IREN Ltd (NASDAQ:IREN) has a beta value of 3.69 and has seen 21.29 million shares traded in the recent trading session. The company, currently valued at $2.02B, closed the recent trade at $10.33 per share which meant it lost -$2.99 on the day or -22.47% during that session. The IREN stock price is -54.11% off its 52-week high price of $15.92 and 65.54% 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 16.11 million shares traded. The 3-month trading volume is 17.31 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. The expected earnings per share for the stock is 0.05.
IREN Ltd (NASDAQ:IREN) trade information
Sporting -22.47% in the red today, 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 $10.33 or saw a rise of 24.21%. Year-to-date, IREN Ltd shares have moved 5.17%, while the 5-day performance has seen it change -13.87%. Over the past 30 days, the shares of IREN Ltd (NASDAQ:IREN) have changed -8.20%. 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 $13.75, which means that the shares’ value could jump 24.87% from the levels at last check today. 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 latest price level in today’s session is -54.89% off the targeted high while a plunge would see the stock gain -16.17% from the levels at last check today.
IREN Ltd (IREN) estimates and forecasts
Figures show that IREN Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 9.52% over the past 6 months, with this year growth rate of 158.62%, compared to -1.20% for the industry. Revenue growth from the last financial year stood is estimated to be 185.86%.
10 analysts offering their estimates for the company have set an average revenue estimate of 117.31M for the current quarter. 10 have an estimated revenue figure of 166.39M 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 179.01% for the current quarter and 185.86% 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 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.
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 0.99% shares in the company for having 2.12 shares of worth $21.43 million while later fund manager owns 789.3 shares of worth $7.98 million as of Nov 30, 2024 , which makes it owner of about 0.37% of company’s outstanding stock.
