In the latest trading session,, 6.05 million IREN Ltd (NASDAQ:IREN) shares changed hands as the company’s beta touched 3.75. With the company’s most recent per share price at $8.62 changing hands around $0.21 or 2.56% at last look, the market valuation stands at $1.93B. IREN’s current price is a discount, trading about -84.69% off its 52-week high of $15.92. The share price had its 52-week low at $5.12, which suggests the last value was 40.6% up since then.
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 (NASDAQ:IREN) trade information
Instantly IREN is in green as seen in intraday trades today. With action 14.85%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -12.17%, with the 5-day performance at 14.85% in the green. However, in the 30-day time frame, IREN Ltd (NASDAQ:IREN) is 54.29% up.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need an upside of 56.9% from its recent market value. According to analyst projections, IREN’s forecast low is 20 with 20 as the target high. To hit the forecast high, the stock’s price needs a -132.02% plunge from its current level, while the stock would need to soar -132.02% for it to hit the projected low.
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 116.22%.
IREN Dividends
IREN Ltd is expected to release its next quarterly earnings report in June.
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 Trust II-Valkyrie Bitcoin Miners ETF and Manager Directed Portfolios-Hood River Small-Cap Growth Fund . With 2.78 shares estimated at $24.06 million under it, the former controlled 1.30% of total outstanding shares. On the other hand, Manager Directed Portfolios-Hood River Small-Cap Growth Fund held about 0.72% of the shares, roughly 1.54 shares worth around $13.33 million.
