IREN Ltd (NASDAQ:IREN)’s traded shares stood at 15.5 million during the last session, with the company’s beta value hitting 3.63. At the close of trading, the stock’s price was $8.49, to imply a decrease of -3.30% or -$0.29 in intraday trading. The IREN share’s 52-week high remains $15.92, putting it -87.51% down since that peak but still an impressive 51.12% since price per share fell to its 52-week low of $4.15.
Analysts have given a consensus recommendation of Buy for IREN Ltd (IREN), translating to a mean rating of 1.42. Of 7 analyst(s) looking at the stock, 0 analyst(s) give IREN a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.26.
IREN Ltd (NASDAQ:IREN) trade information
After registering a -3.30% downside in the last session, IREN Ltd (IREN) has traded red over the past five days. The 5-day price performance for the stock is -34.69%, and -15.86% over 30 days. With these gigs, the year-to-date price performance is -13.54%.
The extremes give us $12 and $16 for target low and target high price respectively. As such, IREN has been trading -88.46% off suggested target high and -41.34% from its likely low.
IREN Ltd (IREN) estimates and forecasts
The rating firms project that company’s revenue will grow 194.77% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is 171.21M. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 213.05M.Earnings reports from the last fiscal year show that sales brought in 54.35M and 57.44M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 215.02% before jumping 270.92% in the following quarter.
IREN Dividends
IREN Ltd has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
IREN Ltd (NASDAQ:IREN)’s Major holders
The next major institution holding the largest number of shares is MOORE CAPITAL MANAGEMENT, LP with 5.46 million shares, or about 5.4839% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $61.69 million.
