Iris Energy Ltd (IREN) concluded trading on Wednesday at a closing price of $4.12, with 5.92 million shares of worth about $24.41 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -28.84% during that period and on Wednesday February 7 the price saw a gain of about 7.29%. Currently the company’s common shares owned by public are about 64.75M shares, out of which, 50.07M shares are available for trading.
Stock saw a price change of 5.10% in past 5 days and over the past one month there was a price change of -35.83%. Year-to-date (YTD), IREN shares are showing a performance of -42.38% which increased to 86.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.73 but also hit the highest price of $9.69 during that period. The average intraday trading volume for Iris Energy Ltd shares is 5.02 million. The stock is currently trading -8.88% below its 20-day simple moving average (SMA20), while that difference is down -24.63% for SMA50 and it goes to -10.23% lower than SMA200.
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Iris Energy Ltd (NASDAQ: IREN) currently have 64.75M outstanding shares and institutions hold larger chunk of about 20.30% of that.
The stock has a current market capitalization of $274.06M and its 3Y-monthly beta is at 2.84. It has a debt-to-equity ratio of 0.41. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IREN, volatility over the week remained 8.94% while standing at 10.14% over the month.
Analysts are in expectations that Iris Energy Ltd (IREN) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is -$0.04 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$ in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 103.52% while it is estimated to increase by 696.12% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on October 11, 2023 offering an Overweight rating for the stock and assigned a target price range of between $6 and $6.50 to it.
