The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of IREN Ltd (NASDAQ: IREN) was $9.77 for the day, down -6.06% from the previous closing price of $10.40. In other words, the price has decreased by -$6.06 from its previous closing price. On the day, 15.68 million shares were traded.
Ratios:
Our analysis of IREN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.46 and its Current Ratio is at 0.46. 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 March 13, 2025, Upgraded its rating to Overweight and sets its target price to $12 from $15 previously.
On December 20, 2024, BTIG Research started tracking the stock assigning a Buy rating and target price of $33.
JP Morgan Downgraded its Overweight to Neutral on December 10, 2024, whereas the target price for the stock was revised from $9.50 to $15.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 6.41 while its Price-to-Book (P/B) ratio in mrq is 1.53.
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 $5.12. The 50-Day Moving Average of the stock is 27.82%, while the 200-Day Moving Average is calculated to be 5.89%.
Shares Statistics:
A total of 240.97M shares are outstanding, with a floating share count of 227.74M. Insiders hold about 5.49% of the company’s shares, while institutions hold 51.89% stake in the company.
