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.
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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.
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You can see all of the due diligence checks on IREN's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge IREN's true value.
Using relative valuations ratios:
You can access more valuation research on IREN's stock here.
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.
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.
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.
In the past 12 months, insiders at IREN have not bought or sold any shares.
Dig into more about who owns IREN shares here.
No, Iris Energy doesn't provide an income stream by paying out dividends.
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