NASDAQ:IREN Iris Energy (IREN) Stock Price, News & Analysis $6.44 -0.33 (-4.87%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$6.31▼$7.0150-Day Range$6.44▼$15.0352-Week Range$2.79▼$15.75Volume13.73 million shsAverage Volume12.41 million shsMarket Capitalization$944.00 millionP/E RatioN/ADividend YieldN/APrice Target$16.25 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Iris Energy alerts: Email Address Iris Energy MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.89 Rating ScoreUpside/Downside152.3% Upside$16.25 Price TargetShort InterestHealthy4.09% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.48Based on 27 Articles This WeekInsider TradingN/AProj. Earnings Growth73.17%From $0.41 to $0.71 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.12 out of 5 starsOils/Energy Sector63rd out of 239 stocksNondepository Credit Institutions Industry4th out of 48 stocks 4.4 Analyst's Opinion Consensus RatingIris Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageIris Energy has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Iris Energy's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.09% of the float of Iris Energy has been sold short.Short Interest Ratio / Days to CoverIris Energy has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Iris Energy has recently increased by 5.18%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldIris Energy does not currently pay a dividend.Dividend GrowthIris Energy does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IREN. Previous Next 1.9 News and Social Media Coverage News SentimentIris Energy has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 27 news articles for Iris Energy this week, compared to 6 articles on an average week.Search InterestOnly 35 people have searched for IREN on MarketBeat in the last 30 days. This is a decrease of -3% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Iris Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -81% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Iris Energy insiders have not sold or bought any company stock.Percentage Held by Insiders21.55% of the stock of Iris Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions41.08% of the stock of Iris Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Iris Energy's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Iris Energy are expected to grow by 73.17% in the coming year, from $0.41 to $0.71 per share.Price to Book Value per Share RatioIris Energy has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Iris Energy's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Timothy SykesTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…Click here to see a unique election-year trade About Iris Energy Stock (NASDAQ:IREN)Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.Read More IREN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IREN Stock News HeadlinesSeptember 7 at 10:12 AM | globenewswire.comIRIS ENERGY LIMITED ANNOUNCEMENT: If You Have Suffered Losses in Iris Energy Limited (NASDAQ: IREN), You Are Encouraged to Contact The Rosen Law Firm About Your RightsSeptember 6 at 7:45 PM | prnewswire.comRosen Law Firm Encourages Iris Energy Limited Investors to Inquire About Securities Class Action Investigation - IRENSeptember 7, 2024 | Timothy Sykes (Ad)Tim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…September 6 at 6:17 AM | americanbankingnews.comIris Energy (NASDAQ:IREN) Coverage Initiated at Needham & Company LLCSeptember 5 at 4:58 PM | markets.businessinsider.comIris Energy: Hold Rating Amidst Solid Operations but Limited Growth Prospects in HPCSeptember 5 at 4:58 PM | markets.businessinsider.comROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Iris Energy Limited Investors to Inquire About Securities Class Action Investigation - IRENSeptember 5 at 4:58 PM | msn.comNeedham Initiates Coverage of Iris Energy (IREN) with Hold RecommendationSeptember 5 at 6:36 AM | globenewswire.comAugust 2024 Monthly Investor UpdateSeptember 7, 2024 | Timothy Sykes (Ad)Tim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…September 5 at 3:21 AM | americanbankingnews.comHead to Head Review: Sentage (NASDAQ:SNTG) vs. Iris