With 15.19 million shares changed hands, the volume of the stock remained lighter than its average volume of 15.71 million shares. The 52-week range on IREN shows that it touched its highest point at $15.92 and its lowest point at $4.15 during that stretch. It currently has a 1-year price target of $21.91. Beta for the stock currently stands at 3.63.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IREN was down-trending over the past week, with a drop of -12.55%, but this was down by -42.88% over a month. Three-month performance dropped to -53.61% while six-month performance fell -2.22%. The stock gained 22.59% in the past year, while it has lost -32.59% so far this year. A look at the trailing 12-month EPS for IREN yields -0.26 with Next year EPS estimates of 1.39. For the next quarter, that number is 0.18. This implies an EPS growth rate of 203.29% for this year and 362.53% for next year.
Float and Shares Shorts:
At present, 213.50 million IREN shares are outstanding with a float of 200.40 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IREN since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.00439833 being high and -$0.00125667 being low. For IREN, this leads to a yearly average estimate of $0.001885. Based on analyst estimates, the high estimate for the next quarter is $0.38 and the low estimate is $0.38. The average estimate for the next quarter is thus $0.38.
