NASDAQ:IREN Iris Energy (IREN) Stock Price, News & Analysis → After Conviction, More Bad News for Trump (From Paradigm Press) (Ad) Free IREN Stock Alerts $10.53 +0.26 (+2.53%) (As of 06/7/2024 ET) Add Compare Share Share Today's Range$10.20▼$11.5050-Day Range$4.33▼$10.2752-Week Range$2.79▼$11.49Volume25.27 million shsAverage Volume9.83 million shsMarket Capitalization$1.54 billionP/E RatioN/ADividend YieldN/APrice Target$12.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Iris Energy alerts: Email Address Iris Energy MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside21.1% Upside$12.75 Price TargetShort InterestHealthy4.10% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.93Based on 13 Articles This WeekInsider TradingN/AProj. Earnings Growth2,066.67%From $0.03 to $0.65 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.39 out of 5 starsOils/Energy Sector87th out of 232 stocksNondepository Credit Institutions Industry11th out of 51 stocks 3.5 Analyst's Opinion Consensus RatingIris Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageIris Energy has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Iris Energy's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.10% of the float of Iris Energy has been sold short.Short Interest Ratio / Days to CoverIris Energy has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Iris Energy has recently increased by 6.30%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldIris Energy does not currently pay a dividend.Dividend GrowthIris Energy does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IREN. Previous Next 3.3 News and Social Media Coverage News SentimentIris Energy has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Iris Energy this week, compared to 3 articles on an average week.Search Interest53 people have searched for IREN on MarketBeat in the last 30 days. This is an increase of 71% compared to the previous 30 days.MarketBeat Follows14 people have added Iris Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Iris Energy insiders have not sold or bought any company stock.Percentage Held by Insiders21.55% of the stock of Iris Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions41.08% of the stock of Iris Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Iris Energy's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Iris Energy are expected to grow by 2,066.67% in the coming year, from $0.03 to $0.65 per share.Price to Book Value per Share RatioIris Energy has a P/B Ratio of 2.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Iris Energy's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressAfter Conviction, More Bad News for TrumpAs a former advisor to the CIA, the Pentagon and the White House… I feel it’s my duty to warn you about this coming election meltdown.Click here to see the details because this coming election meltdown could trigger… About Iris Energy Stock (NASDAQ:IREN)Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.Read More IREN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IREN Stock News HeadlinesJune 7 at 3:32 AM | americanbankingnews.comJPMorgan Chase & Co. Raises Iris Energy (NASDAQ:IREN) Price Target to $11.00June 6 at 8:28 AM | globenewswire.comMay 2024 Monthly Investor UpdateJune 6 at 2:58 AM | americanbankingnews.comIris Energy (NASDAQ:IREN) PT Raised to $11.00June 6 at 1:58 AM | americanbankingnews.comIris Energy (NASDAQ:IREN) Trading 3.1% Higher After Analyst UpgradeJune 6 at 1:58 AM | americanbankingnews.comTraders Buy High Volume of Call Options on Iris Energy (NASDAQ:IREN)May 24, 2024 | benzinga.comThis Is What Whales Are Betting On Iris EnergyMay 24, 2024 | msn.comIris Energy, The9 among financial moversMay 17, 2024 | finanznachrichten.deIREN: IRIS ENERGY LIMITED's expansion plans increased to 30 EH/s in 2024May 16, 2024 | markets.businessinsider.comIris Energy: Strong Buy Rating on Rapid Expansion and Growth PotentialMay 16, 2024 | msn.comWhat's Going On With Bitcoin-Miner Iris Energy Stock After Earnings?May 16, 2024 | finanznachrichten.deIREN: IRIS ENERGY LIMITED Reports Third Quarter FY24 ResultsMay 15, 2024 | msn.comIREN expects to achieve 20 EH/s in Q3 and 30 EH/s hashrate in Q4 of 2024May 15, 2024 | seekingalpha.comIris Energy Limited 2024 Q3 - Results - Earnings Call PresentationMay 15, 2024 | globenewswire.comIREN Reports Third Quarter FY24 ResultsMay 15, 2024 | globenewswire.comIREN's expansion plans increased to 30 EH/s in 2024May 7, 2024 | markets.businessinsider.comIris Energy: Strong Buy Rating on Rapid Exahash Expansion and Strategic AI Hosting ForayMay 6, 2024 | globenewswire.comIREN to Release Third Quarter Results and Host Conference Call on May 15, 2024May 6, 2024 | globenewswire.comApril 2024 Monthly Investor UpdateMay 2, 2024 | finance.yahoo.comWe're Not Worried About Iris Energy's (NASDAQ:IREN) Cash BurnMay 2, 2024 | msn.com'Music is for everybody': How Iris Collective is changing lives of Memphians young and oldApril 29, 2024 | globenewswire.comOperating hashrate increased to 9 