IREN Ltd (NASDAQ:IREN) has a beta value of 3.63 and has seen 15.19 million shares traded in the last trading session. The company, currently valued at $1.44B, closed the last trade at $6.62 per share which meant it lost -$1.08 on the day or -14.03% during that session. The IREN stock price is -140.48% off its 52-week high price of $15.92 and 37.31% above the 52-week low of $4.15.
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 0.18.
IREN Ltd (NASDAQ:IREN) trade information
Sporting -14.03% in the red in last session, 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 $6.62 or saw a rise of 20.14%. Year-to-date, IREN Ltd shares have moved -32.59%, while the 5-day performance has seen it change -12.55%. Over the past 30 days, the shares of IREN Ltd (NASDAQ:IREN) have changed -42.88%.
Wall Street analysts have a consensus price target for the stock at $14, which means that the shares’ value could jump 52.71% from current levels. The projected low price target is $12.0 while the price target rests at a high of $20.0. In that case, then, we find that the current price level is -202.11% off the targeted high while a plunge would see the stock gain -81.27% from current levels.
IREN Ltd (IREN) estimates and forecasts
The company’s shares have lost -2.22% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 191.46%.
11 analysts offering their estimates for the company have set an average revenue estimate of 169.47M for the current quarter. 11 have an estimated revenue figure of 208.54M for the next ending quarter. Year-ago sales stood 54.35M and 57.44M respectively for this quarter and the next, and analysts expect sales will grow by 211.83% for the current quarter and 191.46% 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 April 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 VanEck ETF Trust-VanEck Digital Transformation ETF . As of Dec 31, 2024 , the former fund manager holds about 1.30% shares in the company for having 2.78 shares of worth $18.43 million while later fund manager owns 758.21 shares of worth $5.02 million as of Dec 31, 2024 , which makes it owner of about 0.35% of company’s outstanding stock.
