Iris Energy Ltd (IREN) up 78.32% since start of the year

Iris Energy Ltd (NASDAQ: IREN) is 78.32% 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 $10.99 in the last trading session, with the day’s gains setting it 1.76%.

Currently trading at $12.75, the stock is 30.12% and 48.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 29.37 million and changing 16.01% at the moment leaves the stock 62.23% off its SMA200. IREN registered 329.29% gain for a year compared to 6-month gain of 162.89%. The firm has a 50-day simple moving average (SMA 50) of $8.51 and a 200-day simple moving average (SMA200) of $7.81705.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a 64.73% loss in the last 1 month and extending the period to 3 months gives it a 73.47%, and is 49.82% 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 9.98% over the week and 8.93% over the month.

Fwd P/E is 13.81. Distance from 52-week low is 357.01% and -19.05% from its 52-week high.

with sales reaching $57.91M over the same period.The EPS is expected to grow by 252.12% this year, but quarterly earnings will post 143.70% year-over-year.

Iris Energy Ltd (IREN) Top Institutional Holders

The shares outstanding are 186.37M, and float is at 172.03M with Short Float at 6.22%.

The top institutional shareholder in the company is CASTLE HOOK PARTNERS LP with over 6.87 million shares valued at $77.55 million. The investor’s holdings represent 6.8935% of the IREN Shares outstanding. As of 2024-06-30, the second largest holder is MOORE CAPITAL MANAGEMENT, LP with 5.46 million shares valued at $61.69 million to account for 5.4839 of the shares outstanding. The other top investors are MARSHALL WACE, LLP which holds 3.81 million shares representing 3.8255% and valued at over $43.03 million, while VALIANT CAPITAL MANAGEMENT, L.P. holds 2.531 of the shares totaling 2.52 million with a market value of $28.47 million.