IREN Ltd [NASDAQ: IREN] stock went on an upward path that rose over 8.76% on Friday, amounting to a one-week price increase of more than 13.92%.
Over the last 12 months, IREN stock rose by 185.00%. The one-year IREN Ltd stock forecast points to a potential upside of 14.21. The average equity rating for IREN stock is currently 1.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.27 billion, with 197.13 million shares outstanding and 172.48 million shares in the current float. Compared to the average trading volume of 17.26M shares, IREN stock reached a trading volume of 21718267 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on IREN Ltd [IREN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IREN shares is $17.94 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 1.30. 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.
ROTH MKM have made an estimate for IREN Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 02, 2024. While these analysts kept the previous recommendation, Needham raised their target price to Hold. The new note on the price target was released on September 04, 2024, representing the official price target for IREN Ltd stock. Previously, the target price had yet another raise to $26, while Bernstein analysts kept a Outperform rating on IREN stock.
The Average True Range (ATR) for IREN Ltd is set at 1.35, with the Price to Sales ratio for IREN stock in the period of the last 12 months amounting to 15.93. The Price to Book ratio for the last quarter was 2.69, with the Price to Cash per share for the same quarter was set at 0.46.
IREN Stock Performance Analysis:
IREN Ltd [IREN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.92. With this latest performance, IREN shares gained by 39.40% in over the last four-week period, additionally plugging by 46.15% over the last 6 months – not to mention a rise of 185.00% 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 68.86, with the RSI for the last a single of trading hit 73.14, and the three-weeks RSI is set at 65.98 for IREN Ltd [IREN]. The present Moving Average for the last 50 days of trading for this stock 10.07, while it was recorded at 13.87 for the last single week of trading, and 8.41 for the last 200 days.
Insight into IREN Ltd Fundamentals:
IREN Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.09 and a Current Ratio set at 1.09.
IREN Stock EPS
With the latest financial reports released by the company, IREN Ltd posted 0.08/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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.
IREN Ltd [IREN] Institutonal Ownership Details
The top three institutional holders of IREN stocks are: CASTLE HOOK PARTNERS LP with ownership of 6.87 million shares, which is approximately 6.8935%. MOORE CAPITAL MANAGEMENT, LP, holding 5.46 million shares of the stock with an approximate value of $$61.69 million in IREN stocks shares; and MOORE CAPITAL MANAGEMENT, LP, currently with $$48.29 million in IREN stock with ownership which is approximately 4.2926%.
