IREN Ltd [NASDAQ: IREN] loss -4.74% or -0.56 points to close at $11.25 with a heavy trading volume of 12703514 shares.
The daily chart for IREN points out that the company has recorded -13.39% loss over the past six months.
If we look at the average trading volume of 17.78M shares, IREN reached to a volume of 12703514 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $20.55 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 1.42. 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.
BTIG Research have made an estimate for IREN Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 20, 2024. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $9.50 to $15. The new note on the price target was released on December 10, 2024, representing the official price target for IREN Ltd stock. Previously, the target price had yet another raise to $14, while ROTH MKM analysts kept a Buy rating on IREN stock.
The Average True Range (ATR) for IREN Ltd is set at 1.36, with the Price to Sales ratio for IREN stock in the period of the last 12 months amounting to 11.08. The Price to Book ratio for the last quarter was 1.96, with the Price to Cash per share for the same quarter was set at 0.49.
Trading performance analysis for IREN stock
IREN Ltd [IREN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.12. With this latest performance, IREN shares gained by 15.74% in over the last four-week period, additionally sinking by -13.39% over the last 6 months – not to mention a rise of 46.48% 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 44.79, with the RSI for the last a single of trading hit 38.71, and the three-weeks RSI is set at 48.05 for IREN Ltd [IREN]. The present Moving Average for the last 50 days of trading for this stock 11.15, while it was recorded at 12.07 for the last single week of trading, and 8.80 for the last 200 days.
IREN Ltd [IREN]: A deeper dive into fundamental analysis
IREN Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.09 and a Current Ratio set at 1.09.
An analysis of Institutional ownership at IREN Ltd [IREN]
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%.
