Iris Energy Stock Price on September 11, 2024

IREN Stock  USD 14.15  0.12  0.84%   
If you're considering investing in Iris Stock, it is important to understand the factors that can impact its price. As of today, the current price of Iris Energy stands at 14.15, as last reported on the 6th of December, with the highest price reaching 15.44 and the lowest price hitting 13.83 during the day. Iris Energy is moderately volatile given 3 months investment horizon. Iris Energy holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.37% are justified by taking the suggested risk. Use Iris Energy Market Risk Adjusted Performance of 0.3016, risk adjusted performance of 0.1412, and Downside Deviation of 5.34 to evaluate company specific risk that cannot be diversified away.
  
At this time, Iris Energy's Issuance Of Capital Stock is very stable compared to the past year. . At this time, Iris Energy's Price Earnings To Growth Ratio is very stable compared to the past year. As of the 6th of December 2024, Price To Operating Cash Flows Ratio is likely to grow to 25.05, while Price To Sales Ratio is likely to drop 6.33. Iris Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1765

Best PortfolioBest Equity
Good Returns
Average ReturnsIREN
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns

Estimated Market Risk

 7.77
  actual daily
69
69% of assets are less volatile

Expected Return

 1.37
  actual daily
27
73% of assets have higher returns

Risk-Adjusted Return

 0.18
  actual daily
13
87% of assets perform better
Based on monthly moving average Iris Energy is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Iris Energy by adding it to a well-diversified portfolio.
Price Book
2.4543
Enterprise Value Ebitda
455.5365
Price Sales
16.209
Shares Float
175 M
Wall Street Target Price
17.9444

Related Headline

Warner Music Headline on 11th of September 2024

Filed transaction by Warner Music Group Officer: Ceo, Recorded Music. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)

Iris Energy Valuation on September 11, 2024

It is possible to determine the worth of Iris Energy on a given historical date. On September 11, 2024 Iris was worth 7.36 at the beginning of the trading date compared to the closed value of 7.53. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Iris Energy stock. Still, in general, we apply an absolute valuation method to find Iris Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Iris Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Iris Energy's related companies.
 Open High Low Close Volume
  7.13    7.58    6.99    7.53    12,769,616  
09/11/2024
  7.36    7.72    6.98    7.53    12,645,231  
  7.50    7.66    7.32    7.39    9,887,413  
Backtest Iris Energy  |  Iris Energy History  |  Iris Energy Valuation   PreviousNext  
Open Value
7.36
7.53
Closing Value
30.67
Upside

Iris Energy Trading Date Momentum on September 11, 2024

On September 12 2024 Iris Energy was traded for  7.39  at the closing time. The top price for the day was 7.66  and the lowest listed price was  7.32 . The trading volume for the day was 9.9 M. The trading history from September 12, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.86% . The trading delta at closing time against the current closing price is 1.86% .

Iris Energy Fundamentals Correlations and Trends

By evaluating Iris Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Iris Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Iris financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Iris Energy Stock history

Iris Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Iris is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Iris Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Iris Energy stock prices may prove useful in developing a viable investing in Iris Energy
Last ReportedProjected for Next Year
Common Stock Shares Outstanding99.6 M58.3 M
Net Loss-154.7 M-162.4 M

Iris Energy Stock Technical Analysis

Iris Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Iris Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Iris Energy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Iris Energy Period Price Range

Low
December 6, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Iris Energy cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Iris Energy December 6, 2024 Market Strength

Market strength indicators help investors to evaluate how Iris Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Iris Energy shares will generate the highest return on investment. By undertsting and applying Iris Energy stock market strength indicators, traders can identify Iris Energy entry and exit signals to maximize returns

Iris Energy Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Iris Energy's price direction in advance. Along with the technical and fundamental analysis of Iris Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Iris to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Iris Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Iris Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Iris Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Iris Energy Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iris Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Iris Energy. If investors know Iris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Iris Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.53)
Revenue Per Share
1.894
Quarterly Revenue Growth
0.679
Return On Assets
(0.02)
Return On Equity
(0.04)
The market value of Iris Energy is measured differently than its book value, which is the value of Iris that is recorded on the company's balance sheet. Investors also form their own opinion of Iris Energy's value that differs from its market value or its book value, called intrinsic value, which is Iris Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Iris Energy's market value can be influenced by many factors that don't directly affect Iris Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Iris Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Iris Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iris Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.