Currently, there are 64.75M common shares owned by the public and among those 49.68M shares have been available to trade.
The company’s stock has a 5-day price change of 14.65% and 118.97% over the past three months. IREN shares are trading -4.76% year to date (YTD), with the 12-month market performance up to 59.30% higher. It has a 12-month low price of $2.21 and touched a high of $9.69 over the same period. IREN has an average intraday trading volume of 6.38 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 39.11%, 19.09%, and 45.70% respectively.
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Institutional ownership of Iris Energy Ltd (NASDAQ: IREN) shares accounts for 28.41% of the company’s 64.75M shares outstanding.
It has a market capitalization of $440.95M and a beta (3y monthly) value of 3.23. The company has a debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.46% over the week and 10.79% over the month.
Analysts forecast that Iris Energy Ltd (IREN) will achieve an EPS of $The Arena Group Holdings, Inc. for the current quarter, $1.85 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Disc Medicine, Inc. while analysts give the company a high EPS estimate of $IGEN NETWORKS CORP. Comparatively, EPS for the current quarter was $IREN a year ago. Earnings per share for the fiscal year are expected to increase by 103.56%, and 589.16% over the next financial year.
Looking at the support for the IREN, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on October 11, 2023, with the firm’s price target at $6-$6.50.
