In today’s recent session, 3.3 million shares of the IREN Ltd (NASDAQ:IREN) have been traded, and its beta is 3.68. Most recently the company’s share price was $6.27, and it changed around $0.08 or 1.35% from the last close, which brings the market valuation of the company to $1.40B. IREN at last check was trading at a discount to its 52-week high of $15.92, offering almost -153.91% off that amount. The share price’s 52-week low was $4.65, which indicates that the recent value has risen by an impressive 25.84% since then.
IREN Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.25. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended IREN as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight.
IREN Ltd (NASDAQ:IREN) trade information
Instantly IREN has been showing a green trend so far today with a performance of 1.35% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.63 on recent trading dayincreased the stock’s daily price by 5.43%. The company’s shares are currently down -36.12% year-to-date, but still up 0.05% over the last five days. On the other hand, IREN Ltd (NASDAQ:IREN) is 5.61% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $20, which translates to bulls needing to increase their stock price by 68.65% from its current value. Analyst projections state that IREN is forecast to be at a low of $20 and a high of $20.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -65.75%.
IREN Dividends
IREN Ltd’s next quarterly earnings report is expected to be released on 2025-Feb-11.
IREN Ltd (NASDAQ:IREN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.14% of IREN Ltd shares, and 50.41% of them are in the hands of institutional investors. The stock currently has a share float of 53.71%. IREN Ltd stock is held by 245.0 institutions, with CASTLE HOOK PARTNERS LP being the largest institutional investor. By 2024-06-30, it held 6.8935% of the shares, which is about 6.87 million shares worth $77.55 million.
MOORE CAPITAL MANAGEMENT, LP, with 5.4839% or 5.46 million shares worth $61.69 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF and VanEck ETF Trust-VanEck Digital Transformation ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 2.78 shares worth $17.67 million, making up 1.30% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Digital Transformation ETF held roughly 918.74 shares worth around $5.83 million, which represents about 0.43% of the total shares outstanding.
