Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Iris Energy (IREN)
NASDAQ:IREN
Holding IREN?
Track your performance easily
IREN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.79 - $15.75
Previous Close$10.99
Volume16.02M
Average Volume (3M)14.62M
Market Cap
$2.11B
Enterprise Value$1.70B
Total Cash (Recent Filing)$404.60M
Total Debt (Recent Filing)$1.66M
Price to Earnings (P/E)―
Beta2.60
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. Volume17,792,724
30 Day Avg. Volume14,615,147
Standard Deviation0.34
R-Squared0.25
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)1.90
Price to Sales (P/S)11.24
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue197.59
Enterprise Value/Gross Profit9.02
Enterprise Value/Ebitda-13.85
Forecast
1Y Price Target
$15.50Price Target Upside41.04% 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 Project
PremiumCompany Announcements
Iris Energy Sets Virtual 2024 AGM for Shareholder VotingBulls Say, Bears Say
Bulls Say
AI Cloud And Power PortfolioIris Energy's AI Cloud segment shows high hardware margins and potential for significant profit increase as it continues to expand, offering a strong investment opportunity.
Expansion And GrowthThe accelerated timeline for IREN's 1.4GW Texas site energization is a positive indication in a market with rising power demand, especially within the HPC/AI Compute sector.
Strategic MonetizationIREN's consideration of multiple monetization strategies for its power portfolio, including BTC and HPC/AI, suggests potential for a higher market valuation and share revaluation.
Bears Say
Growth OpportunitiesThere are no near-to-medium term opportunities in high-performance computing for IREN.
Market ExposureThe mining business is heavily dependent on Bitcoin price, which many investors are hesitant to support.
Revenue DeclineAI Cloud revenue fell significantly, largely due to the ending of the Poolside contract.
---
Ownership Overview
―
Insiders
0.42% Mutual Funds
0.93% Other Institutional Investors
92.70% 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.
---
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 73 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.
---
Iris Energy Stock Smart Score
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.
---
IREN Earnings Call
Q4 2024
0:00 / 0:00
---
IREN Stock 12 Month Forecast
Average Price Target
$15.50
▲(41.04% Upside)
Technical Analysis
Best Analysts Covering IREN
1 Year
1 Year Success Rate
8/10 ratings generated profit
1 Year Average Return
+55.26%
reiterated a buy rating 3 months ago
Copying Reginald Smith's trades and holding each position for 1 Year would result in 80.00% of your transactions generating a profit, with an average return of +55.26% per trade.
---