Should I buy or sell Iris Energy stock right now?

5 Wall Street 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 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 equities research analysts have issued 12 month target prices for Iris Energy's stock. Their IREN share price targets range from $9.00 to $24.00. On average, they expect the company's stock price to reach $12.00 in the next year. This suggests a possible upside of 177.1% 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 stock has decreased by 39.4% and is now trading at $4.33. View the best growth stocks for 2024 here .

Are investors shorting Iris Energy?

Iris Energy saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,060,000 shares, an increase of 102.0% from the March 15th total of 1,020,000 shares. Based on an average daily trading volume, of 9,670,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 2.3% of the shares of the stock are short sold. View Iris Energy's Short Interest .

When is Iris Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024. View our IREN earnings forecast .

How were Iris Energy's earnings last quarter?

Iris Energy Limited (NASDAQ:IREN) issued its earnings results on Thursday, February, 15th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $42.57 million for the quarter, compared to the consensus estimate of $37.58 million.

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) , Grayscale Future of Finance ETF (GFOF) , VanEck Digital Transformation ETF (DAPP) , VanEck Digital Assets Mining ETF (DAM) , Global X Blockchain ETF (BKCH) , iShares Blockchain and Tech ETF (IBLC) , Bitwise Crypto Industry Innovators ETF (BITQ) and Invesco Alerian Galaxy Crypto Economy ETF (SATO) .

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 $25.00-$27.00 per share.

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 .

NASDAQ:IREN

Iris Energy (IREN) Stock Price, News & Analysis

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Free IREN Stock Alerts

$4.33

-0.32 (-6.88%)

(As of 04/15/2024 ET)

Compare

Today's Range: $4.31
▼
$4.73
50-Day Range: $3.84
▼
$8.30
52-Week Range: $2.79
▼
$9.69

Volume: 5.40 million shs
Average Volume: 11.57 million shs
Market Capitalization: $288.81 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $12.00

Get Iris Energy alerts:

Iris Energy MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 177.1% Upside
$12.00 Price Target
Short Interest: Healthy
2.25% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.17
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 1,000.00%
From $0.08 to $0.88 Per Share

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.

3.81 out of 5 stars

Oils/Energy Sector

88th out of 244 stocks

Nondepository Credit Institutions Industry

12th out of 46 stocks

3.5

Analyst's Opinion

Consensus Rating
Iris 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 Coverage
Iris Energy has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.25% 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 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Iris Energy has recently increased by 101.96%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Iris Energy does not currently pay a dividend.
Dividend Growth
Iris Energy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for IREN.

3.4

News and Social Media Coverage

News Sentiment
Iris Energy has a news sentiment score of 1.17. 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 higher news sentiment than the 0.57 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Iris Energy this week, compared to 3 articles on an average week.
Search Interest
50 people have searched for IREN on MarketBeat in the last 30 days. This is an increase of 11% compared to the previous 30 days.
MarketBeat Follows
Only 17 people have added Iris Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Iris Energy are expected to grow by 1,000.00% in the coming year, from $0.08 to $0.88 per share.
Price to Book Value per Share Ratio
Iris Energy has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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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.

IREN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

IREN Stock News Headlines

April 8, 2024 | globenewswire.com

Poolside upsizes and extends AI Cloud Services contract

April 8, 2024 | americanbankingnews.com

Iris Energy Limited (NASDAQ:IREN) Receives Average Rating of "Buy" from Analysts

April 16, 2024 | InvestorPlace (Ad)

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April 6, 2024 | americanbankingnews.com

Iris Energy (NASDAQ:IREN) vs. Magic Empire Global (NASDAQ:MEGL) Head to Head Review

April 4, 2024 | investorplace.com

Penny Stocks Explosion: 3 Must-Have Picks for the Upcoming Bull Run

April 4, 2024 | globenewswire.com

IREN Announces Monthly Investor Update for March 2024

April 3, 2024 | investorplace.com

The 3 Most Undervalued Blockchain Stocks to Buy in April 2024

April 3, 2024 | finance.yahoo.com

Implied Volatility Surging for Iris Energy (IREN) Stock Options

April 16, 2024 | InvestorPlace (Ad)

Forget Nvidia, buy this A.I. Stock Now

April 2, 2024 | markets.businessinsider.com

Iris Energy’s Strong Expansion and Diversification Strategy Supports Buy Rating

April 1, 2024 | marketwatch.com

Iris Energy Shares Rise 11% on Fully Funded 2024 Expansion Following Equity Raise

April 1, 2024 | investorplace.com

3 Stocks to Ditch Following the April Bitcoin Halving

April 1, 2024 | globenewswire.com

20 EH/s expansion fully funded

March 28, 2024 | markets.businessinsider.com

What Analysts Are Saying About Iris Energy Stock

March 26, 2024 | msn.com

Hut 8, Iris Energy among financial movers

March 25, 2024 | benzinga.com

Unpacking the Latest Options Trading Trends in Iris Energy

March 22, 2024 | finance.yahoo.com

Is Iris Energy Limited (NASDAQ:IREN) Trading At A 50% Discount?

