Stocks of IREN Ltd (NASDAQ:IREN) traded higher last session on Wall Street, down -9.84% to $10.81.
IREN stock price is now -7.82% away from the 50-day moving average and 16.34% away from the 200-day moving average. The market capitalization of the company currently stands at $2.11B.
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With the price target of $33, BTIG Research recently initiated with Buy rating for IREN Ltd (NASDAQ: IREN). On December 10, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock increasing its target price from $9.50 to quote $15, while ‘ROTH MKM’ rates the stock as ‘Buy’
In other news, Christopher Guzowski, Director bought 28,970 shares of the company’s stock on Sep 17 ’24. The stock was bought for $223,938 at an average price of $7.73. A total of 8.09% of the company’s stock is owned by insiders.
During the past 12 months, IREN Ltd has had a low of $3.56 and a high of $15.92. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.09, and a quick ratio of 1.09. The fifty day moving average price for IREN is $11.6895 and a two-hundred day moving average price translates $9.265175 for the stock.
The latest earnings results from IREN Ltd (NASDAQ: IREN) was released for 2024-06-30. The company reported revenue of $54.35 million for the quarter, compared to $13.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 295.12 percent. For the current quarter, analysts expect IREN to generate $117.31M in revenue.
