IREN Ltd (NASDAQ:IREN) shares traded -1.81% lower at $10.30 on Wall Street last session.
IREN stock price is now 40.18% away from the 50-day moving average and 12.13% away from the 200-day moving average. The market capitalization of the company currently stands at $2.48B.
With the price target reduced from $15 to $12, JP Morgan Upgraded its rating from Neutral to Overweight for IREN Ltd (NASDAQ: IREN). On December 20, 2024, BTIG Research recently initiated its ‘Buy’ rating on the stock quoting a target price of $33, while ‘JP Morgan’ rates the stock as ‘Neutral’
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 5.49% of the company’s stock is owned by insiders.
During the past 12 months, IREN Ltd has had a low of $5.12 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 0.46, and a quick ratio of 0.46.
The net profit margin was -9.71% and return on equity was -3.39% for IREN. The company reported revenue of $148.1 million for the quarter, compared to $54.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 172.49 percent. For the current quarter, analysts expect IREN to generate $172.58M in revenue.
