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 1.03% and 32.60% over the past three months. IREN shares are trading 50.77% year to date (YTD), with the 12-month market performance up to 241.14% higher. It has a 12-month low price of $2.84 and touched a high of $15.75 over the same period. IREN has an average intraday trading volume of 15.96 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 3.20%, 16.69%, and 32.23% respectively.
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Institutional ownership of Iris Energy Ltd (NASDAQ: IREN) shares accounts for 29.18% of the company’s 186.37M shares outstanding.
It has a market capitalization of $2.25B and a beta (3y monthly) value of 3.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.05% over the week and 10.45% over the month.
Earnings per share for the fiscal year are expected to increase by 260.40%, and 106.24% over the next financial year.
Looking at the support for the IREN, a number of firms have released research notes about the stock. ROTH MKM stated their Buy rating for the stock in a research note on October 02, 2024, with the firm’s price target at $14. Bernstein was of a view on July 10, 2024 that the stock is Outperform, while Cantor Fitzgerald gave the stock Overweight rating on June 11, 2024, issuing a price target of $23. JP Morgan on their part issued Overweight rating on October 11, 2023.
