Is Iris Energy Stock a Good Investment?
Iris Energy Investment Advice | IREN |
- Examine Iris Energy's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Iris Energy's leadership team and their track record. Good management can help Iris Energy navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Asset Management & Custody Banks space and any emerging trends that could impact Iris Energy's business and its evolving consumer preferences.
- Compare Iris Energy's performance and market position to its competitors. Analyze how Iris Energy is positioned in terms of product offerings, innovation, and market share.
- Check if Iris Energy pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Iris Energy's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Iris Energy stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Iris Energy is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Moderately volatile | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | High | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Iris Energy Stock
Researching Iris Energy's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 43.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.39. Some equities with similar Price to Book (P/B) outperform the market in the long run. Iris Energy recorded a loss per share of 0.29. The entity had not issued any dividends in recent years.
To determine if Iris Energy is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Iris Energy's research are outlined below:
| Iris Energy generated a negative expected return over the last 90 days | |
| Iris Energy has high historical volatility and very poor performance | |
| Iris Energy has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 187.19 M. Net Loss for the year was (28.95 M) with profit before overhead, payroll, taxes, and interest of 57.61 M. | |
| Latest headline from businesswire.com: IREN Investors Have Opportunity to Lead Iris Energy Limited Securities Fraud Lawsuit with the Schall Law Firm |
Iris Energy Quarterly Cost Of Revenue |
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Iris Energy uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Iris Energy. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Iris Energy's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 21st of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 11th of September 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of June 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Iris Energy's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Iris Energy's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-05-15 | 2024-03-31 | 0.05 | 0.07 | 0.02 | 40 | ||
2023-11-29 | 2023-09-30 | -0.0092 | -0.0339 | -0.0247 | 268 | ||
2022-09-13 | 2022-06-30 | 0.08 | 0.04 | -0.04 | 50 | ||
2024-03-06 | 2023-12-31 | -0.0034 | -0.07 | -0.0666 | 1958 | ||
2023-09-13 | 2023-06-30 | -0.17 | -0.05 | 0.12 | 70 | ||
2022-05-11 | 2022-03-31 | 0.07 | -0.0503 | -0.1203 | 171 | ||
2023-06-27 | 2023-03-31 | -0.26 | -0.11 | 0.15 | 57 | ||
2022-11-30 | 2022-09-30 | -0.0897 | -0.34 | -0.2503 | 279 |
Iris Energy Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Iris target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Iris Energy's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 10 | Strong Buy |
Most Iris analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Iris stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Iris Energy, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationIris Energy Target Price Projection
Iris Energy's current and average target prices are 8.05 and 10.79, respectively. The current price of Iris Energy is the price at which Iris Energy is currently trading. On the other hand, Iris Energy's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On Iris Energy Target Price
Iris Energy Analyst Ratings
Iris Energy's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Iris Energy stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Iris Energy's financials, market performance, and future outlook by experienced professionals. Iris Energy's historical ratings below, therefore, can serve as a valuable tool for investors.Know Iris Energy's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Iris Energy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Iris Energy backward and forwards among themselves. Iris Energy's institutional investor refers to the entity that pools money to purchase Iris Energy's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Steadfast Capital Management Llc | 2024-06-30 | 2.2 M | Citadel Advisors Llc | 2024-06-30 | 2.2 M | Vident Advisory, Llc | 2024-06-30 | 2.1 M | Qube Research & Technologies | 2024-06-30 | 1.8 M | D1 Capital Partners L.p. | 2024-06-30 | 1.5 M | Voloridge Investment Management, Llc | 2024-06-30 | 1.5 M | Mirae Asset Global Etfs Holdings Ltd. | 2024-06-30 | 1.4 M | Soros Capital Management Llc | 2024-06-30 | 1.3 M | Hood River Capital Management Llc | 2024-06-30 | 1.2 M | Castle Hook Partners Lp | 2024-06-30 | 6.9 M | Moore Capital Management, Lp | 2024-06-30 | 5.5 M |
Iris Energy's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.52 B.Market Cap |
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Iris Energy's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.03) | (0.03) | |
| Return On Capital Employed | (0.03) | (0.03) | |
| Return On Assets | (0.03) | (0.03) | |
| Return On Equity | (0.03) | (0.03) |
Determining Iris Energy's profitability involves analyzing its financial statements and using various financial metrics to determine if Iris Energy is a good buy. For example, gross profit margin measures Iris Energy's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Iris Energy's profitability and make more informed investment decisions.
