IREN (NASDAQ:IREN) Trading Down 4% – Time to Sell?

IREN Limited (NASDAQ:IREN) was down 4% during mid-day trading on Friday . The company traded as low as $39.53 and last traded at $40.30. Approximately 19,977,654 shares traded hands during trading, a decline of 24% from the average daily volume of 26,255,230 shares. The stock had previously closed at $41.98.

Key Stores Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN is highlighted as a core infrastructure play for AI workloads after signing a lucrative deal with Microsoft, underscoring the company’s role supplying power and data-center capacity that AI chips require — a catalyst for durable demand growth. Prediction: 1 Artificial Intelligence Stock Will Lead the Next Bull Market
• Positive Sentiment: Growth signals: IREN reported a record quarter ($240M revenue) and has secured multi‑year wins and an expanding AI client base, suggesting revenue is broadening beyond a single anchor customer and may be becoming more durable. That supports estimates for sustained top-line growth. IREN’s AI Client Base Expands: Is Growth Becoming More Durable?
• Positive Sentiment: Analysts project explosive demand across AI infrastructure names, with some forecasting triple‑digit revenue growth in 2026; this sector momentum can lift IREN given its outsourced energy/data‑center positioning. Analysts See Triple-Digit Revenue Growth in 2026 for These 3 AI Infrastructure Stocks
• Negative Sentiment: Risks remain: a recent analysis warns that while the “AI cloud moment” is real, IREN faces meaningful risks — customer concentration, heavy capital and energy investments, margin pressure and competitive execution — which could amplify volatility and hurt near‑term profitability. IREN: AI Cloud Moment Is Real, But So Are The Risks

Analyst Ratings Changes

IREN has been the topic of a number of research reports. Roth Capital set a $94.00 price target on IREN and gave the company a “buy” rating in a research report on Monday, November 3rd. Wall Street Zen lowered IREN from a “hold” rating to a “sell” rating in a research report on Monday, December 22nd. Compass Point reissued a “buy” rating and set a $105.00 price objective on shares of IREN in a report on Friday, November 7th. Citizens Jmp began coverage on IREN in a research report on Wednesday, November 19th. They issued a “market outperform” rating and a $80.00 target price for the company. Finally, JMP Securities set a $80.00 price target on shares of IREN in a research report on Wednesday, November 19th. Twelve research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.64.

IREN Stock Performance

The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average price of $50.09 and a 200 day moving average price of $35.18. The stock has a market cap of $11.42 billion, a PE ratio of 20.77 and a beta of 4.23.

Institutional Trading of IREN

Several hedge funds and other institutional investors have recently bought and sold shares of IREN. Y Intercept Hong Kong Ltd bought a new position in shares of IREN in the 2nd quarter worth approximately $6,877,000. X Square Capital LLC grew its stake in IREN by 129.9% in the second quarter. X Square Capital LLC now owns 435,951 shares of the company’s stock worth $6,352,000 after purchasing an additional 246,333 shares during the period. Balefire LLC purchased a new stake in IREN in the second quarter worth $1,214,000. Hood River Capital Management LLC bought a new position in IREN in the second quarter worth $74,228,000. Finally, Hartline Investment Corp purchased a new position in IREN during the second quarter valued at $228,000. Institutional investors own 41.08% of the company’s stock.

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.