There is a good chance Iris Energy Limited (IREN) will undergo another restructuring.

After finishing at $1.89 in the prior trading day, Iris Energy Limited (NASDAQ: IREN) closed at $1.55, down -17.99%. In other words, the price has decreased by -$0.3400 from its previous closing price. On the day, 578311 shares were traded. IREN stock price reached its highest trading level at $1.8400 during the session, while it also had its lowest trading level at $1.5200.

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Our goal is to gain a better understanding of IREN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.11.

Upgrades & Downgrades

Cowen Downgraded its Outperform to Market Perform on September 23, 2022, whereas the target price for the stock was revised from $14 to $4.30.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 0.15.

Stock Price History:

Over the past 52 weeks, IREN has reached a high of $25.21, while it has fallen to a 52-week low of $1.85. The 50-Day Moving Average of the stock is 3.4487, while the 200-Day Moving Average is calculated to be 7.1956.

Shares Statistics:

The stock has traded on average 271.12K shares per day over the past 3-months and 474.48k shares per day over the last 10 days, according to various share statistics. A total of 54.98M shares are outstanding, with a floating share count of 44.72M. Insiders hold about 18.66% of the company’s shares, while institutions hold 21.80% stake in the company. Shares short for IREN as of Oct 13, 2022 were 592.2k with a Short Ratio of 0.81M, compared to 410.44k on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.08% and a Short% of Float of 1.32%.

Earnings Estimates

Its stock is currently analyzed by 3 different market analysts. The consensus estimate for the next quarter is -$0.15, with high estimates of -$0.02 and low estimates of -$0.32.

Analysts are recommending an EPS of between -$0.23 and -$0.95 for the fiscal current year, implying an average EPS of -$0.52. EPS for the following year is -$0.45, with 2 analysts recommending between -$0.3 and -$0.6.

Revenue Estimates

7 analysts predict $16.81M in revenue for the current quarter. It ranges from a high estimate of $19.12M to a low estimate of $15.5M. As of the current estimate, Iris Energy Limited’s year-ago sales were $15.18M, an estimated increase of 10.80% from the year-ago figure.

A total of 7 analysts have provided revenue estimates for IREN’s current fiscal year. The highest revenue estimate was $159.43M, while the lowest revenue estimate was $101.2M, resulting in an average revenue estimate of $128.79M. In the same quarter a year ago, actual revenue was $59.05M, up 118.10% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $200M in the next fiscal year. The high estimate is $275.49M and the low estimate is $164.8M. The average revenue growth estimate for next year is up 55.30% from the average revenue estimate for this year.