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As of close of business last night, Iris Energy Ltd’s stock clocked out at $8.12, up 1.88% from its previous closing price of $7.97. In other words, the price has increased by $1.88 from its previous closing price. On the day, 10.76 million shares were traded. IREN stock price reached its highest trading level at $8.31 during the session, while it also had its lowest trading level at $7.78.
Ratios:
To gain a deeper understanding of IREN’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Bernstein on July 10, 2024, initiated with a Outperform rating and assigned the stock a target price of $26.
JP Morgan Upgraded its Neutral to Overweight on October 11, 2023, whereas the target price for the stock was revised from $6 to $6.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IREN now has a Market Capitalization of 1517067776 and an Enterprise Value of 878367104. Its current Enterprise Value per Revenue stands at 5.306 whereas that against EBITDA is 52.487.
Stock Price History:
Over the past 52 weeks, IREN has reached a high of $15.75, while it has fallen to a 52-week low of $2.79. The 50-Day Moving Average of the stock is -26.50%, while the 200-Day Moving Average is calculated to be 19.58%.
Shares Statistics:
It appears that IREN traded 17.54M shares on average per day over the past three months and 11524130 shares per day over the past ten days. A total of 184.88M shares are outstanding, with a floating share count of 169.11M. Insiders hold about 8.53% of the company’s shares, while institutions hold 40.91% stake in the company. Shares short for IREN as of 1722384000 were 6566987 with a Short Ratio of 0.37, compared to 1719532800 on 6059228. Therefore, it implies a Short% of Shares Outstanding of 6566987 and a Short% of Float of 3.73.
Earnings Estimates
The current rating of Iris Energy Ltd (IREN) reflects the combined expertise of 6.0 analysts actively engaged in assessing its market performance.The consensus estimate for the next quarter is $0.09, with high estimates of $0.21 and low estimates of $0.01.
Analysts are recommending an EPS of between $0.02 and -$0.07 for the fiscal current year, implying an average EPS of -$0.03. EPS for the following year is $1.17, with 8.0 analysts recommending between $1.85 and $0.54.
Revenue Estimates
For the next quarter, 5 analysts are estimating revenue of $82.25M. There is a high estimate of $113.62M for the next quarter, whereas the lowest estimate is $67.6M.
A total of 7 analysts have provided revenue estimates for IREN’s current fiscal year. The highest revenue estimate was $207M, while the lowest revenue estimate was $184.8M, resulting in an average revenue estimate of $193.01M. In the same quarter a year ago, actual revenue was $75.51MBased on 7 analysts’ estimates, the company’s revenue will be $612.84M in the next fiscal year. The high estimate is $904.06M and the low estimate is $400.6M.
