NASDAQ:IREN Iris Energy (IREN) Stock Price, News & Analysis $7.91 -0.61 (-7.16%) (As of 08/30/2024 ET) Add Compare Share Share Today's Range$7.88▼$8.6750-Day Range$6.76▼$15.0352-Week Range$2.79▼$15.75Volume13.74 million shsAverage Volume13.00 million shsMarket Capitalization$1.16 billionP/E RatioN/ADividend YieldN/APrice Target$16.25 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/Downside105.4% Upside$16.25 Price TargetShort InterestHealthy4.09% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.58Based on 52 Articles This WeekInsider TradingN/AProj. Earnings Growth73.17%From $0.41 to $0.71 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.4.13 out of 5 starsOils/Energy Sector68th out of 240 stocksNondepository Credit Institutions Industry5th out of 53 stocks 4.5 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 8 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageIris Energy has been the subject of 8 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 Shorted4.09% 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 0.4, 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 5.18%, 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 2.5 News and Social Media Coverage News SentimentIris Energy has a news sentiment score of 0.58. 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 52 news articles for Iris Energy this week, compared to 5 articles on an average week.Search Interest37 people have searched for IREN on MarketBeat in the last 30 days. This is an increase of 3% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added Iris Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -73% 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 73.17% in the coming year, from $0.41 to $0.71 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 Behind the MarketsOur #1 Gold Trade for 2024Gold is up a whopping 23% this year... Our #1 Gold play for 2024...Click here for the ticker >>> 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 HeadlinesSeptember 1 at 11:02 AM | msn.comIris Energy (IREN) Posts Soaring Revenue in Response to Short Seller DoubtsSeptember 1 at 7:01 AM | americanbankingnews.comMacquarie Boosts Iris Energy (NASDAQ:IREN) Price Target to $13.50September 1, 2024 | Behind the Markets (Ad)Our #1 Gold Trade for 2024Gold is up a whopping 23% this year... Our #1 Gold play for 2024...September 1 at 4:27 AM | americanbankingnews.comIris Energy Limited (NASDAQ:IREN) Receives $17.58 Average Target Price from AnalystsSeptember 1 at 3:25 AM | americanbankingnews.comIris Energy (NASDAQ:IREN) PT Lowered to $16.00August 31 at 3:15 AM | americanbankingnews.comIris Energy (NASDAQ:IREN) Shares Down 4% Following Analyst DowngradeAugust 31 at 3:15 AM | americanbankingnews.comQ3 2025 EPS Estimates for Iris Energy Limited Reduced by Analyst (NASDAQ:IREN)August 31 at 2:23 AM | americanbankingnews.comIris Energy Sees Unusually High Options Volume (NASDAQ:IREN)September 1, 2024 | Behind the Markets (Ad)Our #1 Gold Trade for 2024Gold is up a whopping 23% this year... Our #1 Gold play for 2024...August 31 at 1:52 AM | americanbankingnews.comIris Energy (NASDAQ:IREN) PT Lowered to $20.00August 30 at 9:39 PM | markets.businessinsider.comROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Iris Energy Limited Investors to Inquire About Securities Class Action Investigation - IRENAugust 30 at 4:38 PM | markets.businessinsider.comIris Energy: A Resilient Growth and Strategic Expansion Justify Buy RatingAugust 30 at 11:36 AM | marketwatch.comIREN Shares Gain on Higher Bitcoin Revenue, AI DemandAugust 30 at 11:36 AM | benzinga.comIris Energy (NASDAQ:IREN) Stock Quotes, Forecast and News SummaryAugust 30 at 11:36 AM | msn.comWhat's Going On With Iris Energy Stock After Earnings?August 30 at 7:20 AM | americanbankingnews.comIris Energy's (IREN) "Buy" Rating Reaffirmed at Canaccord Genuity GroupAugust 29 at 10:22 AM | finanznachrichten.deIris Energy Limited Reports Full Year FY24 ResultsAugust 29 at 10:22 AM | markets.businessinsider.comIris Energy’s Strategic Growth and Operational Efficiency Drive Bullish Analyst Buy RatingSee 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 Today9/01/2024Next Earnings (Estimated)11/27/2024Fiscal Year End6/30/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Nondepository credit institutions Sub-IndustryBanking Current SymbolNASDAQ:IREN CUSIPN/A CIK1878848 Webirisenergy.co Phone61-2-7906-8301FaxN/AEmployees100Year FoundedN/APrice Target and Rating Average Stock Price Target$16.25 High Stock Price Target$26.00 Low Stock Price Target$9.50 Potential Upside/Downside+105.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage8 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 Ratio8.87 Quick Ratio7.47 Sales & Book Value Annual Sales$188.76 million Price / Sales6.14 Cash Flow$0.15 per share Price / Cash Flow53.45 Book Value$7.49 per share Price / Book1.06Miscellaneous Outstanding Shares146,580,000Free Float114,995,000Market Cap$1.16 billion OptionableOptionable Beta3.47 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.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:CCBGreenidge GenerationNASDAQ:GREEServisFirst BancsharesNYSE:SFBSValley National BancorpNASDAQ:VLYQifu TechnologyNASDAQ:QFINView All CompetitorsInstitutional OwnershipGordian Capital Singapore Pte LtdBought 13,223 shares on 8/30/2024Ownership: 0.009%Dana Investment Advisors Inc.Bought 14,252 shares on 8/27/2024Ownership: 0.010%Truist Financial CorpBought 1,575 shares on 8/21/2024Ownership: 0.035%Point72 Asset Management L.P.Bought 136,300 shares on 8/19/2024Ownership: 0.112%Creative PlanningSold 600 shares on 8/16/2024Ownership: 0.000%View All Institutional Transactions IREN Stock Analysis - Frequently Asked Questions How have IREN shares performed this year? Iris Energy's stock was trading at $7.15 at the start of the year. Since then, IREN shares have increased by 10.6% and is now trading at $7.91. View the best growth stocks for 2024 here. 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 $25.00-$27.00 per share. Who are Iris Energy's major shareholders? Top institutional shareholders of Iris Energy include Marshall Wace LLP (2.60%), Susquehanna International Group LLP, D1 Capital Partners L.P. (1.05%) and Hood River Capital Management LLC (0.82%). 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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