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As of close of business last night, Iris Energy Ltd’s stock clocked out at $9.25, up 0.11% from its previous closing price of $9.24. In other words, the price has increased by $0.11 from its previous closing price. On the day, 18.18 million shares were traded. IREN stock price reached its highest trading level at $9.69 during the session, while it also had its lowest trading level at $8.98.
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 8.87 and its Current Ratio is at 8.87. 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, ROTH MKM on October 02, 2024, initiated with a Buy rating and assigned the stock a target price of $14.
On July 10, 2024, Bernstein started tracking the stock assigning a Outperform rating and target price of $26.Bernstein initiated its Outperform rating on July 10, 2024, with a $26 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:
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 1751450496 and an Enterprise Value of 1341975168. Its current Enterprise Value per Revenue stands at 7.11 whereas that against EBITDA is 57.7.
Stock Price History:
Over the past 52 weeks, IREN has reached a high of $15.75, while it has fallen to a 52-week low of $2.79. The 50-Day Moving Average of the stock is 13.80%, while the 200-Day Moving Average is calculated to be 22.63%.
Shares Statistics:
It appears that IREN traded 14.13M shares on average per day over the past three months and 19223590 shares per day over the past ten days. A total of 186.37M shares are outstanding, with a floating share count of 172.03M. Insiders hold about 8.42% of the company’s shares, while institutions hold 42.36% stake in the company. Shares short for IREN as of 1728950400 were 10703910 with a Short Ratio of 0.76, compared to 1726185600 on 7435772. Therefore, it implies a Short% of Shares Outstanding of 10703910 and a Short% of Float of 5.96.
