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Iris Energy (IREN)
NASDAQ:IREN
Holding IREN?
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IREN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$3.56 - $15.92
Previous Close$11.42
Volume14.51M
Average Volume (3M)17.83M
Market Cap
$2.23B
Enterprise Value$1.83B
Total Cash (Recent Filing)$404.60M
Total Debt (Recent Filing)$1.66M
Price to Earnings (P/E)―
Beta2.76
Next Earnings
Feb 13, 2025EPS Estimate
-$0.02Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.41
Shares Outstanding189,346,079
10 Day Avg. Volume15,034,427
30 Day Avg. Volume17,829,184
Standard Deviation0.35
R-Squared0.26
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)2.04
Price to Sales (P/S)50.77
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue212.37
Enterprise Value/Gross Profit9.70
Enterprise Value/Ebitda-14.89
Forecast
1Y Price Target
$20.55Price Target Upside74.01% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
Iris Energy News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAnalyst raises the price target to $20, reflecting a belief in IREN's potential and optionality on a large power portfolio.
Growth And ExpansionIREN remains the fastest-growing BTC miner and now has arguably the most efficient nameplate efficiency at ~15 J/TH.
Strategic PartnershipsManagement cited interest from a $1 trillion+ hyperscaler in its Sweetwater site for high-performance computing.
Bears Say
Financial PerformanceEBITDA was $3M compared to $10M expected by Needham and $7M by consensus.
Market SentimentThe mining business remains a beta on Bitcoin price, and many investors prefer not to underwrite the Bitcoin price.
Revenue DeclineAI Cloud revenue fell ~47% m/m, largely due to the ending of the Poolside contract.
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Ownership Overview
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Insiders
0.03% Mutual Funds
8.00% Other Institutional Investors
86.05% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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IREN FAQ
What was Iris Energy’s price range in the past 12 months?
Iris Energy lowest stock price was $3.56 and its highest was $15.92 in the past 12 months.
What is Iris Energy’s market cap?
Currently, no data Available
When is Iris Energy’s upcoming earnings report date?
Iris Energy’s upcoming earnings report date is Feb 13, 2025 which is in 54 days.
How were Iris Energy’s earnings last quarter?
Iris Energy released its earnings results on Nov 26, 2024. The company reported -$0.27 earnings per share for the quarter, missing the consensus estimate of -$0.075 by -$0.195.
Is Iris Energy overvalued?
According to Wall Street analysts Iris Energy’s price is currently Undervalued.
Does Iris Energy pay dividends?
Iris Energy does not currently pay dividends.
What is Iris Energy’s EPS estimate?
Iris Energy’s EPS estimate is -$0.02.
How many shares outstanding does Iris Energy have?
Iris Energy has 197,129,490 shares outstanding.
What happened to Iris Energy’s price movement after its last earnings report?
Iris Energy reported an EPS of -$0.27 in its last earnings report, missing expectations of -$0.075. Following the earnings report the stock price went up 29.707%.
Which hedge fund is a major shareholder of Iris Energy?
Among the largest hedge funds holding Iris Energy’s share is D1 Capital Partners LP. It holds Iris Energy’s shares valued at 13M.
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Iris Energy Stock Smart Score
Company Description
Iris Energy
Iris Energy Ltd is a bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin primarily powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.
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IREN Company Deck
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IREN Earnings Call
Q1 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth and expansion plans with low-cost Bitcoin production and strong cash flows. However, increased electricity costs and uncertainty in the AI market present challenges.Read More>---
IREN Stock 12 Month Forecast
Average Price Target
$20.55
▲(74.01% Upside)
Technical Analysis
Best Analysts Covering IREN
1 Year
1 Year Success Rate
5/5 ratings generated profit
1 Year Average Return
+24.60%
reiterated a buy rating 25 days ago
Copying Brett Knoblauch's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +24.60% per trade.
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