IREN Ltd (IREN) – it’s time to buy. Check out key Indicators

In yesterday’s Wall Street session, IREN Ltd (NASDAQ:IREN) shares traded at $9.82, down -1.21% from the previous session.

IREN stock price is now -13.27% away from the 50-day moving average and 9.72% away from the 200-day moving average. The market capitalization of the company currently stands at $1.90B.

With the price target of $33, BTIG Research recently initiated with Buy rating for IREN Ltd (NASDAQ: IREN). On December 10, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock increasing its target price from $9.50 to quote $15, while ‘ROTH MKM’ rates the stock as ‘Buy’

In other news, Christopher Guzowski, Director bought 28,970 shares of the company’s stock on Sep 17 ’24. The stock was bought for $223,938 at an average price of $7.73. A total of 8.42% of the company’s stock is owned by insiders.

During the past 12 months, IREN Ltd has had a low of $3.56 and a high of $15.92. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.09, and a quick ratio of 1.09. The fifty day moving average price for IREN is $11.3223 and a two-hundred day moving average price translates $8.950125 for the stock.

The latest earnings results from IREN Ltd (NASDAQ: IREN) was released for 2024-06-30. The company reported revenue of $54.35 million for the quarter, compared to $13.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 295.12 percent. For the current quarter, analysts expect IREN to generate $118.14M in revenue.

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