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How to buy Iris Energy stock

Learn how to easily invest in Iris Energy stock.

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.

How to buy Iris Energy stock

  1. Choose a stock trading platform. Use our comparison table or choose from our Top Picks below.
  2. Open an account. Provide your personal information and sign up.
  3. Fund your account. Deposit funds unto your account by linking your banking information or transfer funds from another trading account.
  4. Search for the stock name – IREN. Search for the stock by name or ticker symbol.
  5. Buy the stock. Place your order. It's that simple.

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Iris Energy stock price (NASDAQ: IREN)

Use our graph to track the performance of IREN stocks over time.

Iris Energy shares at a glance

Information last updated 2023-03-25.
Latest market close$2.72
52-week range$1.02 - $16.09
50-day moving average $2.56
200-day moving average $3.12
Wall St. target price$6.90
PE ratio 2.4622
Dividend yield $0 (0%)
Earnings per share (TTM) $1.19

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Is it a good time to buy Iris Energy stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Iris Energy price performance over time

Historical closes compared with the close of $2.72 from 2023-03-27

1 week (2023-03-21) -18.07%
1 month (2023-02-28) -1.81%
3 months (2022-12-28) 156.60%
6 months (2022-09-28) -27.85%
1 year (2022-03-28) -80.38%
2 years (2021-03-26) -97.01%
3 years (2020-03-27) 79.4
5 years (2018-03-28) 65

Is Iris Energy stock undervalued or overvalued?

Valuing Iris Energy stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Iris Energy's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Iris Energy's P/E ratio

Iris Energy's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 2x. In other words, Iris Energy shares trade at around 2x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Iris Energy financials

Revenue TTM $58.4 million
Gross profit TTM $51.6 million
Return on assets TTM -5.07%
Return on equity TTM -45.41%
Profit margin -278.81%
Book value $5.09
Market capitalisation $161.1 million

TTM: trailing 12 months

Iris Energy share dividends

We're not expecting Iris Energy to pay a dividend over the next 12 months.

Iris Energy overview

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. .

Frequently asked questions

What percentage of Iris Energy is owned by insiders or institutions?
Currently 23.972% of Iris Energy shares are held by insiders and 21.368% by institutions.
How many people work for Iris Energy?
Latest data suggests 102 work at Iris Energy.
When does the fiscal year end for Iris Energy?
Iris Energy's fiscal year ends in June.
Where is Iris Energy based?
Iris Energy's address is: 44 Market Street, Sydney, NSW, Australia, 2000
What is Iris Energy's ISIN number?
Iris Energy's international securities identification number is: AU0000185993

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