NASDAQ:IREN Iris Energy (IREN) Stock Price, News & Analysis → Does this make you sick? (From Allegiance Gold) (Ad) Free IREN Stock Alerts $7.08 +0.72 (+11.32%) (As of 11:15 AM ET) Add Compare Share Share Today's Range$6.39▼$7.1550-Day Range$4.33▼$6.4752-Week Range$2.79▼$9.69Volume6.74 million shsAverage Volume8.95 million shsMarket Capitalization$472.24 millionP/E RatioN/ADividend YieldN/APrice Target$12.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Iris Energy alerts: Email Address Iris Energy MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside96.5% Upside$12.50 Price TargetShort InterestHealthy4.00% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.59Based on 26 Articles This WeekInsider TradingN/AProj. Earnings Growth2,466.67%From $0.03 to $0.77 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.3.43 out of 5 starsOils/Energy Sector98th out of 238 stocksNondepository Credit Institutions Industry13th out of 49 stocks 3.5 Analyst's Opinion Consensus RatingIris Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageIris Energy has only been the subject of 4 research reports in the past 90 days.Read more about Iris Energy's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.00% 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 0.5, 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 12.26%, 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 2.5 News and Social Media Coverage News SentimentIris Energy has a news sentiment score of 0.59. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 26 news articles for Iris Energy this week, compared to 3 articles on an average week.Search InterestOnly 27 people have searched for IREN on MarketBeat in the last 30 days. This is a decrease of -37% compared to the previous 30 days.MarketBeat Follows16 people have added Iris Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 45% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Iris Energy are expected to grow by 2,466.67% in the coming year, from $0.03 to $0.77 per share.Price to Book Value per Share RatioIris Energy has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued 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 Colonial MetalsConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareThe latest flare-up between Israel and Palestinian militants has sent gold prices surging. Why? Because savvy investors know the endgame of the elites at play… Geopolitical crises breed uncertainty — and gold thrives on uncertainty. See why the elites are pouring billions into gold. 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 HeadlinesMay 20 at 2:50 AM | americanbankingnews.comIris Energy Limited to Post FY2024 Earnings of $0.06 Per Share, B. Riley Forecasts (NASDAQ:IREN)May 20 at 2:50 AM | americanbankingnews.comHC Wainwright Equities Analysts Decrease Earnings Estimates for Iris Energy Limited (NASDAQ:IREN)May 18 at 5:36 AM | americanbankingnews.comCanaccord Genuity Group Increases Iris Energy (NASDAQ:IREN) Price Target to $12.00May 18 at 5:36 AM | americanbankingnews.comIris Energy (NASDAQ:IREN) Rating Reiterated by HC WainwrightMay 17, 2024 | americanbankingnews.comTraders Purchase High Volume of Put Options on Iris Energy (NASDAQ:IREN)May 17, 2024 | americanbankingnews.comIris Energy Target of Unusually High Options Trading (NASDAQ:IREN)May 17, 2024 | finanznachrichten.deIREN: IRIS ENERGY LIMITED's expansion plans increased to 30 EH/s in 2024May 16, 2024 | markets.businessinsider.comIris Energy: Strong Buy Rating on Rapid Expansion and Growth PotentialMay 16, 2024 | msn.comWhat's Going On With Bitcoin-Miner Iris Energy Stock After Earnings?May 16, 2024 | finanznachrichten.deIREN: IRIS ENERGY LIMITED Reports Third Quarter FY24 ResultsMay 15, 2024 | msn.comIREN expects to achieve 20 EH/s in Q3 and 30 EH/s hashrate in Q4 of 2024May 15, 2024 | globenewswire.comIREN Reports Third Quarter FY24 ResultsMay 15, 2024 | globenewswire.comIREN's expansion plans increased to 30 EH/s in 2024May 13, 2024 | americanbankingnews.comIris Energy (IREN) Set to Announce Earnings on WednesdayMay 7, 2024 | markets.businessinsider.comIris Energy: Strong Buy Rating on Rapid Exahash Expansion and Strategic AI Hosting ForayMay 6, 2024 | globenewswire.comIREN to Release Third Quarter Results and Host Conference Call on May 15, 2024May 6, 2024 | globenewswire.comApril 2024 Monthly Investor UpdateMay 2, 2024 | finance.yahoo.comWe're Not Worried About Iris Energy's (NASDAQ:IREN) Cash