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Iris Energy Limited (IREN) Just Got Our Attention

Iris Energy Limited (NASDAQ:IREN) went up by 9.80% from its latest closing price compared to the recent 1-year high of $24.00. The company’s stock price has collected -23.64% of loss in the last five trading sessions.

Is It Worth Investing in Iris Energy Limited (NASDAQ :IREN) Right Now?

Opinions of the stock are interesting as 3 analysts out of 7 who provided ratings for Iris Energy Limited declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $6.80, which is $6.45 above the current price. IREN currently public float of 44.72M and currently shorts hold a 1.82% ratio of that float. Today, the average trading volume of IREN was 279.39K shares.

IREN’s Market Performance

IREN stocks went down by -23.64% for the week, with a monthly drop of -50.44% and a quarterly performance of -66.40%, while its annual performance rate touched -92.00%. The volatility ratio for the week stands at 14.75% while the volatility levels for the past 30 days are set at 13.39% for Iris Energy Limited. The simple moving average for the period of the last 20 days is -35.76% for IREN stocks with a simple moving average of -76.23% for the last 200 days.

Analysts’ Opinion of IREN

Many brokerage firms have already submitted their reports for IREN stocks, with Cantor Fitzgerald repeating the rating for IREN by listing it as a “Neutral.” The predicted price for IREN in the upcoming period, according to Cantor Fitzgerald is $3 based on the research report published on November 08th of the current year 2022.

Cowen gave a rating of “Market Perform” to IREN, setting the target price at $4.30 in the report published on September 23rd of the current year.

IREN Trading at -49.58% from the 50-Day Moving Average

After a stumble in the market that brought IREN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -93.00% of loss for the given period.

Volatility was left at 13.39%, however, over the last 30 days, the volatility rate increased by 14.75%, as shares sank -53.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -62.50% lower at present.

During the last 5 trading sessions, IREN fell by -23.64%, which changed the moving average for the period of 200-days by -88.30% in comparison to the 20-day moving average, which settled at $2.5190. In addition, Iris Energy Limited saw -89.61% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for IREN

Current profitability levels for the company are sitting at:

  • +0.78 for the present operating margin
  • +32.14 for the gross margin

The net margin for Iris Energy Limited stands at -711.03. Equity return is now at value -181.80, with -71.60 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.