In the past week, IREN stock has gone up by 22.61%, with a monthly gain of 21.82% and a quarterly plunge of -18.05%. The volatility ratio for the week is 7.56%, and the volatility levels for the last 30 days are 7.50% for Iris Energy Ltd The simple moving average for the last 20 days is 12.88% for IREN stock, with a simple moving average of 27.00% for the last 200 days.
Is It Worth Investing in Iris Energy Ltd (NASDAQ: IREN) Right Now?
The stock has a 36-month beta value of 3.42. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for IREN is 172.03M, and at present, short sellers hold a 5.41% of that float. On October 21, 2024, the average trading volume of IREN was 13.93M shares.
IREN) stock’s latest price update
Iris Energy Ltd (NASDAQ: IREN)’s stock price has increased by 6.03 compared to its previous closing price of 8.95. However, the company has seen a 22.61% increase in its stock price over the last five trading sessions. accesswire.com reported 2024-10-20 that NEW YORK, NY / ACCESSWIRE / October 20, 2024 / If you suffered a loss on your Iris Energy Limited (NASDAQ:IREN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/iris-energy-lawsuit-submission-form?prid=108863&wire=1 or contact Joseph E. Levi, Esq.
Analysts’ Opinion of IREN
Many brokerage firms have already submitted their reports for IREN stocks, with ROTH MKM repeating the rating for IREN by listing it as a “Buy.” The predicted price for IREN in the upcoming period, according to ROTH MKM is $14 based on the research report published on October 02, 2024 of the current year 2024.
Bernstein gave a rating of “Outperform” to IREN, setting the target price at $26 in the report published on July 10th of the current year.
IREN Trading at 19.37% 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 -39.75% of loss for the given period.
Volatility was left at 7.50%, however, over the last 30 days, the volatility rate increased by 7.56%, as shares surge +26.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.87% upper at present.
During the last 5 trading sessions, IREN rose by +22.61%, which changed the moving average for the period of 200-days by +45.11% in comparison to the 20-day moving average, which settled at $8.41. In addition, Iris Energy Ltd saw 32.73% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IREN starting from Christopher Guzowski, who proposed sale 28,970 shares at the price of $7.73 back on Sep 17 ’24. After this action, Christopher Guzowski now owns shares of Iris Energy Ltd, valued at $223,938 using the latest closing price.
Stock Fundamentals for IREN
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.25 for the gross margin
The net margin for Iris Energy Ltd stands at -0.15. The total capital return value is set at -0.02.
Based on Iris Energy Ltd (IREN), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 32.07. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -112.28.
Currently, EBITDA for the company is 21.93 million with net debt to EBITDA at -15.48. When we switch over and look at the enterprise to sales, we see a ratio of 7.21. The receivables turnover for the company is 6.51for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.87.
Conclusion
To sum up, Iris Energy Ltd (IREN) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
