During the last session, IREN Ltd (NASDAQ:IREN)’s traded shares were 16.75 million, with the beta value of the company hitting 3.68. At the end of the trading day, the stock’s price was $6.89, reflecting an intraday gain of 4.87% or $0.32. The 52-week high for the IREN share is $15.92, that puts it down -131.06 from that peak though still a striking 32.51% gain since the share price plummeted to a 52-week low of $4.65. The company’s market capitalization is $1.54B, and the average trade volume was 13.94 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.
IREN Ltd (NASDAQ:IREN) trade information
IREN Ltd (IREN) registered a 4.87% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.87% in intraday trading to $6.89, hitting a weekly high. The stock’s 5-day price performance is 8.16%, and it has moved by 30.00% in 30 days. Based on these gigs, the overall price performance for the year is 30.00%.
The consensus price target of analysts on Wall Street is $20, which implies an increase of 65.55% 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 -190.28% off the target high and -190.28% off the low.
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 136.43% in 2025.
IREN Dividends
IREN Ltd is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
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 $19.19 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 $6.33 million.
