IREN (IREN) Stock Price, News & Analysis

Company Overview

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

Key Stats

• Today's Range: $32.34 to $34.08
• 50-Day Range: $15.40 to $33.63
• 52-Week Range: $5.13 to $34.08
• Volume: 18.37 million shs
• Average Volume: 20.21 million shs
• Market Capitalization: $9.19 billion
• P/E Ratio: 57.10
• Dividend Yield: N/A
• Price Target: $30.33
• Consensus Rating: Moderate Buy

IREN Stock Analysis - MarketRank™

IREN scored higher than 65% of companies evaluated by MarketBeat, and ranked 541st out of 959 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

IREN has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.

Downside Risk

IREN has a consensus price target of $30.33, representing about 10.2% downside from its current price of $33.79.

Amount of Analyst Coverage

IREN has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 227.91%

Earnings Growth

Earnings for IREN are expected to grow by 227.91% in the coming year, from $0.43 to $1.41 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of IREN is 57.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 280.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of IREN is 57.27, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 245.64.

Price to Book Value per Share Ratio

IREN has a P/B Ratio of 4.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

12.53% of the float of IREN has been sold short.

Short Interest Ratio / Days to Cover

IREN has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in IREN has recently increased by 2.25%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

IREN does not currently pay a dividend.

Dividend Growth

IREN does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

12.53% of the float of IREN has been sold short.

Short Interest Ratio / Days to Cover

IREN has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in IREN has recently increased by 2.25%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.53

News Sentiment

IREN has a news sentiment score of 0.53. 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 is a lower news sentiment than the 1.06 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 41 news articles for IREN this week, compared to 11 articles on an average week.

Search Interest

190 people have searched for IREN on MarketBeat in the last 30 days. This is an increase of 79% compared to the previous 30 days.

MarketBeat Follows

81 people have added IREN to their MarketBeat watchlist in the last 30 days. This is an increase of 153% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, IREN insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $33,130,000.00 in company stock.

Percentage Held by Insiders

21.55% of the stock of IREN is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

41.08% of the stock of IREN is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IREN Stock Analysis - Frequently Asked Questions

How have IREN shares performed this year?

IREN's stock was trading at $9.82 on January 1st, 2025. Since then, IREN shares have increased by 244.1% and is now trading at $33.7870.

How were IREN's earnings last quarter?

IREN Limited (NASDAQ:IREN) posted its quarterly earnings data on Thursday, August, 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The firm had revenue of $187.30 million for the quarter, compared to analyst estimates of $187.51 million. IREN had a net margin of 33.03% and a trailing twelve-month return on equity of 1.34%.
Read the conference call transcript.

When did IREN IPO?

IREN (IREN) raised $215 million in an initial public offering on Wednesday, November 17th 2021. The company issued 8,269,231 shares at a price of $25.00-$27.00 per share.

Who are IREN's major shareholders?

IREN's top institutional shareholders include Group One Trading LLC, Situational Awareness LP (3.41%), Jane Street Group LLC and Walleye Trading LLC.
View institutional ownership trends.

How do I buy shares of IREN?

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.

What other stocks do shareholders of IREN own?

Based on aggregate information from My MarketBeat watchlists, some other companies that IREN investors own include Waste Connections (WCN), AU Optronics (AUOTY), American Water Works (AWK), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 8/28/2025
• Today: 9/12/2025
• Next Earnings (Estimated): 11/25/2025
• Fiscal Year End: 6/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Utilities - Diversified
• Sub-Industry: Banking
• Current Symbol: NASDAQ:IREN
• Previous Symbol: NASDAQ:IREN
• CIK: 1878848
• Web: iren.com
• Phone: 61-2-7906-8301
• Fax: N/A
• Employees: 100
• Year Founded: N/A

Price Target and Rating

• Average Price Target for IREN: $30.33
• High Price Target: $41.00
• Low Price Target: $14.00
• Potential Upside/Downside: -7.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.73
• Research Coverage: 11 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.59
• Trailing P/E Ratio: 55.68
• Forward P/E Ratio: 76.40
• P/E Growth: N/A
• Net Income: $86.94 million
• Net Margins: 33.03%
• Pretax Margin: 18.66%
• Return on Equity: 1.34%
• Return on Assets: 0.94%

Debt

• Debt-to-Equity Ratio: 0.53
• Current Ratio: 4.29
• Quick Ratio: 4.29

Sales & Book Value

• Annual Sales: $501.02 million
• Price / Sales: 17.83
• Cash Flow: $0.71 per share
• Price / Cash Flow: 46.11
• Book Value: $7.04 per share
• Price / Book: 4.67

Miscellaneous

• Outstanding Shares: 271,980,000
• Free Float: 213,368,000
• Market Cap: $8.93 billion
• Optionable: Optionable
• Beta: 4.03