Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of IREN Ltd (NASDAQ: IREN) closed at $8.89 in the last session, up 3.25% from day before closing price of $8.61. In other words, the price has increased by $3.25 from its previous closing price. On the day, 20.47 million shares were traded.
Ratios:
We take a closer look at IREN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.46 and its Current Ratio is at 0.46. 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 March 13, 2025, Upgraded its rating to Overweight and sets its target price to $12 from $15 previously.
On December 20, 2024, BTIG Research started tracking the stock assigning a Buy rating and target price of $33.
JP Morgan Downgraded its Overweight to Neutral on December 10, 2024, whereas the target price for the stock was revised from $9.50 to $15.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 17 ’24 when Christopher Guzowski bought 28,970 shares for $7.73 per share.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 5.83 while its Price-to-Book (P/B) ratio in mrq is 1.39.
Stock Price History:
Over the past 52 weeks, IREN has reached a high of $15.92, while it has fallen to a 52-week low of $5.12. The 50-Day Moving Average of the stock is 33.11%, while the 200-Day Moving Average is calculated to be -2.07%.
Shares Statistics:
A total of 240.97M shares are outstanding, with a floating share count of 227.74M. Insiders hold about 5.49% of the company’s shares, while institutions hold 51.48% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from 1.0 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 $0.15 and $0.15 for the fiscal current year, implying an average EPS of $0.15. EPS for the following year is $0.72, with 1.0 analysts recommending between $0.72 and $0.72.
Revenue Estimates
According to 11 analysts, the current quarter’s revenue is expected to be $171.95M. It ranges from a high estimate of $205.8M to a low estimate of $122.09M. As of the current estimate, IREN Ltd’s year-ago sales were $57.44MFor the next quarter, 11 analysts are estimating revenue of $207.09M. There is a high estimate of $242.07M for the next quarter, whereas the lowest estimate is $188M.
A total of 12 analysts have provided revenue estimates for IREN’s current fiscal year. The highest revenue estimate was $527.8M, while the lowest revenue estimate was $444.16M, resulting in an average revenue estimate of $494.84M. In the same quarter a year ago, actual revenue was $188.76MBased on 10 analysts’ estimates, the company’s revenue will be $844.51M in the next fiscal year. The high estimate is $965.2M and the low estimate is $766.3M.
