IREN Ltd (NASDAQ:IREN) has a beta value of 3.99 and has seen 42.06 million shares traded in the last trading session. The company, currently valued at $4.16B, closed the last trade at $17.28 per share which meant it gained $1.05 on the day or 6.47% during that session. The IREN stock price is -7.29% off its 52-week high price of $18.54 and 70.37% above the 52-week low of $5.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 34.47 million shares traded. The 3-month trading volume is 19.76 million shares.
The consensus among analysts is that IREN Ltd (IREN) is Buy stock at the moment, with a recommendation rating of 1.25. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 7 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.25.
IREN Ltd (NASDAQ:IREN) trade information
Sporting 6.47% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the IREN stock price touched $17.28 or saw a rise of 7.3%. Year-to-date, IREN Ltd shares have moved 33.95%, while the 5-day performance has seen it change 1.95%. Over the past 30 days, the shares of IREN Ltd (NASDAQ:IREN) have changed 67.77%. Short interest in the company has seen 28.68 million shares shorted with days to cover at 1.66.
Wall Street analysts have a consensus price target for the stock at $20, which means that the shares’ value could jump 13.6% from current levels. The projected low price target is $20.0 while the price target rests at a high of $20.0. In that case, then, we find that the current price level is -15.74% off the targeted high while a plunge would see the stock gain -15.74% from current levels.
IREN Ltd (IREN) estimates and forecasts
The company’s shares have gained 64.41% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 164.90%.
10 analysts offering their estimates for the company have set an average revenue estimate of 176.37M for the current quarter. 7 have an estimated revenue figure of 214.19M for the next ending quarter. Year-ago sales stood 57.44M and 54.39M respectively for this quarter and the next, and analysts expect sales will grow by 207.06% for the current quarter and 164.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -65.75% over the past 5 years.
IREN Dividends
IREN Ltd is expected to release its next earnings report on 2025-May-14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
IREN Ltd (NASDAQ:IREN)’s Major holders
Insiders own 4.39% of the company shares, while shares held by institutions stand at 59.45% with a share float percentage of 62.18%. Investors are also buoyed by the number of investors in a company, with IREN Ltd having a total of 226.0 institutions that hold shares in the company. The top two institutional holders are CASTLE HOOK PARTNERS LP with over 6.87 million shares worth more than $77.55 million. As of 2024-06-30, CASTLE HOOK PARTNERS LP held 6.8935% of shares outstanding.
The other major institutional holder is MOORE CAPITAL MANAGEMENT, LP, with the holding of over 5.46 million shares as of 2024-06-30. The firm’s total holdings are worth over $61.69 million and represent 5.4839% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Valkyrie ETF Trust II-Valkyrie Bitcoin Miners ETF and Manager Directed Portfolios-Hood River Small-Cap Growth Fund . As of Mar 31, 2025 , the former fund manager holds about 1.25% shares in the company for having 2.68 shares of worth $46.31 million while later fund manager owns 1.54 shares of worth $26.67 million as of Apr 30, 2025 , which makes it owner of about 0.72% of company’s outstanding stock.
