IREN Ltd (NASDAQ: IREN) is 32.08% higher on its value in year-to-date trading and has touched a low of $4.15 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 $13.01 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $12.97, the stock is 11.53% and 8.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.44 million and changing -0.31% at the moment leaves the stock 30.66% off its SMA200. IREN registered 56.27% gain for a year compared to 6-month gain of 73.63%.
The stock witnessed a 13.28% loss in the last 1 month and extending the period to 3 months gives it a 19.21%, and is 0.86% 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 7.24% over the week and 9.08% over the month.
IREN Ltd (IREN) has around 144 employees, a market worth around $2.82B and $279.66M in sales. Fwd P/E is 8.57. Profit margin for the company is -18.33%. Distance from 52-week low is 212.53% and -18.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.98%).
with sales reaching $171.21M over the same period.The EPS is expected to grow by 249.50% this year, but quarterly earnings will post 194.77% year-over-year. Quarterly sales are estimated to grow 215.02% in year-over-year returns.
IREN Ltd (IREN) Top Institutional Holders
The shares outstanding are 213.50M, and float is at 180.24M with Short Float at 11.42%.
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 which holds 4.7 million shares representing 4.7202% and valued at over $53.1 million, while MORGAN STANLEY holds 4.2926 of the shares totaling 4.28 million with a market value of $48.29 million.
IREN Ltd (IREN) Insider Activity
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