Iris Energy Ltd (NASDAQ: IREN) closed the day trading at $5.69 up 1.97% from the previous closing price of $5.58. In other words, the price has increased by $+0.11 from its previous closing price. On the day, 9588792 shares were traded.
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Ratios:
For a better understanding of IREN, let’s look at 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 the company, JP Morgan on October 11, 2023, Upgraded its rating to Overweight and sets its target price to $6.50 from $6 previously.
On May 12, 2023, Cantor Fitzgerald Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $4 to $7.
On April 06, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $4.B. Riley Securities initiated its Buy rating on April 06, 2023, with a $4 target price.
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 625.31M and an Enterprise Value of 535.08M. Its current Enterprise Value per Revenue stands at 4.39 whereas that against EBITDA is 65.87.
Stock Price History:
The Beta on a monthly basis for IREN is 3.05, which has changed by 89.67% over the last 52 weeks, in comparison to a change of 29.19% over the same period for the S&P500. Over the past 52 weeks, IREN has reached a high of $9.69, while it has fallen to a 52-week low of $2.61. The 50-Day Moving Average of the stock is 5.28, while the 200-Day Moving Average is calculated to be 4.94.
Shares Statistics:
Over the past 3-months, IREN traded about 8.59M shares per day on average, while over the past 10 days, IREN traded about 9.76M shares per day. A total of 109.90M shares are outstanding, with a floating share count of 93.06M. Insiders hold about 15.32% of the company’s shares, while institutions hold 16.91% stake in the company. Shares short for IREN as of Feb 29, 2024 were 2.46M with a Short Ratio of 0.29, compared to 2.91M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.37% and a Short% of Float of 2.65%.
Earnings Estimates
Current recommendations for the stock of the company come from 0 analysts. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is -$0.06, with 7 analysts recommending between $0.33 and -$0.27.
Revenue Estimates
A total of 6 analysts have provided revenue estimates for IREN’s current fiscal year. The highest revenue estimate was $82.02M, while the lowest revenue estimate was $70.6M, resulting in an average revenue estimate of $75.51M. In the same quarter a year ago, actual revenue was $59.05M, up 27.90% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $180.28M in the next fiscal year. The high estimate is $209M and the low estimate is $148.8M. The average revenue growth estimate for next year is up 138.80% from the average revenue estimate for this year.
