Currently, there are 186.37M common shares owned by the public and among those 172.03M shares have been available to trade.
The company’s stock has a 5-day price change of 2.59% and -37.21% over the past three months. IREN shares are trading 10.91% year to date (YTD), with the 12-month market performance up to 105.44% 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 15.48 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 4.89%, -7.40%, and 8.82% respectively.
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Institutional ownership of Iris Energy Ltd (NASDAQ: IREN) shares accounts for 41.93% of the company’s 186.37M shares outstanding.
It has a market capitalization of $1.49B and a beta (3y monthly) value of 3.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.06% over the week and 8.59% over the month.
Analysts forecast that Iris Energy Ltd (IREN) will achieve an EPS of -0.05 for the current quarter, 0.07 for the next quarter and 0.36 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.09 while analysts give the company a high EPS estimate of -0.09. Comparatively, EPS for the current quarter was -0.07 a year ago. Earnings per share for the fiscal year are expected to increase by 281.07%, and 56.08% over the next financial year.
Bernstein coverage for the Iris Energy Ltd (IREN) stock in a research note released on July 10, 2024 offered a Outperform rating with a price target of $26. Cantor Fitzgerald was of a view on June 11, 2024 that the stock is Overweight, while JP Morgan gave the stock Overweight rating on October 11, 2023, issuing a price target of $6- $6.50. Cantor Fitzgerald on their part issued Overweight rating on May 12, 2023.
