Iris Energy Stock Price on November 30, 9024
| IREN Stock | USD 10.10 0.31 2.98% |
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 10.10, as last reported on the 21st of November, with the highest price reaching 10.91 and the lowest price hitting 9.90 during the day. Iris Energy appears to be moderately volatile, given 3 months investment horizon. Iris Energy holds Efficiency (Sharpe) Ratio of 0.069, which attests that the entity had a 0.069% return per unit of risk over the last 3 months. We have found thirty technical indicators for Iris Energy, which you can use to evaluate the volatility of the firm. Please utilize Iris Energy's Risk Adjusted Performance of 0.0692, market risk adjusted performance of 0.1088, and Downside Deviation of 5.74 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 21st 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 = 0.069
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Estimated Market Risk
| 7.15 actual daily | 63 63% of assets are less volatile |
Expected Return
| 0.49 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Iris Energy is performing at about 5% 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 1.7427 | Enterprise Value Ebitda 59.1677 | Price Sales 10.1315 | Shares Float 175 M | Wall Street Target Price 16.19 |
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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 21, 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 21, 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 | 0.0692 | |||
| Jensen Alpha | 0.0758 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0826 | |||
| Treynor Ratio | 0.0988 |
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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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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.