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After finishing at $7.33 in the prior trading day, Iris Energy Ltd (NASDAQ: IREN) closed at $7.74, up 5.59%. In other words, the price has increased by $5.59 from its previous closing price. On the day, 13.79 million shares were traded. IREN stock price reached its highest trading level at $7.815 during the session, while it also had its lowest trading level at $7.4.
Ratios:
Our goal is to gain a better understanding of IREN by taking a closer look at 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:
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 1465538048 and an Enterprise Value of 1056062656. Its current Enterprise Value per Revenue stands at 5.595 whereas that against EBITDA is 45.406.
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 -1.21%, while the 200-Day Moving Average is calculated to be 4.03%.
Shares Statistics:
The stock has traded on average 14.80M shares per day over the past 3-months and 11967660 shares per day over the last 10 days, according to various share statistics. 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 42.29% stake in the company. Shares short for IREN as of 1727654400 were 9299369 with a Short Ratio of 0.63, compared to 1724976000 on 8903376. Therefore, it implies a Short% of Shares Outstanding of 9299369 and a Short% of Float of 5.1799998.
