Iris Energy Stock Today
| IREN Stock | USD 8.68 0.84 10.71% |
Performance0 of 100
| Odds Of DistressOver 76
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Iris Energy is selling at 8.68 as of the 4th of October 2024; that is 10.71 percent increase since the beginning of the trading day. The stock's open price was 7.84. Iris Energy has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Iris Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of October 2022 and ending today, the 4th of October 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 17th of November 2021 | Classification Financials |
Iris Energy Limited owns and operates bitcoin mining data centers in Canada, the United States, and the Asia-Pacific. The company was incorporated in 2018 and is headquartered in Sydney, Australia. Iris Energy operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. The company has 189.35 M outstanding shares of which 7.44 M shares are currently shorted by private and institutional investors with about 0.6 trading days to cover. More on Iris Energy
Moving against Iris Stock
Iris Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Thematic Idea | Banks (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Asset Management & Custody Banks, Financial Services, NASDAQ Composite, Swiss Performance Extra, Swiss Performance Index, Banks, Energy, Financials, Capital Markets, Capital Markets, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsIris Energy can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Iris Energy's financial leverage. It provides some insight into what part of Iris Energy's total assets is financed by creditors.
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Iris Energy (IREN) is traded on NASDAQ Exchange in USA. It is located in 44 Market Street, Sydney, NSW, Australia, 2000 and employs 144 people. Iris Energy is listed under Asset Management & Custody Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.48 B. Iris Energy conducts business under Capital Markets sector and is part of Financials industry. The entity has 189.35 M outstanding shares of which 7.44 M shares are currently shorted by private and institutional investors with about 0.6 trading days to cover.
Iris Energy currently holds about 109.97 M in cash with 52.72 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.0.
Check Iris Energy Probability Of Bankruptcy
Ownership AllocationIris Energy has a total of 189.35 Million outstanding shares. 30% of Iris Energy outstanding shares are owned by outside corporations. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Iris Ownership Details
Iris Stock Institutional Holders
| Instituion | Recorded On | 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 Historical Income Statement
Iris Stock Against Markets
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 |
Additional Information and Resources on Investing in Iris Stock
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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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.
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.