With 18.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 13.99 million shares. The 52-week range on IREN shows that it touched its highest point at $15.92 and its lowest point at $4.65 during that stretch. It currently has a 1-year price target of $17.93. Beta for the stock currently stands at 3.69.
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 up-trending over the past week, with a rise of 7.81%, but this was up by 19.32% over a month. Three-month performance dropped to -43.54% while six-month performance fell -21.25%. The stock gained 38.86% in the past year, while it has lost -28.31% so far this year. A look at the trailing 12-month EPS for IREN yields -0.26 with Next year EPS estimates of 0.89. For the next quarter, that number is 0.12. This implies an EPS growth rate of 136.43% for this year and 744.69% for next year.
Float and Shares Shorts:
At present, 213.50 million IREN shares are outstanding with a float of 211.29 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.
