At the time of writing, IREN Ltd [IREN] stock is trading at $13.32, up 8.47%. 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 16.33% over the last week, with a monthly amount glided 12.79%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
IREN Ltd [NASDAQ: IREN] stock has seen the most recent analyst activity on December 20, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $33. Previously, JP Morgan downgraded its rating to Neutral on December 10, 2024, and elevated its price target to $15. On October 02, 2024, ROTH MKM initiated with a Buy rating and assigned a price target of $14 on the stock. Needham started tracking the stock assigning a Hold rating. Bernstein initiated its recommendation with a Outperform and recommended $26 as its price target on July 10, 2024. In a note dated October 11, 2023, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $6 to $6.50.
For the past year, the stock price of IREN Ltd fluctuated between $3.56 and $15.92. Currently, Wall Street analysts expect the stock to reach $13.88 within the next 12 months. IREN Ltd [NASDAQ: IREN] shares were valued at $13.32 at the most recent close of the market. An investor can expect a potential return of 4.2% based on the average IREN price forecast.
Analyzing the IREN fundamentals
According to IREN Ltd [NASDAQ:IREN], the company’s sales were 205.56M for trailing twelve months, which represents an 53.40% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 12.33 points at the first support level, and at 11.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.97, and for the 2nd resistance point, it is at 14.61.
Ratios To Look Out For
It is important to note that IREN Ltd [NASDAQ:IREN] has a current ratio of 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 12.68, the price to book ratio is 2.32.
Transactions by insiders
Recent insider trading involved Christopher Guzowski, Director, that happened on Sep 17 ’24 when 28970.0 shares were purchased.
