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The closing price of Iris Energy Ltd (NASDAQ: IREN) was $12.40 for the day, down -2.75% from the previous closing price of $12.75. In other words, the price has decreased by -$2.75 from its previous closing price. On the day, 18.83 million shares were traded. IREN stock price reached its highest trading level at $12.41 during the session, while it also had its lowest trading level at $11.655.
Ratios:
Our analysis of IREN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 8.87 and its Current Ratio is at 8.87. 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, ROTH MKM on October 02, 2024, initiated with a Buy rating and assigned the stock a target price of $14.
On July 10, 2024, Bernstein started tracking the stock assigning a Outperform rating and target price of $26.Bernstein initiated its Outperform rating on July 10, 2024, with a $26 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
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 2347890432 and an Enterprise Value of 1938415360. Its current Enterprise Value per Revenue stands at 10.269 whereas that against EBITDA is 83.344.
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 42.25%, while the 200-Day Moving Average is calculated to be 56.98%.
Shares Statistics:
IREN traded an average of 14.85M shares per day over the past three months and 18394570 shares per day over the past ten days. A total of 186.37M shares are outstanding, with a floating share count of 172.03M. Insiders hold about 8.42% of the company’s shares, while institutions hold 41.81% stake in the company. Shares short for IREN as of 1728950400 were 10703910 with a Short Ratio of 0.67, compared to 1726185600 on 7435772. Therefore, it implies a Short% of Shares Outstanding of 10703910 and a Short% of Float of 5.96.
