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The price of Iris Energy Ltd (NASDAQ: IREN) closed at $4.85 in the last session, up 1.25% from day before closing price of $4.79. In other words, the price has increased by $1.25 from its previous closing price. On the day, 6.72 million shares were traded. IREN stock price reached its highest trading level at $5.07 during the session, while it also had its lowest trading level at $4.8.
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 684310784 and an Enterprise Value of 318981536. Its current Enterprise Value per Revenue stands at 2.604 whereas that against EBITDA is -57.247.
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 $2.79. The 50-Day Moving Average of the stock is -5.33%, while the 200-Day Moving Average is calculated to be -0.50%.
Shares Statistics:
According to the various share statistics, IREN traded on average about 10.02M shares per day over the past 3-months and 5677070 shares per day over the past 10 days. A total of 139.14M shares are outstanding, with a floating share count of 118.96M. Insiders hold about 14.50% of the company’s shares, while institutions hold 16.66% stake in the company. Shares short for IREN as of 1714435200 were 4762818 with a Short Ratio of 0.48, compared to 1711584000 on 2057173. Therefore, it implies a Short% of Shares Outstanding of 4762818 and a Short% of Float of 3.66.
