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The price of IREN Ltd (NASDAQ: IREN) closed at $13.36 in the last session, down -7.93% from day before closing price of $14.51. In other words, the price has decreased by -$7.93 from its previous closing price. On the day, 17.57 million shares were traded. IREN stock price reached its highest trading level at $14.53 during the session, while it also had its lowest trading level at $13.02.
Ratios:
We take a closer look at IREN’s different ratios to gain a better understanding of the stock. 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 Dec-11-24, 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 3111022848 and an Enterprise Value of 1400672512. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.71 while its Price-to-Book (P/B) ratio in mrq is 2.33. 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 29.92%, while the 200-Day Moving Average is calculated to be 57.39%.
Shares Statistics:
According to the various share statistics, IREN traded on average about 17.43M shares per day over the past 3-months and 23390640 shares per day over the past 10 days. 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.