Energy (NASDAQ:IREN)September 3, 2024 | insidermonkey.comIs Iris Energy (IREN) The Best Australian Stock To Buy According to Hedge Funds?September 3, 2024 | americanbankingnews.comIris Energy Limited (NASDAQ:IREN) Short Interest UpdateSeptember 3, 2024 | americanbankingnews.comQ1 2025 EPS Estimates for Iris Energy Limited Decreased by HC Wainwright (NASDAQ:IREN)September 3, 2024 | globenewswire.comROSEN, GLOBAL INVESTOR COUNSEL, Encourages Iris Energy Limited Investors to Inquire About Securities Class Action Investigation – IRENSeptember 2, 2024 | markets.businessinsider.comROSEN, LEADING TRIAL ATTORNEYS, Encourages Iris Energy Limited Investors to Inquire About Securities Class Action Investigation - IRENSeptember 1, 2024 | msn.comIris Energy (IREN) Posts Soaring Revenue in Response to Short Seller DoubtsSeptember 1, 2024 | americanbankingnews.comMacquarie Boosts Iris Energy (NASDAQ:IREN) Price Target to $13.50September 1, 2024 | americanbankingnews.comIris Energy Limited (NASDAQ:IREN) Receives $17.58 Average Target Price from AnalystsSee More Headlines Receive IREN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Iris Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Today9/07/2024Next Earnings (Estimated)11/27/2024Fiscal Year End6/30/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Nondepository credit institutions Sub-IndustryBanking Current SymbolNASDAQ:IREN CUSIPN/A CIK1878848 Webirisenergy.co Phone61-2-7906-8301FaxN/AEmployees100Year FoundedN/APrice Target and Rating Average Stock Price Target$16.25 High Stock Price Target$26.00 Low Stock Price Target$9.50 Potential Upside/Downside+152.3%Consensus RatingModerate Buy Rating Score (0-4)2.89 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current Ratio8.87 Quick Ratio7.47 Sales & Book Value Annual Sales$188.76 million Price / Sales5.00 Cash Flow$0.12 per share Price / Cash Flow53.45 Book Value$7.49 per share Price / Book0.86Miscellaneous Outstanding Shares146,584,000Free Float114,995,000Market Cap$944.00 million OptionableOptionable Beta3.41 The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. William Roberts (Age 34)Co-Founder, Co-CEO & Director Comp: $2.97MMr. Daniel Roberts (Age 40)Co-Founder, Co-CEO & Director Comp: $2.97MMs. Belinda Nucifora (Age 51)Chief Financial Officer Comp: $533.79kMr. David Shaw (Age 57)Chief Operating Officer Comp: $591.7kMs. Cesilia Kim (Age 49)Chief Legal & Risk Officer Comp: $475.35kMr. Denis Skrinnikoff (Age 40)Chief Technology Officer? Lincoln TanSenior Manager of Investor RelationsHeather MillerVice President of People, Culture & CommunityKent DraperChief Commercial OfficerMs. Yvonne MartinsGroup Financial ControllerMore ExecutivesKey CompetitorsCoastal FinancialNASDAQ:CCBGreenidge GenerationNASDAQ:GREEAxos FinancialNYSE:AXAtlantic Union BanksharesNASDAQ:AUBAssociated BancNYSE:ASBView All CompetitorsInstitutional OwnershipGordian Capital Singapore Pte LtdBought 13,223 shares on 8/30/2024Ownership: 0.009%Dana Investment Advisors Inc.Bought 14,252 shares on 8/27/2024Ownership: 0.010%Truist Financial CorpBought 1,575 shares on 8/21/2024Ownership: 0.035%Point72 Asset Management L.P.Bought 136,300 shares on 8/19/2024Ownership: 0.112%Creative PlanningSold 600 shares on 8/16/2024Ownership: 0.000%View All Institutional Transactions IREN Stock Analysis - Frequently Asked Questions How have IREN shares performed this year? Iris Energy's stock was trading at $7.15 at the beginning of the year. Since then, IREN shares have decreased by 9.9% and is now trading at $6.44. View the best growth stocks for 2024 here. When did Iris Energy IPO? Iris Energy (IREN) raised $215 million in an initial public offering on Wednesday, November 17th 2021. The company issued 8,269,231 shares at a price of $25.00-$27.00 per share. Who are Iris Energy's major shareholders? Top institutional investors of Iris Energy include Marshall Wace LLP (2.60%), Susquehanna International Group LLP, D1 Capital Partners L.P. (1.05%) and Hood River Capital Management LLC (0.82%). How do I buy shares of Iris Energy? Shares of IREN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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