The stock of Iris Energy Ltd (IREN) has seen a -2.91% decrease in the past week, with a 19.22% gain in the past month, and a 31.40% flourish in the past quarter. The volatility ratio for the week is 10.53%, and the volatility levels for the past 30 days are at 9.43% for IREN. The simple moving average for the past 20 days is 4.75% for IREN’s stock, with a 33.40% simple moving average for the past 200 days.
Is It Worth Investing in Iris Energy Ltd (NASDAQ: IREN) Right Now?
The 36-month beta value for IREN is also noteworthy at 3.39. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for IREN is 172.03M, and at present, short sellers hold a 5.78% of that float. The average trading volume of IREN on November 18, 2024 was 15.52M shares.
IREN) stock’s latest price update
Iris Energy Ltd (NASDAQ: IREN)’s stock price has soared by 3.29 in relation to previous closing price of 10.33. Nevertheless, the company has seen a loss of -2.91% in its stock price over the last five trading days. accesswire.com reported 2024-11-17 that NEW YORK, NY / ACCESSWIRE / November 17, 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=112305&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 19.14% 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 -32.25% of loss for the given period.
Volatility was left at 9.43%, however, over the last 30 days, the volatility rate increased by 10.53%, as shares surge +12.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +65.68% upper at present.
During the last 5 trading sessions, IREN fell by -2.91%, which changed the moving average for the period of 200-days by +184.53% in comparison to the 20-day moving average, which settled at $10.19. In addition, Iris Energy Ltd saw 49.23% 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
- 0.57 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.
Currently, EBITDA for the company is 25.4 million with net debt to EBITDA at -17.14. When we switch over and look at the enterprise to sales, we see a ratio of 8.37. 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
In summary, Iris Energy Ltd (IREN) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
