Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of IREN Ltd (NASDAQ: IREN) closed at $17.83 in the last session, down -0.78% from day before closing price of $17.97. In other words, the price has decreased by -$0.78 from its previous closing price. On the day, 13.83 million shares were traded. IREN stock price reached its highest trading level at $18.595 during the session, while it also had its lowest trading level at $17.7123.
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.
On March 13, 2025, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also lowered its target price recommendation from $15 to $12.
On December 20, 2024, BTIG Research started tracking the stock assigning a Buy rating and target price of $33.BTIG Research initiated its Buy rating on December 20, 2024, with a $33 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 4312488960 and an Enterprise Value of 4452227584. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.70 while its Price-to-Book (P/B) ratio in mrq is 2.80. Its current Enterprise Value per Revenue stands at 11.784 whereas that against EBITDA is 34.397.
Stock Price History:
The Beta on a monthly basis for IREN is 3.99, which has changed by 1.4593103 over the last 52 weeks, in comparison to a change of 0.18157876 over the same period for the S&P500. Over the past 52 weeks, IREN has reached a high of $21.54, while it has fallen to a 52-week low of $5.12. The 50-Day Moving Average of the stock is 22.46%, while the 200-Day Moving Average is calculated to be 65.86%.
Shares Statistics:
According to the various share statistics, IREN traded on average about 23.71M shares per day over the past 3-months and 17415520 shares per day over the past 10 days. A total of 240.97M shares are outstanding, with a floating share count of 224.78M. Insiders hold about 6.72% of the company’s shares, while institutions hold 57.51% stake in the company. Shares short for IREN as of 1753920000 were 26864991 with a Short Ratio of 1.13, compared to 1751241600 on 32634691. Therefore, it implies a Short% of Shares Outstanding of 26864991 and a Short% of Float of 11.58.
Earnings Estimates
At present, 2.0 analysts are actively evaluating the performance of IREN Ltd (IREN) in the stock market.The consensus estimate for the next quarter is $0.47, with high estimates of $0.47 and low estimates of $0.47.
Analysts are recommending an EPS of between $0.25 and $0.25 for the fiscal current year, implying an average EPS of $0.25. EPS for the following year is $1.74, with 2.0 analysts recommending between $2.09 and $1.38.
Revenue Estimates
According to 11 analysts, the current quarter’s revenue is expected to be $187.51M. It ranges from a high estimate of $197.27M to a low estimate of $175.2M. As of the current estimate, IREN Ltd’s year-ago sales were $57.44MFor the next quarter, 11 analysts are estimating revenue of $240.01M. There is a high estimate of $266.86M for the next quarter, whereas the lowest estimate is $206.9M.
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 $497.3M, resulting in an average revenue estimate of $510.51M. In the same quarter a year ago, actual revenue was $188.76MBased on 10 analysts’ estimates, the company’s revenue will be $941.3M in the next fiscal year. The high estimate is $1.08B and the low estimate is $810.4M.
