Iris Energy Ltd (NASDAQ:IREN) price on Thursday, May 09,fall -0.39% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.11.
A look at the stock’s price movement, the close in the last trading session was $5.13. Turning to its 52-week performance, $9.69 and $2.79 were the 52-week high and 52-week low respectively. Overall, IREN moved 4.29% over the past month.
Iris Energy Ltd’s market cap currently stands at around $711.01 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IREN is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
IREN’s current price about 5.17% and -1.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.47, while 7-day volatility ratio is 8.25% and 8.40% in the 30-day chart. Further, Iris Energy Ltd (IREN) has a beta value of 3.08, and an average true range (ATR) of 0.47.
If we refocus on Iris Energy Ltd (NASDAQ:IREN), historical trading data shows that trading volumes averaged 10.26 million over the past 3 months. The company’s latest data on shares outstanding shows there are 139.14 million shares.
The 14.50% of Iris Energy Ltd’s shares are in the hands of company insiders while institutional holders own 15.33% of the company’s shares. Current price change has pushed the stock -28.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IREN stock continues to rise going into the next quarter.
