NASDAQ:IREN Iris Energy (IREN) Stock Price, News & Analysis → Biden FINISHED On June 13th? (From Paradigm Press) (Ad) Free IREN Stock Alerts $4.87 +0.02 (+0.41%) (As of 05/14/2024 ET) Add Compare Share Share Today's Range$4.65▼$4.9650-Day Range$4.33▼$6.4752-Week Range$2.79▼$9.69Volume6.48 million shsAverage Volume8.76 million shsMarket Capitalization$324.83 millionP/E RatioN/ADividend YieldN/APrice Target$12.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Iris Energy alerts: Email Address Iris Energy MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside146.4% Upside$12.00 Price TargetShort InterestHealthy4.00% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.67Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth1,000.00%From $0.08 to $0.88 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.3.57 out of 5 starsOils/Energy Sector290th out of 730 stocksNondepository Credit Institutions Industry34th out of 147 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 only been the subject of 4 research reports in the past 90 days.Read more about Iris Energy's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.00% 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 12.26%, 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 3.2 News and Social Media Coverage News SentimentIris Energy has a news sentiment score of 0.67. 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 higher news sentiment than the 0.52 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Iris Energy this week, compared to 3 articles on an average week.Search InterestOnly 27 people have searched for IREN on MarketBeat in the last 30 days. This is a decrease of -51% compared to the previous 30 days.MarketBeat Follows15 people have added Iris Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 67% 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 1,000.00% in the coming year, from $0.08 to $0.88 per share.Price to Book Value per Share RatioIris Energy has a P/B Ratio of 1.06. 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 InvestorPlaceCrypto Pioneer Says: “The last crypto bull market has begun.”Right now, there’s over $6 trillion in potential investment money waiting on the sidelines. That means this crypto bull market has a lot more room to run before it comes close to being a bubble.Click here if you’d like to learn more about these five cryptos… 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 HeadlinesMay 13 at 2:36 AM | americanbankingnews.comIris Energy (IREN) Set to Announce Earnings on WednesdayMay 8, 2024 | americanbankingnews.comIris Energy (NASDAQ:IREN) Rating Reiterated by Canaccord Genuity GroupMay 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 2024April 3, 2024 | investorplace.comThe 3 Most Undervalued Blockchain Stocks to Buy in April 2024April 3, 2024 | finance.yahoo.comImplied Volatility Surging for Iris Energy (IREN) Stock OptionsApril 2, 2024 | markets.businessinsider.comIris Energy’s Strong Expansion and Diversification Strategy Supports Buy RatingApril 1, 2024 | marketwatch.comIris Energy Shares Rise 11% on Fully Funded 2024 Expansion Following Equity RaiseApril 1, 2024 | investorplace.com3 Stocks to Ditch Following the April Bitcoin HalvingApril 1, 2024 | globenewswire.com20 EH/s expansion fully fundedMarch 28, 2024 | markets.businessinsider.comWhat Analysts Are Saying About Iris Energy StockMarch 26, 2024 | msn.comHut 8, Iris Energy among financial moversMarch 25, 2024 | benzinga.comUnpacking the Latest Options Trading Trends in Iris EnergyMarch 22, 2024 | finance.yahoo.comIs Iris Energy Limited (NASDAQ:IREN) Trading At A 50% Discount?March 17, 2024 | finance.yahoo.comIREN Mar 2024 6.500 callMarch 15, 2024 | investorplace.com7 Penny Stocks That Can Make You a Millionaire in One YearMarch 13, 2024 | finance.yahoo.comThe Zacks Analyst Blog Highlights NVIDIA, Coinbase Global, Block, CleanSpark and Iris EnergySee 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 Earnings2/15/2024Today5/14/2024Next Earnings (Confirmed)5/15/2024Fiscal Year End6/30/2024Get 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$12.00 High Stock Price Target$24.00 Low Stock Price Target$9.00 Potential Upside/Downside+146.4%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 Ratio3.38 Quick Ratio3.38 Sales & Book Value Annual Sales$75.51 million Price / Sales4.30 Cash FlowN/A Price / Cash FlowN/A Book Value$4.58 per share Price / Book1.06Miscellaneous Outstanding Shares66,700,000Free Float52,328,000Market Cap$324.83 million OptionableOptionable Beta3.05 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. 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 CompetitorsMatrix ServiceNASDAQ:MTRXW&T OffshoreNYSE:WTIFuelCell EnergyNASDAQ:FCELSummit Midstream PartnersNYSE:SMLPUranium RoyaltyNASDAQ:UROYView All CompetitorsInstitutional OwnershipVident Advisory LLCBought 717,843 shares on 5/14/2024Ownership: 2.931%Chesapeake Capital Corp ILSold 2,504 shares on 5/10/2024Ownership: 0.043%Russell Investments Group Ltd.Bought 165,373 shares on 5/8/2024Ownership: 0.248%VitalStone Financial LLCBought 11,030 shares on 5/6/2024Ownership: 0.021%Daiwa Securities Group Inc.Bought 82,588 shares on 5/2/2024Ownership: 0.124%View All Institutional Transactions IREN Stock Analysis - Frequently Asked Questions Should I buy or sell Iris Energy stock right now? 5 Wall Street 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 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 research analysts have issued 12 month target prices for Iris Energy's shares. Their IREN share price targets range from $9.00 to $24.00. On average, they predict the company's stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 146.4% 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 stock has decreased by 31.9% and is now trading at $4.87. 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, May 15th 2024. View our IREN earnings forecast. How can I listen to Iris Energy's earnings call? Iris Energy will be holding an earnings conference call on Wednesday, May 15th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were Iris Energy's earnings last quarter? Iris Energy Limited (NASDAQ:IREN) posted its quarterly earnings data on Thursday, February, 15th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $42.57 million for the quarter, compared to analysts' expectations of $37.58 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), Grayscale Future of Finance ETF (GFOF), VanEck Digital Assets Mining ETF (DAM), VanEck Digital Transformation ETF (DAPP), Global X Blockchain ETF (BKCH), iShares Blockchain and Tech ETF (IBLC), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) and Invesco Alerian Galaxy Crypto Economy ETF (SATO). When did Iris Energy IPO? Iris Energy (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 Iris Energy's major shareholders? Iris Energy's stock is owned by many different institutional and retail investors. Top institutional shareholders 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 Sumitomo Mitsui Trust Holdings Inc. (0.14%). 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. This page (NASDAQ:IREN) was last updated on 5/14/2024 by MarketBeat.com Staff From Our PartnersDid Intel Just Dethrone Nvidia?Chaikin AnalyticsClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsCharles Payne Demystifies OptionsUnstoppable ProsperityRevolutionizing the Green Energy Space and Building Shareholder Value Along the WaySmall Cap SniperTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm PressThe only AI company you should be looking atBehind the MarketsElon to Transform U.S. Economy? 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