During the last session, IREN Ltd (NASDAQ:IREN)’s traded shares were 9.67 million, with the beta value of the company hitting 3.67. At the end of the trading day, the stock’s price was $6.46, reflecting an intraday loss of -3.73% or -$0.25. The 52-week high for the IREN share is $15.92, that puts it down -146.44 from that peak though still a striking 35.76% gain since the share price plummeted to a 52-week low of $4.15. The company’s market capitalization is $1.41B, and the average intraday trading volume over the past 10 days was 11.55 million shares, and the average trade volume was 15.29 million shares over the past three months.
IREN Ltd (IREN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.25. IREN has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.15.
IREN Ltd (NASDAQ:IREN) trade information
IREN Ltd (IREN) registered a -3.73% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.73% in intraday trading to $6.46, hitting a weekly high. The stock’s 5-day price performance is -10.40%, and it has moved by -23.91% in 30 days. Based on these gigs, the overall price performance for the year is 15.77%. The short interest in IREN Ltd (NASDAQ:IREN) is 20.32 million shares and it means that shorts have 1.34 day(s) to cover.
The consensus price target of analysts on Wall Street is $17, which implies an increase of 62.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $20 respectively. As a result, IREN is trading at a discount of -209.6% off the target high and -116.72% off the low.
IREN Ltd (IREN) estimates and forecasts
In the rating firms’ projections, revenue will increase 186.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 166.05M as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 203.66M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 54.35M and 57.44M respectively. In this case, analysts expect current quarter sales to grow by 205.53% and then jump by 254.58% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -65.75%. While earnings are projected to return 178.14% in 2025.
IREN Dividends
IREN Ltd is due to release its next quarterly earnings on 2025-Feb-11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
IREN Ltd (NASDAQ:IREN)’s Major holders
IREN Ltd insiders own 6.43% of total outstanding shares while institutional holders control 46.17%, with the float percentage being 49.35%. CASTLE HOOK PARTNERS LP is the largest shareholder of the company, while 245.0 institutions own stock in it. As of 2024-06-30, the company held over 6.87 million shares (or 6.8935% of all shares), a total value of $77.55 million in shares.
The next largest institutional holding, with 5.46 million shares, is of MOORE CAPITAL MANAGEMENT, LP’s that is approximately 5.4839% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $61.69 million.
