54 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14, meaning bulls need an upside of 25.07% from its recent market value. According to analyst projections, IREN’s forecast low is 12 with 16 as the target high. To hit the forecast high, the stock’s price needs a -52.53% plunge from its current level, while the stock would need to soar -14.39% for it to hit the projected low.
IREN Ltd (IREN) estimates and forecasts
Data shows that the IREN Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -14.74% over the past 6 months, a 124.14% in annual growth rate that is considerably higher than the industry average of -3.90%. Year-over-year growth is forecast to reach 185.89% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 117.31M. 10 analysts are of the opinion that IREN Ltd’s revenue for the current quarter will be 166.39M. The company’s revenue for the corresponding quarters a year ago was 42.05M and 54.35M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 179.01%. The estimates for the next quarter sales put growth at 206.16%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -65.75%. The 2025 estimates are for IREN Ltd earnings to increase by 186.19%.
IREN Dividends
IREN Ltd is expected to release its next quarterly earnings report in February.
IREN Ltd (NASDAQ:IREN)’s Major holders
MOORE CAPITAL MANAGEMENT, LP holds the second largest percentage of outstanding shares, with 5.4839% or 5.46 million shares worth $61.69 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF and Global X Fds-Global X Blockchain ETF. With 2.12 shares estimated at $22.14 million under it, the former controlled 1.13% of total outstanding shares. On the other hand, Global X Fds-Global X Blockchain ETF held about 0.82% of the shares, roughly 1.55 shares worth around $16.15 million.
