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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$2.84 - $15.75
Previous Close$10.1
Volume22.57M
Average Volume (3M)15.85M
Market Cap
$1.96B
Enterprise Value$1.55B
Total Cash (Recent Filing)$404.60M
Total Debt (Recent Filing)$1.66M
Price to Earnings (P/E)―
Beta2.76
Next Earnings
Nov 26, 2024EPS Estimate
-$0.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding189,346,079
10 Day Avg. Volume18,382,373
30 Day Avg. Volume15,851,989
Standard Deviation0.34
R-Squared0.25
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)1.74
Price to Sales (P/S)10.44
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue180.15
Enterprise Value/Gross Profit8.23
Enterprise Value/Ebitda-12.63
Forecast
1Y Price Target
$15.50Price Target Upside59.47% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Iris Energy News
PremiumCompany Announcements
Iris Energy Boosts Revenue with Bitcoin and AI Expansion
PremiumCompany Announcements
Iris Energy Expands AI Services and Accelerates Texas ProjectBulls Say, Bears Say
Bulls Say
AI Cloud Business GrowthIris Energy's AI Cloud segment has achieved high hardware margins and is expected to significantly increase profits as it expands.
Investment PotentialIris Energy offers an attractive investment opportunity in the growing energy demand for digital infrastructure, with plans to expand its power portfolio and AI Cloud business.
Site Development And ExpansionThe accelerated timeline is encouraging in a data center landscape that continues to feature increasing power demand, especially in the HPC/AI Compute vertical.
Bears Say
Growth LimitationsLimited upside potential in areas beyond mining, such as GPU as-a-service or HPC co-location.
Market ExposureThe mining business remains a beta on Bitcoin price, and many investors prefer not to underwrite the Bitcoin price.
Revenue DeclineAI Cloud revenue fell ~47% largely due to the ending of the Poolside contract.
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Ownership Overview
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Insiders
0.42% Mutual Funds
8.33% Other Institutional Investors
85.51% 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 $2.84 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 Nov 26, 2024 which is in 4 days.
How were Iris Energy’s earnings last quarter?
Iris Energy released its earnings results on Aug 28, 2024. The company reported -$0.24 earnings per share for the quarter, missing the consensus estimate of $0.027 by -$0.267.
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 -$0.08.
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 -$0.24 in its last earnings report, missing expectations of $0.027. 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 D1 Capital Partners LP. It holds Iris Energy’s shares valued at 13M.
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Iris Energy Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$15.50 (59.47% Upside)
$15.50 (59.47% Upside)
Blogger Sentiment
Bullish
IREN Sentiment 100%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Decreased
By 4.3M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days >0.1%
Last 30 Days ▲ 7.6%
Last 30 Days ▲ 7.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
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
$15.50
▲(59.47% Upside)
Technical Analysis
Best Analysts Covering IREN
1 Year
1 Year Success Rate
7/10 ratings generated profit
1 Year Average Return
+45.77%
reiterated a buy rating 3 months ago
Copying Reginald Smith's trades and holding each position for 1 Year would result in 70.00% of your transactions generating a profit, with an average return of +45.77% per trade.
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