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IREN Ltd (NASDAQ: IREN) closed the day trading at $13.11 down -2.38% from the previous closing price of $13.43. In other words, the price has decreased by -$2.38 from its previous closing price. On the day, 10.32 million shares were traded. IREN stock price reached its highest trading level at $13.665 during the session, while it also had its lowest trading level at $12.915.
Ratios:
For a better understanding of IREN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.09. 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 the company, JP Morgan on December 10, 2024, Downgraded its rating to Neutral and sets its target price to $15 from $9.50 previously.
On October 02, 2024, ROTH MKM started tracking the stock assigning a Buy rating and target price of $14.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2810862592 and an Enterprise Value of 1400672512. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.18 while its Price-to-Book (P/B) ratio in mrq is 2.29. Its current Enterprise Value per Revenue stands at 7.42 whereas that against EBITDA is 60.223.
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 $3.56. The 50-Day Moving Average of the stock is 23.46%, while the 200-Day Moving Average is calculated to be 52.52%.
Shares Statistics:
Over the past 3-months, IREN traded about 17.68M shares per day on average, while over the past 10 days, IREN traded about 19748920 shares per day. A total of 197.13M shares are outstanding, with a floating share count of 172.48M. Insiders hold about 8.42% of the company’s shares, while institutions hold 29.07% stake in the company. Shares short for IREN as of 1731628800 were 10159749 with a Short Ratio of 0.58, compared to 1728950400 on 10703910. Therefore, it implies a Short% of Shares Outstanding of 10159749 and a Short% of Float of 5.6599997.
