In today’s recent session, 5.56 million shares of the IREN Ltd (NASDAQ:IREN) have been traded, and its beta is 3.65. Most recently the company’s share price was $8.31, and it changed around $0.07 or 0.90% from the last close, which brings the market valuation of the company to $1.81B. IREN at last check was trading at a discount to its 52-week high of $15.92, offering almost -91.58% off that amount. The share price’s 52-week low was $4.15, which indicates that the recent value has risen by an impressive 50.06% since then.
IREN Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.42. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended IREN as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. IREN Ltd is expected to report earnings per share of 0.26 for the current quarter.
IREN Ltd (NASDAQ:IREN) trade information
Instantly IREN has been showing a green trend so far today with a performance of 0.90% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.91 on recent trading dayincreased the stock’s daily price by 16.15%. The company’s shares are currently down -15.33% year-to-date, but still down -18.17% over the last five days. On the other hand, IREN Ltd (NASDAQ:IREN) is -19.28% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $13, which translates to bulls needing to increase their stock price by 36.08% from its current value. Analyst projections state that IREN is forecast to be at a low of $12 and a high of $14.
IREN Ltd (IREN) estimates and forecasts
The year-over-year growth rate is expected to be 194.77%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 171.21M in revenue for the current quarter. 11 analysts expect IREN Ltd to make 213.05M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 54.35M and 57.44M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 215.02%. Forecasts for the next quarter put sales growth at 270.92%. Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -65.75%.
IREN Ltd (NASDAQ:IREN)’s Major holders
MOORE CAPITAL MANAGEMENT, LP, with 5.4839% or 5.46 million shares worth $61.69 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF and Global X Fds-Global X Blockchain ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 2.78 shares worth $23.09 million, making up 1.30% of all outstanding shares. On the other hand, Global X Fds-Global X Blockchain ETF held roughly 789.3 shares worth around $6.54 million, which represents about 0.37% of the total shares outstanding.
