The price of Iris Energy Ltd (NASDAQ: IREN) closed at $4.60 in the last session, up 0.88% from day before closing price of $4.56. In other words, the price has increased by $+0.0400 from its previous closing price. On the day, 7948524 shares were traded.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Ratios:
We take a closer look at IREN’s different ratios to gain a better understanding of the stock. 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 October 11, 2023, Upgraded its rating to Overweight and sets its target price to $6.50 from $6 previously.
On May 12, 2023, Cantor Fitzgerald Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $4 to $7.
On April 06, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $4.B. Riley Securities initiated its Buy rating on April 06, 2023, with a $4 target price.
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 479.58M and an Enterprise Value of 389.35M. Its current Enterprise Value per Revenue stands at 3.19 whereas that against EBITDA is 47.93.
Stock Price History:
Over the past 52 weeks, IREN has reached a high of $9.69, while it has fallen to a 52-week low of $2.55. The 50-Day Moving Average of the stock is 5.4110, while the 200-Day Moving Average is calculated to be 4.8781.
Shares Statistics:
According to the various share statistics, IREN traded on average about 8.35M shares per day over the past 3-months and 9.13M shares per day over the past 10 days. A total of 64.75M shares are outstanding, with a floating share count of 54.83M. Insiders hold about 15.32% of the company’s shares, while institutions hold 28.69% stake in the company. Shares short for IREN as of Feb 29, 2024 were 2.46M with a Short Ratio of 0.29, compared to 2.91M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.37% and a Short% of Float of 2.65%.
