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Iris Energy (IREN)
NASDAQ:IREN
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IREN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.79 - $15.75
Previous Close$7.73
Volume13.91M
Average Volume (3M)15.57M
Market Cap
$1.45B
Enterprise Value$1.38B
Total Cash (Recent Filing)AU$68.89M
Total Debt (Recent Filing)AU$1.45M
Price to Earnings (P/E)―
Beta2.22
Next Earnings
Aug 28, 2024EPS Estimate
$0.03Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding189,346,079
10 Day Avg. Volume12,980,552
30 Day Avg. Volume15,568,624
Standard Deviation0.35
R-Squared0.25
Alpha0.00763
Financial Highlights & Ratios
Price to Book (P/B)4.80
Price to Sales (P/S)29.84
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$15.63Price Target Upside94.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Iris Energy News
Bulls Say, Bears Say
Bulls Say
AI Cloud ServicesAI Cloud Services business has shown encouraging performance, generating over $2.55M in revenues and ~98% gross margins.
Cost EfficiencySuccessfully lowered total costs to deploy proprietary BTC mining data centers to ~$650k/MW, down from ~$750k/MW previously.
Infrastructure And ExpansionInfrastructure expansion is progressing well with the company on track to achieve 510 MW of developed capacity and 30 EH/s by the end of the year.
Bears Say
Business OpportunitiesThere are no near-to-medium term HPC opportunities for IREN.
Customer ContractsManagement noted on the call that Poolside, currently IREN's largest customer for AI cloud services, will be ending its contract with the company at the end of August due to 'strategic reasons.'
Market PotentialLimited upside potential in areas beyond mining, such as GPU as-a-service or HPC co-location.
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Ownership Overview
0.00%
Insiders
0.41% Mutual Funds
24.61% Other Institutional Investors
74.98% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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IREN FAQ
What was Iris Energy’s price range in the past 12 months?
Iris Energy lowest stock price was $2.79 and its highest was $15.75 in the past 12 months.
What is Iris Energy’s market cap?
Currently, no data Available
When is Iris Energy’s upcoming earnings report date?
Iris Energy’s upcoming earnings report date is Aug 28, 2024 which is 20 days ago.
How were Iris Energy’s earnings last quarter?
Iris Energy released its earnings results on May 15, 2024. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.036 by $0.044.
Is Iris Energy overvalued?
According to Wall Street analysts Iris Energy’s price is currently Undervalued.
Does Iris Energy pay dividends?
Iris Energy does not currently pay dividends.
What is Iris Energy’s EPS estimate?
Iris Energy’s EPS estimate is $0.03.
How many shares outstanding does Iris Energy have?
Iris Energy has 189,346,080 shares outstanding.
What happened to Iris Energy’s price movement after its last earnings report?
Iris Energy reported an EPS of $0.08 in its last earnings report, beating expectations of $0.036. Following the earnings report the stock price went up 14.825%.
Which hedge fund is a major shareholder of Iris Energy?
Among the largest hedge funds holding Iris Energy’s share is Moore Capital Management LP. It holds Iris Energy’s shares valued at 62M.
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Iris Energy Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$15.63 (94.65% Upside)
$15.63 (94.65% Upside)
Blogger Sentiment
Bullish
IREN Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 6.9M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.4%
Last 30 Days ▲ 16.9%
Last 30 Days ▲ 16.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Company Description
Iris Energy
Iris Energy Ltd is a bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin primarily powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.
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IREN Earnings Call
Q4 2024
0:00 / 0:00
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IREN Stock 12 Month Forecast
Average Price Target
$15.63
▲(94.65% Upside)
Technical Analysis
HIVE Digital Technologies
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Marathon Digital Holdings
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Bit Digital
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Stronghold Digital Mining
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Best Analysts Covering IREN
1 Year
1 Year Success Rate
4/6 ratings generated profit
1 Year Average Return
+16.32%
reiterated a buy rating 5 days ago
Copying Lucas Pipes's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +16.32% per trade.
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