IREN Ltd (NASDAQ: IREN) is 65.17% higher on its value in year-to-date trading and has touched a low of $3.56 and a high of $15.92 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 $11.41 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $11.81, the stock is -8.11% and 6.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.2 million and changing 3.46% at the moment leaves the stock 34.62% off its SMA200. IREN registered 113.56% gain for a year compared to 6-month loss of -6.49%. The firm has a 50-day simple moving average (SMA 50) of $11.0807 and a 200-day simple moving average (SMA200) of $8.772875.
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The stock witnessed a 16.93% gain in the last 1 month and extending the period to 3 months gives it a 48.93%, and is -9.92% 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 12.87% over the week and 12.07% over the month.
IREN Ltd (IREN) has around 144 employees, a market worth around $2.39B and $205.56M in sales. Fwd P/E is 8.35. Profit margin for the company is -36.66%. Distance from 52-week low is 231.74% and -25.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.66%).
with sales reaching $118.14M over the same period.The EPS is expected to grow by 189.63% this year, but quarterly earnings will post 187.81% year-over-year. Quarterly sales are estimated to grow 180.98% in year-over-year returns.
IREN Ltd (IREN) Top Institutional Holders
The shares outstanding are 197.13M, and float is at 179.61M with Short Float at 5.70%.
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 MORGAN STANLEY which holds 4.28 million shares representing 4.2926% and valued at over $48.29 million, while MARSHALL WACE, LLP holds 3.8255 of the shares totaling 3.81 million with a market value of $43.03 million.
IREN Ltd (IREN) Insider Activity
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