March 17, 2024 | finance.yahoo.com

IREN Mar 2024 6.500 call

March 15, 2024 | investorplace.com

7 Penny Stocks That Can Make You a Millionaire in One Year

March 13, 2024 | finance.yahoo.com

The Zacks Analyst Blog Highlights NVIDIA, Coinbase Global, Block, CleanSpark and Iris Energy

March 11, 2024 | finance.yahoo.com

IREN Mar 2024 12.500 call

March 11, 2024 | finance.yahoo.com

IREN Mar 2024 6.500 put

March 10, 2024 | finance.yahoo.com

IREN Mar 2024 8.500 call

March 9, 2024 | ca.finance.yahoo.com

IREN Mar 2024 3.500 put

March 6, 2024 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Synchrony Financial (SYF) and Iris Energy (IREN)

March 6, 2024 | globenewswire.com

IREN Announces Monthly Investor Update for February 2024

March 4, 2024 | finance.yahoo.com

IREN Mar 2024 7.500 put

See More Headlines

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Company Calendar

Last Earnings: 2/15/2024
Today: 4/15/2024
Next Earnings (Estimated): 5/16/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Oils/Energy
Industry: Nondepository credit institutions
Sub-Industry: N/A
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: $12.00
High Stock Price Target: $24.00
Low Stock Price Target: $9.00
Potential Upside/Downside: +177.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 5 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: 3.38
Quick Ratio: 3.38

Sales & Book Value

Annual Sales: $75.51 million
Price / Sales: 3.82
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.58 per share
Price / Book: 0.95

Miscellaneous

Outstanding Shares: 66,700,000
Free Float: 52,328,000
Market Cap: $288.81 million
Optionable: Optionable
Beta: 3.02

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Key Executives

Mr. William Roberts (Age 34)
Co-Founder, Co-CEO & Director
Comp: $2.97M
Mr. Daniel Roberts (Age 40)
Co-Founder, Co-CEO & Director
Comp: $2.97M
Ms. Belinda Nucifora (Age 51)
Chief Financial Officer
Comp: $533.79k
Mr. David Shaw (Age 57)
Chief Operating Officer
Comp: $591.7k
Ms. Cesilia Kim (Age 49)
Chief Legal & Risk Officer
Comp: $475.35k
Mr. Denis Skrinnikoff (Age 40)
Chief Technology Officer?
Lincoln Tan
Senior Manager of Investor Relations
Heather Miller
Vice President of People, Culture & Community
Kent Draper
Chief Commercial Officer
Ms. Yvonne Martins
Group Financial Controller

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

IREN Stock Analysis - Frequently Asked Questions

Should I buy or sell Iris Energy stock right now?: 5 Wall Street 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 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 equities research analysts have issued 12 month target prices for Iris Energy's stock. Their IREN share price targets range from $9.00 to $24.00. On average, they expect the company's stock price to reach $12.00 in the next year. This suggests a possible upside of 177.1% 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 stock has decreased by 39.4% and is now trading at $4.33.
View the best growth stocks for 2024 here.
Are investors shorting Iris Energy?: Iris Energy saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,060,000 shares, an increase of 102.0% from the March 15th total of 1,020,000 shares. Based on an average daily trading volume, of 9,670,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 2.3% of the shares of the stock are short sold.
View Iris Energy's Short Interest.
When is Iris Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
View our IREN earnings forecast.

How were Iris Energy's earnings last quarter?: Iris Energy Limited (NASDAQ:IREN) issued its earnings results on Thursday, February, 15th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $42.57 million for the quarter, compared to the consensus estimate of $37.58 million.
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), Grayscale Future of Finance ETF (GFOF), VanEck Digital Transformation ETF (DAPP), VanEck Digital Assets Mining ETF (DAM), Global X Blockchain ETF (BKCH), iShares Blockchain and Tech ETF (IBLC), Bitwise Crypto Industry Innovators ETF (BITQ) and Invesco Alerian Galaxy Crypto Economy ETF (SATO).
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 $25.00-$27.00 per share.
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 4/16/2024 by MarketBeat.com Staff

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