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In the latest session, Iris Energy Ltd (NASDAQ: IREN) closed at $11.29 down -4.24% from its previous closing price of $11.79. In other words, the price has decreased by -$4.24 from its previous closing price. On the day, 8.28 million shares were traded. IREN stock price reached its highest trading level at $11.84 during the session, while it also had its lowest trading level at $11.21.
Ratios:
For a deeper understanding of Iris Energy Ltd’s stock, let’s take a closer look at its various ratios. 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 1654933376 and an Enterprise Value of 1323326720. Its current Enterprise Value per Revenue stands at 7.994 whereas that against EBITDA is 79.075.
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 41.86%, while the 200-Day Moving Average is calculated to be 101.41%.
Shares Statistics:
For the past three months, IREN has traded an average of 13.16M shares per day and 16196390 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 1718323200 were 7886148 with a Short Ratio of 0.60, compared to 1715731200 on 5061142. Therefore, it implies a Short% of Shares Outstanding of 7886148 and a Short% of Float of 5.82.
