IREN Ltd (NASDAQ: IREN) is 0.10% higher 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 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 $10.17 in the last trading session, with the day’s loss setting it -0.34%.
Currently trading at $9.83, the stock is 6.37% and 31.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.32 million and changing -3.34% at the moment leaves the stock 6.82% off its SMA200. IREN registered -20.40% loss for a year compared to 6-month loss of -26.42%.
The stock witnessed a 23.34% gain in the last 1 month and extending the period to 3 months gives it a 36.34%, and is 0.82% 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 2.02% over the week and 4.07% over the month.
IREN Ltd (IREN) has around 144 employees, a market worth around $2.37B and $367.24M in sales. Fwd P/E is 11.37. Profit margin for the company is -9.71%. Distance from 52-week low is 91.80% and -38.25% 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 93.76% this year.
IREN Ltd (IREN) Top Institutional Holders
The shares outstanding are 240.97M, and float is at 227.74M with Short Float at 10.50%.
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.
