Iris Energy Limited (NASDAQ:IREN - Get Free Report) saw some unusual options trading on Friday. Stock investors acquired 107,452 call options on the stock. This represents an increase of 48% compared to the typical volume of 72,615 call options.
Iris Energy Stock Down 3.4 %
Shares of NASDAQ:IREN traded down $0.44 during trading on Tuesday, hitting $12.42. The stock had a trading volume of 8,875,247 shares, compared to its average volume of 16,620,916. Iris Energy has a 12 month low of $4.15 and a 12 month high of $15.92. The firm's fifty day moving average is $11.74 and its 200 day moving average is $9.92.
Iris Energy (NASDAQ:IREN - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.11). Iris Energy had a negative net margin of 36.10% and a negative return on equity of 8.01%. As a group, equities research analysts anticipate that Iris Energy will post 0.11 EPS for the current fiscal year.
Analysts Set New Price Targets
IREN has been the subject of several analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and set a $15.00 target price (up from $9.50) on shares of Iris Energy in a report on Tuesday, December 10th. Cantor Fitzgerald upped their price target on Iris Energy from $20.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Iris Energy in a research report on Wednesday, November 27th. HC Wainwright upped their price target on Iris Energy from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Finally, Macquarie upped their price target on Iris Energy from $13.50 to $19.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Iris Energy currently has an average rating of "Moderate Buy" and an average target price of $19.50.
Get Our Latest Stock Report on IREN
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC bought a new position in Iris Energy during the 4th quarter valued at approximately $29,000. HM Payson & Co. bought a new position in Iris Energy during the 4th quarter valued at approximately $30,000. R Squared Ltd purchased a new stake in Iris Energy during the 4th quarter valued at $37,000. Farther Finance Advisors LLC purchased a new stake in Iris Energy during the 4th quarter valued at $98,000. Finally, AFG Fiduciary Services Limited Partnership purchased a new stake in Iris Energy during the 3rd quarter valued at $77,000. Institutional investors own 41.08% of the company's stock.
Iris Energy Company Profile
(
Get Free Report)
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
Further Reading
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