Iris Energy Ltd (NASDAQ: IREN) is 110.21% higher on its value in year-to-date trading and has touched a low of $2.79 and a high of $14.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IREN stock was last observed hovering at around $14.35 in the last trading session, with the day’s gains setting it 0.68%.
Currently trading at $15.03, the stock is 19.81% and 74.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.59 million and changing 4.74% at the moment leaves the stock 160.17% off its SMA200. IREN registered 156.48% gain for a year compared to 6-month gain of 129.82%.
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The stock witnessed a 69.07% loss in the last 1 month and extending the period to 3 months gives it a 160.94%, and is 27.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.33% over the week and 11.87% over the month.
Fwd P/E is 12.99. Distance from 52-week low is 438.73% and 0.54% from its 52-week high.
The EPS is expected to grow by 100.84% this year.
Iris Energy Ltd (IREN) Top Institutional Holders
The shares outstanding are 144.63M, and float is at 128.91M with Short Float at 6.12%.
