Iris Energy Ltd (NASDAQ:IREN) price closed lower on Monday, April 15, dropping -6.88% below its previous close.
A look at the daily price movement shows that the last close reads $4.65. The company’s 5Y monthly beta was ticking 3.02. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.69 and 52-week low of $2.79. The stock subtracted -5.04% on its value in the past month.
Iris Energy Ltd, which has a market valuation of $602.48 million, is expected to release its quarterly earnings report Feb 15, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give IREN a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that IREN’s price is at present -18.56% off the SMA20 and -21.99% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 37.94, with weekly volatility standing at 9.02%. The indicator jumps to 11.75% when calculated based on the past 30 days. Iris Energy Ltd (NASDAQ:IREN)’s beta value is holding at 3.04, while the average true range (ATR) indicator is currently reading 0.61.
An analysis of the Iris Energy Ltd (NASDAQ:IREN) stock in terms of its daily trading volume indicates that the 3-month average is 9.98 million.
Current records show that the company has 139.14M in outstanding shares. The insiders’ percentage holdings are 14.50% of outstanding shares while the percentage share held by institutions stands at 13.31%. But the -39.44% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
