IREN Ltd [IREN] stock is trading at $15.39, up 8.76%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The IREN shares have gain 13.92% over the last week, with a monthly amount glided 39.40%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
IREN Ltd [NASDAQ: IREN] stock has seen the most recent analyst activity on October 02, 2024, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $14. On July 10, 2024, Bernstein initiated with a Outperform rating and assigned a price target of $26 on the stock. JP Morgan upgraded its rating to a Overweight and raised its price target to $6.50 on October 11, 2023. Cantor Fitzgerald upgraded its rating to Overweight for this stock on May 12, 2023, and upped its price target to $7. In a note dated April 06, 2023, B. Riley Securities initiated an Buy rating and provided a target price of $4 on this stock.
IREN Ltd [IREN] stock has fluctuated between $3.56 and $15.75 over the past year. Currently, Wall Street analysts expect the stock to reach $15.58 within the next 12 months. IREN Ltd [NASDAQ: IREN] shares were valued at $15.39 at the most recent close of the market. An investor can expect a potential return of 1.23% based on the average IREN price forecast.
Analyzing the IREN fundamentals
IREN Ltd [NASDAQ:IREN] reported sales of 205.56M for the trailing twelve months, which represents a growth of 53.40%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at -0.35%, Pretax Profit Margin comes in at -0.34%, and Net Profit Margin reading is -0.36%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.09 and Total Capital is -0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.41 points at the first support level, and at 13.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.15, and for the 2nd resistance point, it is at 16.90.
Ratios To Look Out For
For context, IREN Ltd’s Current Ratio is 1.09. As well, the Quick Ratio is 1.09, while the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 15.93, the price to book ratio is 2.69.
Transactions by insiders
Recent insider trading involved Christopher Guzowski, Director, that happened on Sep 17 ’24 when 28970.0 shares were purchased.