BurnMay 2, 2024 | msn.com'Music is for everybody': How Iris Collective is changing lives of Memphians young and oldApril 29, 2024 | globenewswire.comOperating hashrate increased to 9 EH/sApril 22, 2024 | seekingalpha.comThe Impact Of AI On Iris Energy's Bitcoin Mining SuccessApril 8, 2024 | globenewswire.comPoolside upsizes and extends AI Cloud Services contractApril 4, 2024 | investorplace.comPenny Stocks Explosion: 3 Must-Have Picks for the Upcoming Bull RunApril 4, 2024 | globenewswire.comIREN Announces Monthly Investor Update for March 2024April 3, 2024 | investorplace.comThe 3 Most Undervalued Blockchain Stocks to Buy in April 2024See 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 Today5/21/2024Fiscal Year End6/30/2024Next Earnings (Estimated)9/11/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Nondepository credit institutions Sub-IndustryN/A Current SymbolNASDAQ:IREN CUSIPN/A CIK1878848 Webirisenergy.co Phone61-2-7906-8301FaxN/AEmployees100Year FoundedN/APrice Target and Rating Average Stock Price Target$12.50 High Stock Price Target$24.00 Low Stock Price Target$9.50 Potential Upside/Downside+79.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 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 Ratio7.47 Quick Ratio7.47 Sales & Book Value Annual Sales$75.51 million Price / Sales6.16 Cash FlowN/A Price / Cash FlowN/A Book Value$4.58 per share Price / Book1.52Miscellaneous Outstanding Shares66,700,000Free Float52,328,000Market Cap$464.90 million OptionableOptionable Beta3.05 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. 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 CompetitorsStandard LithiumNYSE:SLIUranium RoyaltyNASDAQ:UROYOkloNYSE:OKLOAltC AcquisitionNYSE:ALCCMatrix ServiceNASDAQ:MTRXView All CompetitorsInstitutional OwnershipTidal Investments LLCSold 2,089 shares on 5/17/2024Ownership: 0.030%Jane Street Group LLCBought 30,300 shares on 5/16/2024Ownership: 0.000%Quadrature Capital LtdSold 156,863 shares on 5/15/2024Ownership: 0.113%PEAK6 Investments LLCBought 24,657 shares on 5/15/2024Ownership: 0.037%K2 Principal Fund L.P.Bought 125,000 shares on 5/14/2024Ownership: 0.187%View All Institutional Transactions IREN Stock Analysis - Frequently Asked Questions Should I buy or sell Iris Energy stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Iris Energy in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" IREN shares. View IREN analyst ratings or view top-rated stocks. What is Iris Energy's stock price target for 2024? 5 Wall Street research analysts have issued 12 month target prices for Iris Energy's shares. Their IREN share price targets range from $9.50 to $24.00. On average, they anticipate the company's stock price to reach $12.50 in the next twelve months. This suggests a possible upside of 96.5% from the stock's current price. View analysts price targets for IREN or view top-rated stocks among Wall Street analysts. How have IREN shares performed in 2024? Iris Energy's stock was trading at $7.15 at the beginning of 2024. Since then, IREN shares have decreased by 11.0% and is now trading at $6.36. View the best growth stocks for 2024 here. When is Iris Energy's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 11th 2024. View our IREN earnings forecast. What ETFs hold Iris Energy's stock? ETFs with the largest weight of Iris Energy (NASDAQ:IREN) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), Global X Blockchain ETF (BKCH), Grayscale Future of Finance ETF (GFOF), VanEck Digital Assets Mining ETF (DAM), iShares Blockchain and Tech ETF (IBLC), VanEck Digital Transformation ETF (DAPP), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) and Invesco Alerian Galaxy Crypto Economy ETF (SATO). When did Iris Energy IPO? Iris Energy (IREN) raised $215 million in an 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 Iris Energy's major shareholders? Iris Energy's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vident Advisory LLC (2.93%), Van ECK Associates Corp (2.76%), Simplex Trading LLC (0.00%), Mirae Asset Global Investments Co. Ltd. (0.61%), Russell Investments Group Ltd. (0.25%) and K2 Principal Fund L.P. (0.19%). 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. This page (NASDAQ:IREN) was last updated on 5/21/2024 by MarketBeat.com Staff From Our PartnersExposed: 10 CENT Crypto to Explode May 20th?True Market InsidersConflict In Israel Sends Gold Soaring ???? 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