IREN (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: $14.72 to $15.87
• 50-Day Range: $8.38 to $18.99
• 52-Week Range: $5.13 to $21.54
• Volume: 23.74 million shs
• Average Volume: 28.91 million shs
• Market Capitalization: $2.89 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $20.89
• Consensus Rating: Moderate Buy

IREN Stock Analysis - MarketRank™

IREN scored higher than 83% of companies evaluated by MarketBeat, and ranked 310th out of 919 stocks in the finance 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: Moderate Buy

Consensus Rating

IREN has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

IREN has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 227.91%

Earnings Growth

Earnings for IREN are expected to grow by 227.91% in the coming year, from $0.43 to $1.41 per share.

Price to Book Value per Share Ratio

IREN has a P/B Ratio of 2.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

13.81% of the float of IREN has been sold short.

Short Interest Ratio / Days to Cover

IREN has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in IREN has recently decreased by 4.84%, indicating that investor sentiment is improving.

Dividend

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

Dividend Yield

IREN does not currently pay a dividend.

Dividend Growth

IREN does not have a long track record of dividend growth.

Sustainability and ESG

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

Percentage of Shares Shorted

13.81% of the float of IREN has been sold short.

Short Interest Ratio / Days to Cover

IREN has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in IREN has recently decreased by 4.84%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.30

News Sentiment

IREN has a news sentiment score of 0.30. 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 0.80 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for IREN this week, compared to 13 articles on an average week.

Search Interest

128 people have searched for IREN on MarketBeat in the last 30 days. This is an increase of 103% compared to the previous 30 days.

MarketBeat Follows

42 people have added IREN to their MarketBeat watchlist in the last 30 days. This is an increase of 110% 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, IREN insiders have not sold or bought any company stock.

Percentage Held by Insiders

21.55% of the stock of IREN 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 IREN 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?

IREN's stock was trading at $9.82 at the beginning of the year. Since then, IREN stock has increased by 56.8% and is now trading at $15.40.

How were IREN's earnings last quarter?

IREN Limited (NASDAQ:IREN) issued its earnings results on Wednesday, May, 14th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.17 by $0.06. The company earned $148.10 million during the quarter, compared to analysts' expectations of $153.38 million. IREN had a negative net margin of 9.40% and a negative trailing twelve-month return on equity of 2.12%.
Read the conference call transcript.

When did IREN IPO?

IREN (IREN) raised $215 million in an initial public offering (IPO) on Wednesday, November 17th 2021. The company issued 8,269,231 shares at a price of $25.00-$27.00 per share.

Who are IREN's major shareholders?

Top institutional shareholders of IREN include IMC Chicago LLC, Exchange Traded Concepts LLC (0.53%), Allianz Asset Management GmbH (0.39%) and Y Intercept Hong Kong Ltd (0.25%).

How do I buy shares of IREN?

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.

What other stocks do shareholders of IREN own?

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

Company Calendar

• Last Earnings: 5/14/2025
• Today: 8/01/2025
• Next Earnings (Estimated): 8/27/2025
• Fiscal Year End: 6/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Utilities - Diversified
• Sub-Industry: Banking
• Current Symbol: NASDAQ:IREN
• Previous Symbol: NASDAQ:IREN
• CIK: 1878848
• Web: iren.com
• Phone: 61-2-7906-8301
• Fax: N/A
• Employees: 100
• Year Founded: N/A

Price Target and Rating

• Average Price Target for IREN: $20.89
• High Price Target: $33.00
• Low Price Target: $14.00
• Potential Upside/Downside: +35.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.91
• Research Coverage: 11 Analysts

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$28.95 million
• Net Margins: -9.40%
• Pretax Margin: -6.88%
• Return on Equity: -2.12%
• Return on Assets: -1.67%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.46
• Quick Ratio: 0.46

Sales & Book Value

• Annual Sales: $188.76 million
• Price / Sales: 15.33
• Cash Flow: $0.11 per share
• Price / Cash Flow: 139.76
• Book Value: $5.84 per share
• Price / Book: 2.64

Miscellaneous

• Outstanding Shares: 187,860,000
• Free Float: 147,379,000
• Market Cap: $2.89 billion
• Optionable: Optionable
• Beta: 3.98