IREN Ltd (NASDAQ:IREN) shares traded 6.81% higher at $7.21 on Wall Street last session.
IREN stock price is now -30.43% away from the 50-day moving average and -29.18% away from the 200-day moving average. The market capitalization of the company currently stands at $1.57B.
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With the price target reduced from $15 to $12, JP Morgan Upgraded its rating from Neutral to Overweight for IREN Ltd (NASDAQ: IREN). On December 20, 2024, BTIG Research recently initiated its ‘Buy’ rating on the stock quoting a target price of $33, while ‘JP Morgan’ rates the stock as ‘Neutral’
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 7.28% of the company’s stock is owned by insiders.
During the past 12 months, IREN Ltd has had a low of $4.15 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 0.94, and a quick ratio of 1.09. The fifty day moving average price for IREN is $10.3642 and a two-hundred day moving average price translates $10.180175 for the stock.
The latest earnings results from IREN Ltd (NASDAQ: IREN) was released for 2024-12-31. The net profit margin was -18.33% and return on equity was -6.15% for IREN. The company reported revenue of $119.59 million for the quarter, compared to $42.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 180.89 percent.
