IREN Ltd (NASDAQ:IREN) traded at $11.54 at close of the session on Tuesday, June 24 and made an upward move of 8.26% on its previous day’s price.
Looking at the stock we see that its previous close was $10.66 and the beta (5Y monthly) reads 3.763 with the day’s price range being $10.92 – $11.62. In terms of its 52-week price range, IREN has a high of $15.92 and a low of $5.12. The company’s stock has gained about 24.35% over that past 30 days.
IREN Ltd has a market cap of $2.78 billion and is expected to release its quarterly earnings report on 2025-May-14.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 174.54M, with a low of 122.09M and a high of 205.8M. The median projection represents growth squeezing down to 203.87% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 498.5M, or 164.09% up from figures reported last year.
On the other hand, looking at the outlook for the IREN stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 7 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the IREN Ltd (IREN) stock as a Hold, while 6 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 18.60% off its SMA20 and 43.51% from its 50-day simple moving average. The RSI (14) is pointing at 71.05 while the volatility over the past week is 3.68% and jumps to 4.56% over the past one month. The average price target for the stock over the next 12 months is $20, with the estimates having a low of $20 and a high of $20. These price ends are -73.31% and -73.31% off the current price level respectively, although investors could be excited at the prospect of a -73.31% if the IREN share price touches on the median price of $20.
Coming back to IREN Ltd (NASDAQ:IREN), we note that the average 3-month trading volume was 15.73 million, while that of the preceding 10-day period stands at 20.49 million. Current shares outstanding are 240.97 million.
The insiders hold 5.49% of the company’s shares while institutions hold 51.89%. The data shows that short shares as of 2025-05-30, stood at 23.91 million at a short ratio of 1.46. This represents a 1031.00 short interest in shares outstanding on 2025-05-30. Shares short fall in May from the previous month at 25.24 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -16.98% down in year-to-date price movement.
