IREN Ltd (NASDAQ:IREN) price on Thursday, April 10, fall -6.95% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.49.
A look at the stock’s price movement, the close in the last trading session was $5.90, moving within a range at $5.28 and $5.785. The beta value (5-Year monthly) was 3.686. Turning to its 52-week performance, $15.92 and $4.15 were the 52-week high and 52-week low respectively. Overall, IREN moved -22.02% over the past month.
IREN Ltd’s market cap currently stands at around $1.23 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-11.
Analysts have a consensus estimate of 160.21M for the company’s revenue for the quarter, with a low and high estimate of 144.76M and 186.02M respectively. The average forecast suggests up to a 194.78% 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 528.47M, representing a 179.97% 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 100% 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 -16.23% and -36.33% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.86, while 7-day volatility ratio is 17.83% and 9.97% in the 30-day chart. Further, IREN Ltd (IREN) has a beta value of 3.66, and an average true range (ATR) of 0.77. Analysts have given the company’s stock an average 52-week price target of $20, forecast between a low of $20 and high of $20. Looking at the price targets, the low is -264.3% off current price level while to achieve the yearly target high, price needs to move -264.3%. Nonetheless, investors will most likely welcome a -264.3% jump to $20 which is the analysts’ median price.
If we refocus on IREN Ltd (NASDAQ:IREN), historical trading data shows that trading volumes averaged 15.72 over the past 10 days and 15.51 million over the past 3 months. The company’s latest data on shares outstanding shows there are 213.50 million shares.
The 5.49% of IREN Ltd’s shares are in the hands of company insiders while institutional holders own 42.71% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 20.32 million on 2025-03-14, giving us a short ratio of 1.34. The data shows that as of 2025-03-14 short interest in IREN Ltd (IREN) stood at 972.0000600000001 of shares outstanding, with shares short falling to 21.02 million registered in 2025-02-14. Current price change has pushed the stock -44.09% 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.
