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The closing price of IREN Ltd (NASDAQ: IREN) was $7.70 for the day, up 1.05% from the previous closing price of $7.62. In other words, the price has increased by $1.05 from its previous closing price. On the day, 13.98 million shares were traded.
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 1.09 and its Current Ratio is at 0.94. 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, BTIG Research on December 20, 2024, initiated with a Buy rating and assigned the stock a target price of $33.
On December 10, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also upped its target price recommendation from $9.50 to $15.
On October 02, 2024, ROTH MKM started tracking the stock assigning a Buy rating and target price of $14.ROTH MKM initiated its Buy rating on October 02, 2024, with a $14 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 6.00 while its Price-to-Book (P/B) ratio in mrq is 1.28.
Stock Price History:
Over the past 52 weeks, IREN has reached a high of $15.92, while it has fallen to a 52-week low of $4.15. The 50-Day Moving Average of the stock is -28.52%, while the 200-Day Moving Average is calculated to be -24.43%.
Shares Statistics:
A total of 213.50M shares are outstanding, with a floating share count of 200.40M. Insiders hold about 8.12% of the company’s shares, while institutions hold 43.85% stake in the company.
