Iris Energy Limited (NASDAQ:IREN) currently has a daily average trading volume of 279.39K but it saw 327107 shares traded on Wednesday. With a market cap of 94.85M USD, stock’s current market price of $1.68 came rising about 9.80 while comparing to the previous closing price of $1.53. In past 52 weeks, the stock remained buoying in the range of price level as high as $24.00 and as low as $1.40. In the recent trading on the day, stock has struck highest price mark of $1.79 while lowest mark touched by it was $1.50.
Taking a look at 20-day trading activity of Iris Energy Limited (IREN) gives us an average price of $2.5190, while its current price level is -93.00% below from 52-week high level whereas it is 20.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.2757 while that of 200 days or SMA-200 reads an average of $7.0050. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.75% during that period while stretching the period over a month that decreases to 13.39%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 33.64 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Cantor Fitzgerald which downgraded the stock as “Neutral” in its note to investors issued on November 08, 2022, recommending a price target of $3 for it. Cowen also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $14 and $4.30.
Over the week, IREN’s stock price is moving -23.64% down while it is -50.44% when we observe its performance for the past one month. Year-to-date it is -89.61% down and over the past year, the stock is showing a downside performance of -92.00%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of $0.04 beaten by the consensus estimate of $0.08 for the same. For IREN, analysts are forecasting an EPS-growth rate of 94.90% for current year and estimate for EPS growth in next year is 13.50%. In next quarter, company is expected to be making quarterly sales of $31.33 million as analysts are expecting the sales for current fiscal year at $128.79 million and seeing the company making $200 million in sales next year. Moreover, analysts are in estimates of $16.81 million for current-quarter revenue.
Currently, Iris Energy Limited’s total number of outstanding shares is 54.98M with 18.66% of that held by the insiders while 23.94% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.40% and return on equity (ROE) at -181.80%. Stock has a price to book (P/B) ratio of 0.16 while price to sale or P/S ratio amounts to 1.61. Its return on asset (ROA) is -71.60% on average.