Financial Metrics Exploration: Understanding Iris Energy Ltd (IREN) Through Ratios

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The closing price of Iris Energy Ltd (NASDAQ: IREN) was $13.28 for the day, down -4.46% from the previous closing price of $13.90. In other words, the price has decreased by -$4.46 from its previous closing price. On the day, 18.08 million shares were traded. IREN stock price reached its highest trading level at $13.45 during the session, while it also had its lowest trading level at $12.71.

Ratios:

Our analysis of IREN’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

On October 11, 2023, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $6 to $6.50.

Cantor Fitzgerald Upgraded its Neutral to Overweight on May 12, 2023, whereas the target price for the stock was revised from $4 to $7.

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 1946635520 and an Enterprise Value of 1602654592. Its current Enterprise Value per Revenue stands at 9.682 whereas that against EBITDA is 95.767.

Stock Price History:

Over the past 52 weeks, IREN has reached a high of $14.95, while it has fallen to a 52-week low of $2.79. The 50-Day Moving Average of the stock is 85.38%, while the 200-Day Moving Average is calculated to be 145.84%.

Shares Statistics:

IREN traded an average of 12.80M shares per day over the past three months and 23462920 shares per day over the past ten days. A total of 144.63M shares are outstanding, with a floating share count of 128.91M. Insiders hold about 10.87% of the company’s shares, while institutions hold 20.33% stake in the company. Shares short for IREN as of 1715731200 were 5061142 with a Short Ratio of 0.22, compared to 1713139200 on 4243995. Therefore, it implies a Short% of Shares Outstanding of 5061142 and a Short% of Float of 3.73.

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