Currently, there are 197.13M common shares owned by the public and among those 179.61M shares have been available to trade.
The company’s stock has a 5-day price change of -19.12% and 25.28% over the past three months. IREN shares are trading 57.34% year to date (YTD), with the 12-month market performance up to 46.48% higher. It has a 12-month low price of $3.56 and touched a high of $15.92 over the same period. IREN has an average intraday trading volume of 17.78 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 -12.62%, 0.89%, and 27.81% respectively.
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Institutional ownership of IREN Ltd (NASDAQ: IREN) shares accounts for 27.92% of the company’s 197.13M shares outstanding.
It has a market capitalization of $2.28B and a beta (3y monthly) value of 3.57. The earnings-per-share (ttm) stands at -$0.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.03% over the week and 11.78% over the month.
Earnings per share for the fiscal year are expected to increase by 189.63%, and 443.98% over the next financial year.
Looking at the support for the IREN, a number of firms have released research notes about the stock. BTIG Research stated their Buy rating for the stock in a research note on December 20, 2024, with the firm’s price target at $33. JP Morgan coverage for the IREN Ltd (IREN) stock in a research note released on December 10, 2024 offered a Neutral rating with a price target of $15. Bernstein on their part issued Outperform rating on July 10, 2024.