Currently, there are 144.63M common shares owned by the public and among those 128.91M shares have been available to trade.
The company’s stock has a 5-day price change of 27.48% and 160.94% over the past three months. IREN shares are trading 110.21% year to date (YTD), with the 12-month market performance up to 156.48% higher. It has a 12-month low price of $2.79 and touched a high of $14.95 over the same period. IREN has an average intraday trading volume of 13.12 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 19.81%, 74.38%, and 160.17% respectively.
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Institutional ownership of Iris Energy Ltd (NASDAQ: IREN) shares accounts for 20.36% of the company’s 144.63M shares outstanding.
It has a market capitalization of $2.17B and a beta (3y monthly) value of 3.50. 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 12.33% over the week and 11.87% over the month.
Earnings per share for the fiscal year are expected to increase by 100.84%, and 4288.86% over the next financial year.
Looking at the support for the IREN, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Overweight rating for the stock in a research note on June 11, 2024, with the firm’s price target at $23. JP Morgan coverage for the Iris Energy Ltd (IREN) stock in a research note released on October 11, 2023 offered a Overweight rating with a price target of $6.50. Cantor Fitzgerald was of a view on May 12, 2023 that the stock is Overweight, while B. Riley Securities gave the stock Buy rating on April 06, 2023, issuing a price target of $4. H.C. Wainwright on their part issued Buy rating on February 16, 2023.
