Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Iris Energy Ltd’s stock clocked out at $4.34, down -7.46% from its previous closing price of $4.69. In other words, the price has decreased by -$7.46 from its previous closing price. On the day, 7.79 million shares were traded. IREN stock price reached its highest trading level at $4.6297 during the session, while it also had its lowest trading level at $4.3.
Ratios:
To gain a deeper understanding of IREN’s stock, we examine its different ratios. 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 October 11, 2023, Upgraded its rating to Overweight and sets its target price to $6.50 from $6 previously.
On May 12, 2023, Cantor Fitzgerald Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $4 to $7.
On April 06, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $4.B. Riley Securities initiated its Buy rating on April 06, 2023, with a $4 target price.
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 612352384 and an Enterprise Value of 275951264. Its current Enterprise Value per Revenue stands at 2.252 whereas that against EBITDA is -49.525.
Stock Price History:
The Beta on a monthly basis for IREN is 3.04, which has changed by 0.19230771 over the last 52 weeks, in comparison to a change of 0.23099434 over the same period for the S&P500. Over the past 52 weeks, IREN has reached a high of $9.69, while it has fallen to a 52-week low of $2.79. The 50-Day Moving Average of the stock is -20.09%, while the 200-Day Moving Average is calculated to be -12.62%.
Shares Statistics:
It appears that IREN traded 10.21M shares on average per day over the past three months and 8190950 shares per day over the past ten days. A total of 139.14M shares are outstanding, with a floating share count of 118.96M. Insiders hold about 14.50% of the company’s shares, while institutions hold 13.63% stake in the company. Shares short for IREN as of 1713139200 were 4243995 with a Short Ratio of 0.42, compared to 1710460800 on 1016212. Therefore, it implies a Short% of Shares Outstanding of 4243995 and a Short% of Float of 3.26.
Earnings Estimates
On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was $0.04. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is -$0.13, with 6 analysts recommending between $0.11 and -$0.35.
Revenue Estimates
A total of 6 analysts have provided revenue estimates for IREN’s current fiscal year. The highest revenue estimate was $82.02M, while the lowest revenue estimate was $70.6M, resulting in an average revenue estimate of $75.51M. In the same quarter a year ago, actual revenue was $59.05MBased on 7 analysts’ estimates, the company’s revenue will be $184.72M in the next fiscal year. The high estimate is $214M and the low estimate is $148.8M.
