Iris Energy Ltd (IREN)’s debt-to-equity and long-term debt/equity ratios

As of close of business last night, Iris Energy Ltd’s stock clocked out at $2.83, down -0.70% from its previous closing price of $2.85. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 1003512 shares were traded. IREN stock price reached its highest trading level at $2.8999 during the session, while it also had its lowest trading level at $2.7901.

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To gain a deeper understanding of IREN’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.41 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.

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 189.87M and an Enterprise Value of 122.42M. Its current Enterprise Value per Revenue stands at 1.62 whereas that against EBITDA is -0.99.

Stock Price History:

Over the past 52 weeks, IREN has reached a high of $8.06, while it has fallen to a 52-week low of $1.02. The 50-Day Moving Average of the stock is 3.4774, while the 200-Day Moving Average is calculated to be 3.9796.

Shares Statistics:

It appears that IREN traded 1.55M shares on average per day over the past three months and 1.51M shares per day over the past ten days. A total of 64.75M shares are outstanding, with a floating share count of 50.07M. Insiders hold about 24.73% of the company’s shares, while institutions hold 18.84% stake in the company. Shares short for IREN as of Oct 30, 2023 were 1.6M with a Short Ratio of 1.60M, compared to 771.58k on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.38% and a Short% of Float of 2.85%.

Earnings Estimates

As of right now, 7 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is -$0.15, with high estimates of -$0.01 and low estimates of -$0.33.

Analysts are recommending an EPS of between -$0.36 and -$3.76 for the fiscal current year, implying an average EPS of -$2.45. EPS for the following year is -$0.06, with 6 analysts recommending between $0.43 and -$0.31.

Revenue Estimates

A total of 6 analysts have provided revenue estimates for IREN’s current fiscal year. The highest revenue estimate was $82.02M, while the lowest revenue estimate was $70.6M, resulting in an average revenue estimate of $75.51M. In the same quarter a year ago, actual revenue was $59.05M, up 27.90% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $159.16M in the next fiscal year. The high estimate is $189.83M and the low estimate is $143.43M. The average revenue growth estimate for next year is up 110.80% from the average revenue estimate for this year.

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