Iris Energy Ltd (NASDAQ: IREN) is 33.43% higher on its value in year-to-date trading and has touched a low of $2.79 and a high of $15.75 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 $9.43 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $9.54, the stock is -21.34% and -10.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.57 million and changing 1.17% at the moment leaves the stock 49.40% off its SMA200. IREN registered 41.12% gain for a year compared to 6-month gain of 134.98%.
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The stock witnessed a -22.25% loss in the last 1 month and extending the period to 3 months gives it a 84.53%, and is -15.58% down 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 9.74% over the week and 13.08% over the month.
Fwd P/E is 8.16. Distance from 52-week low is 241.95% and -39.43% from its 52-week high.
The EPS is expected to grow by 100.57% this year.
Iris Energy Ltd (IREN) Top Institutional Holders
The shares outstanding are 184.88M, and float is at 164.78M with Short Float at 4.22%.
