IREN Ltd [NASDAQ: IREN] price plunged by -3.34 percent to reach at -$0.34.
The one-year IREN stock forecast points to a potential upside of 47.07. The average equity rating for IREN stock is currently 1.27, trading closer to a bullish pattern in the stock market.
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 $18.57 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 1.27. 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.
JP Morgan have made an estimate for IREN Ltd shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 13, 2025. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on December 20, 2024, representing the official price target for IREN Ltd stock. Previously, the target price had yet another raise from $9.50 to $15, while JP Morgan kept a Neutral rating on IREN stock.
The Average True Range (ATR) for IREN Ltd is set at 0.60, with the Price to Sales ratio for IREN stock in the period of the last 12 months amounting to 6.45. The Price to Book ratio for the last quarter was 1.54, with the Price to Cash per share for the same quarter was set at 0.81.
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 0.82. With this latest performance, IREN shares gained by 23.34% in over the last four-week period, additionally sinking by -26.42% over the last 6 months – not to mention a drop of -20.40% in the past year of trading.
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Insight into IREN Ltd Fundamentals:
IREN Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.46 and a Current Ratio set at 0.46.
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 $$61.69 million in IREN stocks shares; and MOORE CAPITAL MANAGEMENT, LP, currently with $$53.1 million in IREN stock with ownership which is approximately 4.7202%.
