IREN Ltd (NASDAQ:IREN) price on Thursday, March 20, rose 0.14% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.21.
A look at the stock’s price movement, the close in the last trading session was $7.20, moving within a range at $7.0743 and $7.47. The beta value (5-Year monthly) was 3.648. Turning to its 52-week performance, $15.92 and $4.15 were the 52-week high and 52-week low respectively. Overall, IREN moved -44.54% over the past month.
IREN Ltd’s market cap currently stands at around $1.57 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-11.
Analysts have a consensus estimate of 166.05M for the company’s revenue for the quarter, with a low and high estimate of 150.59M and 196.88M respectively. The average forecast suggests up to a 205.53% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 540.23M, representing a 186.20% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IREN is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 6 recommend IREN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
IREN’s current price about -7.52% and -28.35% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.08, while 7-day volatility ratio is 7.76% and 11.05% in the 30-day chart. Further, IREN Ltd (IREN) has a beta value of 3.62, and an average true range (ATR) of 0.85. Analysts have given the company’s stock an average 52-week price target of $17, forecast between a low of $14 and high of $20. Looking at the price targets, the low is -94.17% off current price level while to achieve the yearly target high, price needs to move -177.39%. Nonetheless, investors will most likely welcome a -135.78% jump to $17 which is the analysts’ median price.
If we refocus on IREN Ltd (NASDAQ:IREN), historical trading data shows that trading volumes averaged 11.94 over the past 10 days and 15.23 million over the past 3 months. The company’s latest data on shares outstanding shows there are 213.50 million shares.
The 7.28% of IREN Ltd’s shares are in the hands of company insiders while institutional holders own 43.86% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 22.25 million on 2025-02-28, giving us a short ratio of 1.39. The data shows that as of 2025-02-28 short interest in IREN Ltd (IREN) stood at 1064.00006 of shares outstanding, with shares short rising to 20.59 million registered in 2025-01-31. Current price change has pushed the stock -26.58% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IREN stock continues to rise going into the next quarter.
