In the latest trading session, 3.39 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 $10.28 changed hands at -$0.6 or -5.51% at last look, the market valuation stands at $2.24B. IREN’s current price is a discount, trading about -54.86% off its 52-week high of $15.92. The share price had its 52-week low at $4.15, which suggests the last value was 59.63% up since then.
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 0.26.
IREN Ltd (NASDAQ:IREN) trade information
Instantly IREN was in red as seen in intraday trades today. With action -20.98%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 4.69%, with the 5-day performance at -20.98% in the red. However, in the 30-day time frame, IREN Ltd (NASDAQ:IREN) is -16.29% down.
The consensus price target for the stock as assigned by Wall Street analysts is 13.75, meaning bulls need an upside of 25.24% 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 -55.64% plunge from its current level, while the stock would need to soar -16.73% for it to hit the projected low.
IREN Ltd (IREN) estimates and forecasts
Year-over-year growth is forecast to reach 194.77% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 171.21M. 11 analysts are of the opinion that IREN Ltd’s revenue for the current quarter will be 213.05M. The company’s revenue for the corresponding quarters a year ago was 54.35M and 57.44M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 215.02%. The estimates for the next quarter sales put growth at 270.92%.
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 249.50%.
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 $21.76 million under it, the former controlled 0.99% of total outstanding shares. On the other hand, Global X Fds-Global X Blockchain ETF held about 0.37% of the shares, roughly 789.3 shares worth around $8.1 million.