Evaluate Iris Energy's management efficiency
Iris Energy has return on total asset (ROA) of (0.0229) % which means that it has lost $0.0229 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0413) %, meaning that it created substantial loss on money invested by shareholders. Iris Energy's management efficiency ratios could be used to measure how well Iris Energy manages its routine affairs as well as how well it operates its assets and liabilities. As of the 9th of October 2024, Return On Tangible Assets is likely to drop to -0.03. In addition to that, Return On Capital Employed is likely to drop to -0.03. At this time, Iris Energy's Intangible Assets are very stable compared to the past year.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 11.01 | 11.56 | |
| Tangible Book Value Per Share | 11.01 | 11.56 | |
| Enterprise Value Over EBITDA | 38.97 | 37.02 | |
| Price Book Value Ratio | 1.15 | 1.09 | |
| Enterprise Value Multiple | 38.97 | 37.02 | |
| Price Fair Value | 1.15 | 1.09 | |
| Enterprise Value | 854.5 M | 753.7 M |
The analysis of Iris Energy's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Iris Energy's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Iris Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 3.42 |
Basic technical analysis of Iris Stock
As of the 9th of October, Iris Energy retains the Standard Deviation of 6.6, market risk adjusted performance of (0.19), and Risk Adjusted Performance of (0.08). Iris Energy technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.Understand Iris Energy's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Iris Energy's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | (0.19) | |||
| Mean Deviation | 5.26 | |||
| Coefficient Of Variation | (962.04) | |||
| Standard Deviation | 6.6 | |||
| Variance | 43.6 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (1.03) | |||
| Total Risk Alpha | (1.46) | |||
| Treynor Ratio | (0.20) | |||
| Maximum Drawdown | 27.59 | |||
| Value At Risk | (12.37) | |||
| Potential Upside | 10.71 | |||
| Skewness | 0.2649 | |||
| Kurtosis | (0.18) |
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | (0.19) | |||
| Mean Deviation | 5.26 | |||
| Coefficient Of Variation | (962.04) | |||
| Standard Deviation | 6.6 | |||
| Variance | 43.6 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (1.03) | |||
| Total Risk Alpha | (1.46) | |||
| Treynor Ratio | (0.20) | |||
| Maximum Drawdown | 27.59 | |||
| Value At Risk | (12.37) | |||
| Potential Upside | 10.71 | |||
| Skewness | 0.2649 | |||
| Kurtosis | (0.18) |
Consider Iris Energy's intraday indicators
Iris Energy intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Iris Energy stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Iris Energy Corporate Filings
6K | 4th of October 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 29th of August 2024 Other Reports | ViewVerify | |
| 28th of August 2024 Other Reports | ViewVerify | |
| 3rd of July 2024 Other Reports | ViewVerify |
Iris Stock media impact
Far too much social signal, news, headlines, and media speculation about Iris Energy that are available to investors today. That information is available publicly through Iris media outlets and privately through word of mouth or via Iris internal channels. However, regardless of the origin, that massive amount of Iris data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Iris Energy news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Iris Energy relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Iris Energy's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Iris Energy alpha.
Iris Energy Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Iris Energy can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Iris Energy Corporate Management
| David Shaw | Chief Officer | Profile | |
| Heather Miller | Culture People | Profile | |
| Kent Draper | Chief Officer | Profile | |
| Yvonne Martins | Group Controller | Profile | |
| BA GAICD | G Sec | Profile | |
| Denis Skrinnikoff | Chief Officer | Profile | |
| Glenn Harrison | VP Operations | Profile |
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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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 (0.29) | 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.
In summary, please note that there is a difference between Iris Energy's value and its price, as these two are different measures arrived at by various 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.