Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, IREN Ltd’s stock clocked out at $10.88, down -11.97% from its previous closing price of $12.36. In other words, the price has decreased by -$11.97 from its previous closing price. On the day, 18.47 million shares were traded.
Ratios:
To gain a deeper understanding of IREN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 0.94. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 8.46 while its Price-to-Book (P/B) ratio in mrq is 1.81.
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 $4.15. The 50-Day Moving Average of the stock is -7.42%, while the 200-Day Moving Average is calculated to be 8.37%.
Shares Statistics:
A total of 213.50M shares are outstanding, with a floating share count of 180.24M. Insiders hold about 8.10% of the company’s shares, while institutions hold 48.36% stake in the company.
