During the last session, IREN Ltd (NASDAQ:IREN)’s traded shares were 12.42 million, with the beta value of the company hitting 3.67. At the end of the trading day, the stock’s price was $5.47, reflecting an intraday gain of 0.37% or $0.02. The 52-week high for the IREN share is $15.92, that puts it down -191.04 from that peak though still a striking 24.13% gain since the share price plummeted to a 52-week low of $4.15. The company’s market capitalization is $1.22B, and the average intraday trading volume over the past 10 days was 15.12 million shares, and the average trade volume was 15.62 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 0.13.
IREN Ltd (NASDAQ:IREN) trade information
IREN Ltd (IREN) registered a 0.37% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.37% in intraday trading to $5.47, hitting a weekly high. The stock’s 5-day price performance is -7.29%, and it has moved by -17.00% in 30 days. Based on these gigs, the overall price performance for the year is 26.33%. The short interest in IREN Ltd (NASDAQ:IREN) is 20.8 million shares and it means that shorts have 1.62 day(s) to cover.
The consensus price target of analysts on Wall Street is $20, which implies an increase of 72.65% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20 and $20 respectively. As a result, IREN is trading at a discount of -265.63% off the target high and -265.63% off the low.
IREN Ltd (IREN) estimates and forecasts
In the rating firms’ projections, revenue will increase 179.97% 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 160.21M as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 196.57M 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 194.78% and then jump by 242.23% 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 163.78% 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 6.14% of total outstanding shares while institutional holders control 49.42%, with the float percentage being 52.65%. CASTLE HOOK PARTNERS LP is the largest shareholder of the company, while 247.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of IREN Ltd (IREN) shares are Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF and VanEck ETF Trust-VanEck Digital Transformation ETF . Data provided on Dec 31, 2024 indicates that Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF owns about 2.78 shares. This amounts to just over 1.30 percent of the company’s overall shares, with a $15.23 million market value. The same data shows that the other fund manager holds slightly less at 918.74, or about 0.43% of the stock, which is worth about $5.03 million.
