In the last trading session, 9.76 million IREN Ltd (NASDAQ:IREN) shares changed hands as the company’s beta touched 3.61. With the company’s per share price at $7.35 changed hands at $0.14 or 1.94% during last session, the market valuation stood at $1.60B. IREN’s last price was a discount, traded about -116.6% 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 43.54% up since then. When we look at IREN Ltd’s average trading volume, we note the 10-day average is 13.05 million shares, with the 3-month average coming to 15.40 million.
Analysts gave the IREN Ltd (IREN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. 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 0.15.
IREN Ltd (NASDAQ:IREN) trade information
Instantly IREN was in green as seen at the end of in last trading. With action 11.03%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -25.15%, with the 5-day performance at 11.03% in the green. However, in the 30-day time frame, IREN Ltd (NASDAQ:IREN) is -43.81% down. Looking at the short shares, we see there were 22.25 million shares sold at short interest cover period of 1.39 days.
The consensus price target for the stock as assigned by Wall Street analysts is 17, meaning bulls need an upside of 56.76% from its current market value. According to analyst projections, IREN’s forecast low is 14 with 20 as the target high. To hit the forecast high, the stock’s price needs a -172.11% plunge from its current level, while the stock would need to soar -90.48% for it to hit the projected low.
IREN Ltd (IREN) estimates and forecasts
Year-over-year growth is forecast to reach 188.95% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 167.42M. 10 analysts are of the opinion that IREN Ltd’s revenue for the current quarter will be 205.49M. 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 208.05%. The estimates for the next quarter sales put growth at 257.77%.
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 188.59%.
IREN Dividends
IREN Ltd is expected to release its next quarterly earnings report on 2025-Feb-11.
IREN Ltd (NASDAQ:IREN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.43% of IREN Ltd shares while 46.13% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 49.30%. There are 46.13% institutions holding the IREN Ltd stock share, with CASTLE HOOK PARTNERS LP the top institutional holder. As of 2024-06-30, the company held 6.8935% of the shares, roughly 6.87 million IREN shares worth $77.55 million.
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 Dec 31, 2024 were Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF and Global X Fds-Global X Blockchain ETF . With 2.78 shares estimated at $20.47 million under it, the former controlled 1.30% of total outstanding shares. On the other hand, Global X Fds-Global X Blockchain ETF held about 0.38% of the shares, roughly 815.32 shares worth around $5.99 million.
