Currently, there are 213.50M common shares owned by the public and among those 211.29M shares have been available to trade.
The company’s stock has a 5-day price change of -3.45% and -48.15% over the past three months. IREN shares are trading -40.12% year to date (YTD), with the 12-month market performance up to 2.08% higher. It has a 12-month low price of $4.15 and touched a high of $15.92 over the same period. IREN has an average intraday trading volume of 15.39 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 -13.04%, -33.88%, and -40.43% respectively.
Institutional ownership of IREN Ltd (NASDAQ: IREN) shares accounts for 42.69% of the company’s 213.50M shares outstanding.
It has a market capitalization of $1.31B and a beta (3y monthly) value of 3.38. The earnings-per-share (ttm) stands at -$0.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.81% over the week and 9.35% over the month.
Analysts forecast that IREN Ltd (IREN) will achieve an EPS of 0.13 for the current quarter, 0.21 for the next quarter and 1.26 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.12 while analysts give the company a high EPS estimate of 0.12. Comparatively, EPS for the current quarter was 0.0 a year ago. Earnings per share for the fiscal year are expected to increase by 163.78%, and 454.43% over the next financial year.
Looking at the support for the IREN, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on March 13, 2025, with the firm’s price target at $15-$12. BTIG Research coverage for the IREN Ltd (IREN) stock in a research note released on December 20, 2024 offered a Buy rating with a price target of $33. JP Morgan was of a view on December 10, 2024 that the stock is Neutral, while ROTH MKM gave the stock Buy rating on October 02, 2024, issuing a price target of $14. Needham on their part issued Hold rating on September 04, 2024.
