In last trading session, IREN Ltd (NASDAQ:IREN) saw 11.56 million shares changing hands with its beta currently measuring 3.60. Company’s recent per share price level of $6.75 trading at -$0.29 or -4.12% at ring of the bell on the day assigns it a market valuation of $1.47B. That closing price of IREN’s stock is at a discount of -135.85% from its 52-week high price of $15.92 and is indicating a premium of 38.52% from its 52-week low price of $4.15. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 14.16 million shares which gives us an average trading volume of 15.45 million if we extend that period to 3-months.
For IREN Ltd (IREN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.25. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.15 in the current quarter.
IREN Ltd (NASDAQ:IREN) trade information
Upright in the red during last session for losing -4.12%, in the last five days IREN remained trading in the red while hitting it’s week-highest on Friday, 03/07/25 when the stock touched $6.75 price level, adding 13.79% to its value on the day. IREN Ltd’s shares saw a change of -31.26% in year-to-date performance and have moved -11.42% in past 5-day. IREN Ltd (NASDAQ:IREN) showed a performance of -45.65% in past 30-days. Number of shares sold short was 22.25 million shares which calculate 1.39 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 17 to the stock, which implies a rise of 60.29% to its current value. Analysts have been projecting 14 as a low price target for the stock while placing it at a high target of 20. It follows that stock’s current price would drop -107.41% in reaching the projected high whereas dropping to the targeted low would mean a loss of -107.41% for stock’s current value.
IREN Ltd (IREN) estimates and forecasts
This year revenue growth is estimated to rise 184.95% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 167.42M for the same. And 10 analysts are in estimates of company making revenue of 205.49M in the next quarter. Company posted 54.35M and 57.44M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -65.75% during past 5 years.
IREN Ltd (NASDAQ:IREN)’s Major holders
Insiders are in possession of 6.43% of company’s total shares while institution are holding 46.03 percent of that, with stock having share float percentage of 49.20%. Investors also watch the number of corporate investors in a company very closely, which is 46.03% institutions for IREN Ltd that are currently holding shares of the company. CASTLE HOOK PARTNERS LP is the top institutional holder at IREN for having 6.87 million shares of worth $77.55 million. And as of 2024-06-30, it was holding 6.8935 of the company’s outstanding shares.
The second largest institutional holder is MOORE CAPITAL MANAGEMENT, LP, which was holding about 5.46 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.4839 of outstanding shares, having a total worth of $61.69 million.
On the other hand, Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF and VanEck ETF Trust-VanEck Digital Transformation ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 2.78 shares of worth $18.8 million or 1.30% of the total outstanding shares. The later fund manager was in possession of 758.21 shares on Dec 31, 2024 , making its stake of worth around $5.12 million in the company or a holder of 0.35% of company’s stock.
