Iris Energy Ltd [NASDAQ: IREN] closed the trading session at $8.12.
The stocks have a year to date performance of 13.57 percent and weekly performance of 7.12 percent. The stock has been moved at 19.24 percent over the last six months. The stock has performed -28.14 percent around the most recent 30 days and changed 34.88 percent over the most recent 3-months.
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If compared to the average trading volume of 17.54M shares, IREN reached to a volume of 10757346 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Iris Energy Ltd [IREN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IREN shares is $17.19 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IREN stock is a recommendation set at 1.12. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Bernstein have made an estimate for Iris Energy Ltd shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 10, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on June 11, 2024, representing the official price target for Iris Energy Ltd stock. Previously, the target price had yet another raise from $6 to $6.50, while JP Morgan kept a Overweight rating on IREN stock. On May 12, 2023, analysts increased their price target for IREN shares from 4 to 7.
The Average True Range (ATR) for Iris Energy Ltd is set at 0.97 The Price to Book ratio for the last quarter was 1.66, with the Price to Cash per share for the same quarter was set at 1.40.
IREN stock trade performance evaluation
Iris Energy Ltd [IREN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.12. With this latest performance, IREN shares dropped by -28.14% in over the last four-week period, additionally plugging by 19.24% over the last 6 months – not to mention a rise of 74.62% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IREN stock in for the last two-week period is set at 42.89, with the RSI for the last a single of trading hit 45.68, and the three-weeks RSI is set at 43.78 for Iris Energy Ltd [IREN]. The present Moving Average for the last 50 days of trading for this stock 11.00, while it was recorded at 7.63 for the last single week of trading, and 6.82 for the last 200 days.
Iris Energy Ltd [IREN]: An insightful look at the core fundamentals
Iris Energy Ltd’s liquidity data is similarly interesting compelling, with a Current Ratio set at 7.47.
Earnings per share (EPS) analysis for Iris Energy Ltd [IREN] stock
With the latest financial reports released by the company, Iris Energy Ltd posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.17/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.13. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IREN.
Iris Energy Ltd [IREN]: Institutional Ownership
The top three institutional holders of IREN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in IREN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in IREN stock with ownership which is approximately 5.1238%.
