Iris Energy wrapped its initial public offering, selling 8.269 million shares at $28 each, above its $25 to $27 range. The stock had been available via Robinhood's IPO Access program.
IREN trades on the Nasdaq.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Iris Energy's shares have ranged in value from as little as $2.79 up to $9.69. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Iris Energy's is 3.02. This would suggest that Iris Energy's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Historical closes compared with the last close of $5.25
| 1 week (2024-04-18) | 6.06% |
|---|---|
| 1 month (2024-03-25) | -7.73% |
| 3 months (2024-01-25) | 22.95% |
| 6 months (2023-10-25) | 71.57% |
| 1 year (2023-04-25) | 24.11% |
| 2 years (2022-04-25) | -47.97% |
| 3 years (2021-04-25) | -94.57% |
| 5 years (2019-04-25) | -92.14% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Iris Energy P/E ratio, PEG ratio and EBITDA
Iris Energy's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.0152. A PEG ratio close to 1 can be interpreted as meaning shares offer reasonable value for the current rate of growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Iris Energy's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Steps to owning and managing ET, with 24-hour and historical pricing before you buy.
Steps to owning and managing TXO, with 24-hour and historical pricing before you buy.
Steps to owning and managing QS stock, with 24-hour and historical pricing before you buy.
Steps to owning and managing CHPT, with 24-hour and historical pricing before you buy.
Steps to owning and managing STEM, with 24-hour and historical pricing before you buy.
Steps to owning and managing SEDG, with 24-hour and historical pricing before you buy.
Steps to owning and managing FSLR, with 24-hour and historical pricing before you buy.
Steps to owning and managing RUN, with 24-hour and historical pricing before you buy.
Steps to owning and managing OGZPY, with 24-hour and historical pricing before you buy.
Steps to owning and managing ET, with 24-hour and historical pricing before you buy.