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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 $5.99, up 1.53% from the previous day, and has increased 118.61% in one year. It has overperformed other stocks in the Capital Markets industry by 1.1 percentage points. Iris Energy stock is currently +171.04% from its 52-week low of $2.21, and -38.18% from its 52-week high of $9.69.

At the moment, there are 82.42M IREN shares outstanding. The market capitalization of IREN is $493.69M. In the past 24 hours, 5.21M 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.

Our preferred brokerage: eToro

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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.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  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
$5.99
1w %
-3.07%
1y %
118.61%
5y %
N/A
P/E
-0.39x
P/B
1.98x
P/S
6.01x
PEG
N/A
Revenue
$82.12M
Earnings
-$13.40M
Fore. Rev. Growth
92.86%
Fore. Earn. Growth
N/A
Market Cap
$493.69M
Next Earnings
N/A
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 overvalued based on its P/B ratio of 1.98x, relative to Capital Markets industry P/B ratio of 1.75x

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

A quick look at IREN Financials

Passed Health Checks:

  • IREN has $59.86M in cash and short term investments. This is enough to cover its annual cash burn of $47.95M.
  • IREN has cash burn of 47947712. It has enough cash and short-term investments to cover this for at least one year.
  • 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.
  • IREN has a low debt to equity ratio of 0.09.
  • IREN profit margin has gone up from -278.8% to -16.3% in the past year.

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

Out of 5 Wall Street analysts who monitor IREN, the consensus analyst rating on IREN is a Strong Buy

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

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

Metrics for Advanced IREN Traders

SMA10
6.48
SMA20
6.05
SMA50
5.89
SMA100
4.87
SMA200
4.81
MACD
0.29
MACD Signal
0.37
MACD Histogram
-0.08
RSI
50.16
Stochastic %K
21.65
Stochastic %D
37.93
StochRSI %K
1.04
StochRSI %D
16.68

IREN Performance Metrics

Last year, IREN revenue was $82.12M. In the past 1 years, IREN's revenue has grown by 117.94% per year. This was faster than the Capital Markets industry average of 14.68%.

Dig into IREN's earnings and revenue performance here.

Latest Insiders Trades at IREN

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

Learn more about who owns IREN shares here.

Does IREN stock generate passive income?

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

What do other investors have to say about IREN?

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

Click below to see what other community members have to say.

Step 5: Place your IREN trade

There are two main options:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a particular dollar amount limit, place a limit order.

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

If you require more assistance investing in stocks on eToro, click 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 stay up-to-date on your shares.

Create a watchlist to see the latest developments about your IREN stock.

IREN Feed

How to Buy Stock in Iris Energy

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

  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 online brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to watch your new investment in Iris Energy, add IREN to your watchlist below.

NASDAQ: IREN
$5.99+0.09 (+1.53%)
Updated Mar 1, 2024
Open eToro Account
NASDAQ: IREN
$5.99+0.09 (+1.53%)
Updated Mar 1, 2024
Open eToro Account

FAQ

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

As of Mar 1, 2024, it costs $5.99 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 $2, you can buy 0.334 shares of IREN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Iris Energy stock?

According to 5 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.