For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
IREN Ltd (NASDAQ: IREN) closed the day trading at $12.42 down -3.42% from the previous closing price of $12.86. In other words, the price has decreased by -$3.42 from its previous closing price. On the day, 8.86 million shares were traded. IREN stock price reached its highest trading level at $12.98 during the session, while it also had its lowest trading level at $12.22.
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 this company, BTIG Research on December 20, 2024, initiated with a Buy rating and assigned the stock a target price of $33.
On December 10, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also upped its target price recommendation from $9.50 to $15.
On October 02, 2024, ROTH MKM started tracking the stock assigning a Buy rating and target price of $14.ROTH MKM initiated its Buy rating on October 02, 2024, with a $14 target price.
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 2663108864 and an Enterprise Value of 1400672512. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.82 while its Price-to-Book (P/B) ratio in mrq is 2.17. Its current Enterprise Value per Revenue stands at 7.42 whereas that against EBITDA is 60.223.
Stock Price History:
The Beta on a monthly basis for IREN is 3.60, which has changed by 0.5493976 over the last 52 weeks, in comparison to a change of 0.21313763 over the same period for the S&P500. Over the past 52 weeks, IREN has reached a high of $15.92, while it has fallen to a 52-week low of $4.15. The 50-Day Moving Average of the stock is 4.45%, while the 200-Day Moving Average is calculated to be 27.22%.
Shares Statistics:
Over the past 3-months, IREN traded about 17.44M shares per day on average, while over the past 10 days, IREN traded about 15722360 shares per day. A total of 197.13M shares are outstanding, with a floating share count of 180.26M. Insiders hold about 8.09% of the company’s shares, while institutions hold 28.69% stake in the company. Shares short for IREN as of 1731628800 were 10159749 with a Short Ratio of 0.92, compared to 1728950400 on 10703910. Therefore, it implies a Short% of Shares Outstanding of 10159749 and a Short% of Float of 5.6599997.
