With 19.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 16.6 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $13.76 whereas the lowest price it dropped to was $12.2. The 52-week range on IREN shows that it touched its highest point at $15.75 and its lowest point at $3.56 during that stretch. It currently has a 1-year price target of $17.33. Beta for the stock currently stands at 3.48.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IREN was up-trending over the past week, with a rise of 38.99%, but this was up by 30.91% over a month. Three-month performance surged to 70.80% while six-month performance rose 73.43%. The stock gained 179.13% in the past year, while it has gained 88.95% so far this year. A look at the trailing 12-month EPS for IREN yields -0.41 with Next year EPS estimates of 1.32. For the next quarter, that number is 0.04. This implies an EPS growth rate of 237.99% for this year and 231.11% for next year.
Float and Shares Shorts:
At present, 186.37 million IREN shares are outstanding with a float of 172.48 million shares on hand for trading. On 2024-11-15, short shares totaled 10.16 million, which was 537.0 higher than short shares on 1728950400. In addition to Mr. William Roberts as the firm’s Co-Founder, Co-CEO & Director, Mr. Daniel Roberts serves as its Co-Founder, Co-CEO & Director.
Institutional Ownership:
Through their ownership of 0.32421002 of IREN’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, IREN reported revenue of $54390000.0 and operating income of -$39142000.0. The EBITDA in the recently reported quarter was -$2918000.0 and diluted EPS was -$0.27.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IREN since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With IREN analysts setting a high price target of 26.0 and a low target of 9.5, the average target price over the next 12 months is 17.33333. Based on these targets, IREN could surge 92.45% to reach the target high and fall by -29.68% to reach the target low. Reaching the average price target will result in a growth of 28.3% from current levels.
Analysts have provided yearly estimates in a range of $0.00281506 being high and $0.00124229 being low. For IREN, this leads to a yearly average estimate of $0.001885.
