IREN Ltd (IREN): These Numbers Show Where NASDAQ:IREN Stock Is Going Next

IREN Ltd (NASDAQ: IREN) is -36.97% lower on its value in year-to-date trading and has touched a low of $4.65 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 $6.53 in the last trading session, with the day’s loss setting it -0.34%.

Currently trading at $6.19, the stock is 4.18% and -8.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.13 million and changing -5.21% at the moment leaves the stock -32.83% off its SMA200. IREN registered 42.96% gain for a year compared to 6-month loss of -40.02%.

The stock witnessed a 2.48% gain in the last 1 month and extending the period to 3 months gives it a -42.04%, and is -3.13% 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 4.50% over the week and 9.06% over the month.

IREN Ltd (IREN) has around 144 employees, a market worth around $1.38B and $279.66M in sales. Fwd P/E is 6.94. Profit margin for the company is -18.33%. Distance from 52-week low is 33.12% and -61.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.98%).

The EPS is expected to grow by 136.43% this year.

IREN Ltd (IREN) Top Institutional Holders

The shares outstanding are 213.50M, and float is at 211.29M with Short Float at 12.74%.

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

#####

Related Posts

News RTS
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.