Iris Energy Stock Price on November 12, 2024
| IREN Stock | USD 12.40 2.84 29.71% |
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 12.40, as last reported on the 27th of November, with the highest price reaching 12.70 and the lowest price hitting 10.61 during the day. Iris Energy appears to be moderately volatile, given 3 months investment horizon. Iris Energy holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. By evaluating Iris Energy's technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please utilize Iris Energy's Downside Deviation of 5.69, risk adjusted performance of 0.0611, and Market Risk Adjusted Performance of 0.1016 to validate if our risk estimates are consistent with your expectations.
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 27th of November 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.
Iris |
Sharpe Ratio = 0.111
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Estimated Market Risk
| 7.9 actual daily | 70 70% of assets are less volatile |
Expected Return
| 0.88 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Iris Energy is performing at about 8% 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 1.8679 | Enterprise Value Ebitda 64.5739 | Price Sales 10.859 | Shares Float 175 M | Wall Street Target Price 15.7778 |
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As the U.S. stock market continues its upward trajectory, buoyed by post-election optimism and recent interest rate cuts, investors are keenly observing growth opportunities within this vibrant landscape. In such a bullish environment, companies with significant insider ownership often attract attention due to the confidence these insiders demonstrate in their business prospects, making them intriguing considerations for those seeking potential growth stocks.
Iris Energy Valuation on November 12, 2024
It is possible to determine the worth of Iris Energy on a given historical date. On November 12, 2024 Iris was worth 12.12 at the beginning of the trading date compared to the closed value of 12.4. 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 | |
| 12.15 | 13.07 | 11.85 | 12.75 | 29,504,703 | |
11/12/2024 | 12.12 | 12.41 | 11.66 | 12.40 | 18,907,327 |
| 12.20 | 12.43 | 10.70 | 10.88 | 30,471,874 |
| Backtest Iris Energy | | | Iris Energy History | | | Iris Energy Valuation | Previous | Next |
Iris Energy Trading Date Momentum on November 12, 2024
| On November 13 2024 Iris Energy was traded for 10.88 at the closing time. The top price for the day was 12.43 and the lowest listed price was 10.70 . The trading volume for the day was 30.5 M. The trading history from November 13, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 12.26% . The trading delta at closing time against the current closing price is 21.94% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 99.6 M | 58.3 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.
Price Boundaries
Iris Energy Period Price Range
Low | November 27, 2024
| 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 November 27, 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.
| Risk Adjusted Performance | 0.0611 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | 0.0631 | |||
| Treynor Ratio | 0.0916 |
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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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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.