IREN Ltd (NASDAQ: IREN) is -22.91% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IREN stock was last observed hovering at around $8.24 in the last trading session, with the day’s loss setting it -0.67%.
Currently trading at $7.57, the stock is -31.55% and -32.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.79 million and changing -8.13% at the moment leaves the stock -25.37% off its SMA200. IREN registered 25.12% gain for a year compared to 6-month gain of 2.02%.
The stock witnessed a -26.50% loss in the last 1 month and extending the period to 3 months gives it a -20.82%, and is -25.49% 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 13.88% over the week and 9.59% over the month.
IREN Ltd (IREN) has around 144 employees, a market worth around $1.65B and $279.66M in sales. Fwd P/E is 5.00. Profit margin for the company is -18.33%. Distance from 52-week low is 82.41% and -52.45% 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 213.01% 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 200.40M with Short Float at 10.49%.
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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IREN Ltd (IREN): Who are the competitors?
The company’s main competitors (and peers) include Hut 8 Corp. (HUT) that is trading 68.42% up over the past 12 months. HIVE Digital Technologies Ltd. (HIVE) that is -47.08% lower over the same period.
