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Iris Energy (IREN)
NASDAQ:IREN
Iris Energy (IREN) Stock Price & Analysis
672 Followers
IREN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.79 - $9.69
Previous Close$5.08
Volume4.53M
Average Volume (3M)10.23M
Market Cap
$716.76M
Enterprise Value$649.32M
Total Cash (Recent Filing)AU$68.89M
Total Debt (Recent Filing)AU$1.45M
Price to Earnings (P/E)N/A
Beta1.73
Next Earnings
May 08, 2024EPS Estimate
$0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding67,090,371
10 Day Avg. Volume7,668,866
30 Day Avg. Volume10,232,943
Standard Deviation0.34
R-Squared0.23
Alpha-0.00510
Financial Highlights & Ratios
Price to Book (P/B)1.12
Price to Sales (P/S)4.51
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
$11.17Price Target Upside119.88% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Iris Energy News
PremiumCompany Announcements
Iris Energy Accelerates Expansion, Boosts Hashrate
PremiumPress Releases
Operating hashrate increased to 9 EH/s
PremiumCompany Announcements
Iris Energy Boosts AI Cloud Contract, Doubles GPU Count
Bulls Say, Bears Say
Bulls Say
DiversificationThe successful launch of the AI business provides the company with a new, uncorrelated, and high-margin revenue stream
ExpansionCompany has a pathway to increase capacity to 20 EH/s, locking in attractive pricing at $14/TH
Operational EfficiencyIREN's fleet efficiency could improve by as much as 26% to 21.9 J/TH, reducing overall production costs
Bears Say
Cryptocurrency Market ConditionsRisks include volatility in BTC prices, which could negatively impact the company's financial stability.
Operational ChallengesPotential for construction delays at Childress could disrupt the company's expansion plans and future revenue streams.
Stock Dilution ConcernsShareholder dilution from equity sales might lead to a decrease in existing shareholders' value.
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Ownership Overview
0.00%
Insiders
0.04% Mutual Funds
5.38% Other Institutional Investors
94.58% 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 $9.69 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 May 08, 2024 which is in 3 days.
How were Iris Energy’s earnings last quarter?
Iris Energy released its earnings results on Feb 15, 2024. The company reported -$0.07 earnings per share for the quarter, missing the consensus estimate of $0.027 by -$0.097.
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 $0.04.
How many shares outstanding does Iris Energy have?
Iris Energy has 141,094,790 shares outstanding.
What happened to Iris Energy’s price movement after its last earnings report?
Iris Energy reported an EPS of -$0.07 in its last earnings report, missing expectations of $0.027. Following the earnings report the stock price went down -12.016%.
Which hedge fund is a major shareholder of Iris Energy?
Among the largest hedge funds holding Iris Energy’s share is Platinum Investment Management. It holds Iris Energy’s shares valued at 18M.
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Iris Energy Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$11.17 (119.88% Upside)
$11.17 (119.88% Upside)
Blogger Sentiment
Bullish
IREN Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 45.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.4%
Last 30 Days ▲ 12.3%
Last 30 Days ▲ 12.3%
Technicals
SMA
Positive
20 days / 200 days
Momentum
20.09%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
1.27%
Trailing 12-Months
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 Company Deck
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IREN Earnings Call
Q2 2024
0:00 / 0:00
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IREN Stock 12 Months Forecast
Average Price Target
$11.17
▲(119.88% Upside)
Technical Analysis
HIVE Blockchain Technologies
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Marathon Digital Holdings
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Riot Platforms
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Bitfarms
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Best Analysts Covering IREN
1 Year
1 Year Success Rate
3/6 ratings generated profit
1 Year Average Return
+7.67%
reiterated a buy rating 2 months ago
Copying Josh Siegler's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +7.67% per trade.
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