IREN Ltd [NASDAQ: IREN] surged by $15429990.2 during the normal trading session on Friday and reaching a high of $10.8999 during the day while it closed the day at $15430000.0.
IREN Ltd stock has also gained 2.95% of its value over the past 7 days. However, IREN stock has inclined by 45.21% in the 3 months of the year. Over the past six months meanwhile, it has lost -24.73% and lost -27.54% year-on date.
The market cap for IREN stock reached $2.52 billion, with 240.97 million shares outstanding and 227.74 million shares in the current float. Compared to the average trading volume of 15.43M shares, IREN reached a trading volume of 31970828 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 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 Price to Book ratio for the last quarter was 1.64, with the Price to Cash per share for the same quarter was set at 0.81.
IREN stock trade performance evaluation
IREN Ltd [IREN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.95. With this latest performance, IREN shares gained by 21.60% in over the last four-week period, additionally sinking by -24.73% over the last 6 months – not to mention a rise of 6.62% in the past year of trading.
IREN Ltd [IREN]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and IREN Ltd [IREN] shares currently have an operating margin of -5.02% and a Gross Margin at 6.95%. IREN Ltd’s Net Margin is presently recorded at -9.71%.
Return on Equity for this stock declined to -2.63%, with Return on Assets sitting at -2.63%.
IREN Ltd [IREN]: Institutional Ownership
There are presently around $59.39%, or 63.28%% of IREN stock, in the hands of institutional investors. 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%.