EH/sApril 22, 2024 | seekingalpha.comThe Impact Of AI On Iris Energy's Bitcoin Mining SuccessApril 8, 2024 | globenewswire.comPoolside upsizes and extends AI Cloud Services contractApril 4, 2024 | investorplace.comPenny Stocks Explosion: 3 Must-Have Picks for the Upcoming Bull RunApril 4, 2024 | globenewswire.comIREN Announces Monthly Investor Update for March 2024See More Headlines Receive IREN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Iris Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/15/2024Today6/07/2024Fiscal Year End6/30/2024Next Earnings (Estimated)9/11/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Nondepository credit institutions Sub-IndustryN/A Current SymbolNASDAQ:IREN CUSIPN/A CIK1878848 Webirisenergy.co Phone61-2-7906-8301FaxN/AEmployees100Year FoundedN/APrice Target and Rating Average Stock Price Target$12.75 High Stock Price Target$24.00 Low Stock Price Target$9.50 Potential Upside/Downside+21.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current Ratio7.47 Quick Ratio7.47 Sales & Book Value Annual Sales$75.51 million Price / Sales20.44 Cash FlowN/A Price / Cash FlowN/A Book Value$4.58 per share Price / Book2.30Miscellaneous Outstanding Shares146,580,000Free Float114,995,000Market Cap$1.54 billion OptionableOptionable Beta3.37 The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. William Roberts (Age 34)Co-Founder, Co-CEO & Director Comp: $2.97MMr. Daniel Roberts (Age 40)Co-Founder, Co-CEO & Director Comp: $2.97MMs. Belinda Nucifora (Age 51)Chief Financial Officer Comp: $533.79kMr. David Shaw (Age 57)Chief Operating Officer Comp: $591.7kMs. Cesilia Kim (Age 49)Chief Legal & Risk Officer Comp: $475.35kMr. Denis Skrinnikoff (Age 40)Chief Technology Officer? Lincoln TanSenior Manager of Investor RelationsHeather MillerVice President of People, Culture & CommunityKent DraperChief Commercial OfficerMs. Yvonne MartinsGroup Financial ControllerMore ExecutivesKey CompetitorsCoastal FinancialNASDAQ:CCBArgo BlockchainNASDAQ:ARBKCleanSparkNASDAQ:CLSKWalker & DunlopNYSE:WDBurford CapitalNYSE:BURView All CompetitorsInstitutional OwnershipGoldentree Asset Management LPBought 115,941 shares on 5/28/2024Ownership: 0.079%Tidal Investments LLCSold 2,089 shares on 5/17/2024Ownership: 0.030%Jane Street Group LLCBought 30,300 shares on 5/16/2024Ownership: 0.000%Quadrature Capital LtdSold 156,863 shares on 5/15/2024Ownership: 0.113%PEAK6 Investments LLCBought 24,657 shares on 5/15/2024Ownership: 0.037%View All Institutional Transactions IREN Stock Analysis - Frequently Asked Questions Should I buy or sell Iris Energy stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Iris Energy in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IREN shares. View IREN analyst ratings or view top-rated stocks. What is Iris Energy's stock price target for 2024? 5 Wall Street analysts have issued 1 year price targets for Iris Energy's stock. Their IREN share price targets range from $9.50 to $24.00. On average, they expect the company's stock price to reach $12.75 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price. View analysts price targets for IREN or view top-rated stocks among Wall Street analysts. How have IREN shares performed in 2024? Iris Energy's stock was trading at $7.15 at the beginning of 2024. Since then, IREN shares have increased by 47.3% and is now trading at $10.53. View the best growth stocks for 2024 here. When is Iris Energy's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 11th 2024. View our IREN earnings forecast. How were Iris Energy's earnings last quarter? Iris Energy Limited (NASDAQ:IREN) issued its quarterly earnings data on Wednesday, May, 15th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.12 by $0.04. The business had revenue of $54.35 million for the quarter, compared to analysts' expectations of $58.41 million. What ETFs hold Iris Energy's stock? ETFs with the largest weight of Iris Energy (NASDAQ:IREN) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), VanEck Digital Transformation ETF (DAPP), Global X Blockchain ETF (BKCH), Grayscale Future of Finance ETF (GFOF), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), iShares Blockchain and Tech ETF (IBLC), Invesco Alerian Galaxy Crypto Economy ETF (SATO) and VanEck Digital Assets Mining ETF (DAM). When did Iris Energy IPO? Iris Energy (IREN) raised $215 million in an initial public offering (IPO) on Wednesday, November 17th 2021. The company issued 8,269,231 shares at $25.00-$27.00 per share. Who are Iris Energy's major shareholders? Iris Energy's stock is owned by many different institutional and retail investors. Top institutional investors include Vident Advisory LLC (2.93%), Van ECK Associates Corp (2.76%), Simplex Trading LLC (0.00%), Mirae Asset Global Investments Co. Ltd. (0.61%), Russell Investments Group Ltd. (0.25%) and K2 Principal Fund L.P. (0.19%). How do I buy shares of Iris Energy? Shares of IREN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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