Currently, there are 64.75M common shares owned by the public and among those 49.68M shares have been available to trade.
However, the script later moved the day high at 5.82, down -0.19%. The company’s stock has a 5-day price change of -10.68% and -0.93% over the past three months. IREN shares are trading -25.17% year to date (YTD), with the 12-month market performance up to 110.63% 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 7.96 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 -15.90%, -7.28%, and 10.50% respectively.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Institutional ownership of Iris Energy Ltd (NASDAQ: IREN) shares accounts for 28.69% of the company’s 64.75M shares outstanding.
It has a market capitalization of $346.41M and a beta (3y monthly) value of 3.06. 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 10.58% over the week and 12.26% over the month.
Analysts forecast that Iris Energy Ltd (IREN) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and -$0.05 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 97.14%, and 951.51% 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. Cantor Fitzgerald coverage for the Iris Energy Ltd (IREN) stock in a research note released on May 12, 2023 offered a Overweight rating with a price target of $7. B. Riley Securities was of a view on April 06, 2023 that the stock is Buy, while H.C. Wainwright gave the stock Buy rating on February 16, 2023, issuing a price target of $3- $8. Cantor Fitzgerald on their part issued Neutral rating on November 08, 2022.
