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How to Buy Iris Energy Stock

Iris Energy Ltd

Iris Energy Limited operates as a bitcoin mining company. The company was incorporated in 2018 and is based in Sydney, Australia. .

Iris Energy stock last closed at $2.25, down 7.61% from the previous day, and has decreased 82.04% in one year. It has underperformed other stocks in the Capital Markets industry by 0.82 percentage points. Iris Energy stock is currently +120.1% from its 52-week low of $1.02, and -87.51% from its 52-week high of $17.97.

At the moment, there are 53.03M IREN shares outstanding. The market capitalization of IREN is $119.05M. In the past 24 hours, 203,933 IREN shares were traded.

How to Buy Iris Energy Stock

Not sure how to invest in Iris Energy stock? Here's how.
  1. Choose where to buy Iris Energy stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Iris Energy stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Put funds into your investment account: Select your payment method and add your details.
  4. Research Iris Energy stock: The Iris Energy ticker symbol is IREN. Is Iris Energy stock a good investment? Should you buy shares of IREN? How do IREN's underlying business fundamentals look? Do top analysts think Iris Energy is a good buy? Why has IREN's stock price moved recently? (Hint: Our stock research website can help you understand if IREN is a good stock to buy).
  5. Place your IREN trade: Decide if you will purchase IREN shares at the current market price or use a limit order to purchase IREN shares at a particular price.
  6. Get the latest scoop on your IREN position: Create a watchlist to important notifications about your investment in Iris Energy shares.

Step 1: Choose where to buy Iris Energy stock

You will need a brokerage account to access the NASDAQ market and buy IREN stock.

A brokerage account enables you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've selected the right brokerage, the next step is to fill out some personal information so you can invest in IREN today.

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  1. Click here to get started.
  2. Input your personal details to create your new trading account.
  1. Submit your details by hitting the "Create Account" button.
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Step 3: Put funds into your investment account

Now that you have opened your account on the best stock market app for beginners, you need to deposit funds:

Check out the video below if you need help transferring funds into your brokerage account.

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Step 4: Research Iris Energy stock

Once you have decided on the best place to buy Iris Energy stock, it's absolutely critical to evaluate their stock before you buy, so you can comprehend the risk and opportunity.

Iris Energy shares quick numbers

IREN Price
$2.25
1w %
7.67%
1y %
-82.04%
5y %
N/A
P/E
0x
P/B
0.42x
P/S
3.14x
PEG
N/A
Revenue
$37.85M
Earnings
-$269.08M
Fore. Rev. Growth
935.43%
Fore. Earn. Growth
N/A
Market Cap
$119.05M
Next Earnings
Feb 8, 2023
Next Dividend
N/A

IREN Overview

WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on IREN's stock page.

Is IREN stock properly valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge IREN's true value.

Using relative valuations ratios:

  • IREN could be undervalued based on its P/B ratio of 0.42x, relative to Capital Markets industry P/B ratio of 1.86x

You can access more valuation research on IREN's stock here.

A quick look at IREN Financials

Passed Health Checks:

  • IREN has a low debt to equity ratio of 0.3.
  • There are more short-term assets than short-term liabilities on the IREN balance sheet.
  • There are more short-term assets than long-term liabilities on the IREN balance sheet.

Failed Health Checks:

  • IREN has cash burn of 174775641. It does not have enough cash and short-term investments to cover this.
  • IREN has $70.49M in cash and short term investments. This is not enough to cover its annual cash burn of $174.78M.
  • IREN profit margin has gone up by 0.01 percentage points in the past year, but the company is still unprofitable.

Do Wall Street analysts think it's a good time to buy Iris Energy stock

Out of 6 Wall Street analysts who monitor IREN, the consensus analyst rating on IREN is a Buy

It's important to note that analyst ratings are not recommendations, nor are they investment advice.

Latest IREN Analyst Ratings

Mike Colonnese, a bottom 9% analyst from HC Wainwright & Co. downgrades IREN to a hold rating and lowers their IREN price target from $7.00 to $3.00, on Nov 22, 2022.

Josh Siegler, a bottom 3% analyst from Cantor Fitzgerald downgrades IREN to a hold rating and lowers their IREN price target from $7.00 to $3.00, on Nov 8, 2022.

Chase White, a bottom 10% analyst from Compass Point maintains IREN with a strong buy rating and raises their IREN price target from $6.50 to $8.50, on Oct 25, 2022.

Stephen Glagola, a bottom 5% analyst from Cowen & Co. downgrades IREN to a hold rating and lowers their IREN price target from $14.00 to $4.30, on Sep 23, 2022.

Tyler Radke, a bottom 49% analyst from Citigroup maintains IREN with a strong buy rating and lowers their IREN price target from $8.00 to $6.00, on Sep 15, 2022.

You can dig deeper into what analysts are saying on the Iris Energy stock forecast page.

IREN Technical Indicators

SMA10
2.19
SMA20
1.99
SMA50
1.62
SMA100
2.48
SMA200
3.89
MACD
0.18
MACD Signal
0.16
MACD Histogram
0.02
RSI
61.64
Stochastic %K
73.93
Stochastic %D
81.43
StochRSI %K
38.86
StochRSI %D
58.83

IREN Earnings

Last year, IREN revenue was $37.85M. In the past 2 year, IREN's revenue has increased by 421.06% per year. This was faster than the Capital Markets industry average of 17.12%.

Dig into IREN's earnings and revenue performance here.

What are IREN executives and large shareholders up to?

In the past 12 months, insiders at IREN have not bought or sold any shares.

Dig into more about who owns IREN shares here.

Can I get consistent income from IREN stock?

No, Iris Energy doesn't provide an income stream by paying out dividends.

Get analysis from other traders

One of the reasons eToro is our favorite brokerage is because of its social trading community.

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Step 5: Place your IREN trade

You have two primary options:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are mostly fine for most investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a particular dollar amount limit, use a limit order.

Press the Open Trade button and your broker will execute your order.

If you require additional help buying stocks on eToro, watch the how to video below:

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Step 6: Get the latest scoop on your IREN position

Now that you own some IREN stock, you'll want to keep up with your new investment.

Add IREN to a watchlist to get notified of important updates regarding your IREN stock.

IREN Feed

How to Buy Stock in Iris Energy

To reiterate, here are the 6 steps to buy Iris Energy stock:

  1. Choose where to buy Iris Energy stock
  2. Sign up for a brokerage account
  3. Put funds into your investment account
  4. Research Iris Energy stock
  5. Place your IREN trade
  6. Get the latest scoop on your IREN position

If you are looking for a place to buy stocks, eToro is our recommended option.

Get Started with eToro Today

If you want to get notifications regarding your investment in Iris Energy, get started below.

NASDAQ: IREN
$2.25-0.19 (-7.61%)
Updated Feb 3, 2023
Open eToro Account
NASDAQ: IREN
$2.25-0.19 (-7.61%)
Updated Feb 3, 2023
Open eToro Account

FAQ

How much does it cost to buy one Iris Energy share?

As of Feb 3, 2023, it costs $2.25 to buy one share of Iris Energy stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.445 shares of IREN.

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Is now a good time to buy Iris Energy stock?

According to 6 Wall Street analysts who monitor Iris Energy, their consensus recommendation is to buy Iris Energy stock.

What is the best way to buy Iris Energy stock?

One way to place an order for Iris Energy stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.