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The price of Iris Energy Ltd (NASDAQ: IREN) closed at $10.67 in the last session, up 3.29% from day before closing price of $10.33. In other words, the price has increased by $3.29 from its previous closing price. On the day, 12.87 million shares were traded. IREN stock price reached its highest trading level at $10.825 during the session, while it also had its lowest trading level at $10.12.
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 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:
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:
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 2020321792 and an Enterprise Value of 1610846720. Its current Enterprise Value per Revenue stands at 8.534 whereas that against EBITDA is 69.26.
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 19.14%, while the 200-Day Moving Average is calculated to be 33.40%.
Shares Statistics:
According to the various share statistics, IREN traded on average about 15.52M shares per day over the past 3-months and 19320480 shares per day over the past 10 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 29.14% stake in the company. Shares short for IREN as of 1730332800 were 9941360 with a Short Ratio of 0.64, compared to 1727654400 on 9299369. Therefore, it implies a Short% of Shares Outstanding of 9941360 and a Short% of Float of 5.54.
