IREN Ltd (NASDAQ: IREN) is -27.54% lower on its value in year-to-date trading and has touched a low of $5.12 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 $9.80 in the last trading session, with the day’s gains setting it 5.63%.
Currently trading at $15.43M, the stock is 9.74% and 33.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 31.97 million and changing 31970828% at the moment leaves the stock 13.24% off its SMA200. IREN registered 6.62% gain for a year compared to 6-month loss of -24.73%. The firm has a 50-day simple moving average (SMA 50) of $7.8252 and a 200-day simple moving average (SMA200) of $9.245675.
The stock witnessed a 21.60% gain in the last 1 month and extending the period to 3 months gives it a 45.21%, and is 2.95% 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 5.91% over the week and 4.38% over the month.
IREN Ltd (IREN) has around 144 employees, a market worth around $2.52B and $367.24M in sales. Fwd P/E is 12.20. Profit margin for the company is -9.71%. Distance from 52-week low is 104.29% and -34.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.50%).
The EPS is expected to grow by 93.00% this year.
IREN Ltd (IREN) Top Institutional Holders
223.0 institutions hold shares in IREN Ltd (IREN), with institutional investors hold 63.28% of the company’s shares. The shares outstanding are 240.97M, and float is at 227.74M with Short Float at 10.50%. Institutions hold 59.39% of the Float.
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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