Currently, there are 184.88M common shares owned by the public and among those 164.78M shares have been available to trade.
The company’s stock has a 5-day price change of -18.10% and 147.69% over the past three months. IREN shares are trading 72.17% year to date (YTD), with the 12-month market performance up to 76.87% higher. It has a 12-month low price of $2.79 and touched a high of $15.75 over the same period. IREN has an average intraday trading volume of 14.18 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 -7.08%, 30.47%, and 105.03% respectively.
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Institutional ownership of Iris Energy Ltd (NASDAQ: IREN) shares accounts for 15.99% of the company’s 184.88M shares outstanding.
It has a market capitalization of $2.28B and a beta (3y monthly) value of 3.47. 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 17.87% over the week and 12.49% over the month.
Earnings per share for the fiscal year are expected to increase by 100.62%, and 5891.70% over the next financial year.
Looking at the support for the IREN, a number of firms have released research notes about the stock. Bernstein stated their Outperform rating for the stock in a research note on July 10, 2024, with the firm’s price target at $26. Cantor Fitzgerald coverage for the Iris Energy Ltd (IREN) stock in a research note released on June 11, 2024 offered a Overweight rating with a price target of $23. JP Morgan was of a view on October 11, 2023 that the stock is Overweight, while Cantor Fitzgerald gave the stock Overweight rating on May 12, 2023, issuing a price target of $4- $7. B. Riley Securities on their part issued Buy rating on April 06, 2023.
