Iris Energy (IREN) Stock Price, News & Analysis

Company Overview

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

Key Stats

• Today's Range: $9.90 to $10.91
• 50-Day Range: $7.33 to $12.75
• 52-Week Range: $2.84 to $15.75
• Volume: 17.09 million shs
• Average Volume: 13.30 million shs
• Market Capitalization: $1.90 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $15.44
• Consensus Rating: Buy

Iris Energy Stock Analysis - MarketRank™

Iris Energy scored higher than 86% of companies evaluated by MarketBeat, and ranked 50th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Buy

Consensus Rating

Iris Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Iris Energy has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 44.44%

Earnings Growth

Earnings for Iris Energy are expected to grow by 44.44% in the coming year, from $0.18 to $0.26 per share.

Price to Book Value per Share Ratio

Iris Energy has a P/B Ratio of 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.78% of the float of Iris Energy has been sold short.

Short Interest Ratio / Days to Cover

Iris Energy has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Iris Energy has recently decreased by 7.10%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Iris Energy does not currently pay a dividend.

Dividend Growth

Iris Energy does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.78% of the float of Iris Energy has been sold short.

Short Interest Ratio / Days to Cover

Iris Energy has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Iris Energy has recently decreased by 7.10%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.13

News Sentiment

Iris Energy has a news sentiment score of 0.13. 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 Week

MarketBeat has tracked 27 news articles for Iris Energy this week, compared to 9 articles on an average week.

Search Interest

39 people have searched for IREN on MarketBeat in the last 30 days. This is an increase of 63% compared to the previous 30 days.

MarketBeat Follows

Only 14 people have added Iris Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Iris Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

21.55% 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 Institutions

41.08% of the stock of Iris Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

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 increased by 41.3% and is now trading at $10.10.
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?

Iris Energy's top institutional investors include Jane Street Group LLC, Van ECK Associates Corp (1.10%), Regal Partners Ltd (0.47%) and Geode Capital Management LLC (0.39%).

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.

What other stocks do shareholders of Iris Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Iris Energy investors own include Waste Connections (WCN), AUO (AUOTY), American Water Works (AWK), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Today: 11/20/2024
• Next Earnings (Estimated): 11/27/2024
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Nondepository credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:IREN
• CUSIP: N/A
• CIK: 1878848
• Web: irisenergy.co
• Phone: 61-2-7906-8301
• Fax: N/A
• Employees: 100
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $15.44
• High Stock Price Target: $26.00
• Low Stock Price Target: $9.50
• Potential Upside/Downside: +52.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 8.87
• Quick Ratio: 8.87

Sales & Book Value

• Annual Sales: $188.76 million
• Price / Sales: 10.05
• Cash Flow: $0.11 per share
• Price / Cash Flow: 92.39
• Book Value: $5.84 per share
• Price / Book: 1.73

Miscellaneous

• Outstanding Shares: 187,864,000
• Free Float: 147,379,000
• Market Cap: $1.90 billion
• Optionable: Optionable
• Beta: 3.39