A number of other brokerages have also commented on IREN. HC Wainwright assumed coverage on shares of Iris Energy in a report on Tuesday, August 30th. They issued a buy rating and a $7.00 price target on the stock. Compass Point raised shares of Iris Energy from a neutral rating to a buy rating and increased their target price for the company from $6.00 to $6.50 in a report on Wednesday, September 14th. Citigroup reduced their target price on shares of Iris Energy from $8.00 to $6.00 and set a buy rating on the stock in a report on Thursday, September 15th. Cowen lowered shares of Iris Energy from an outperform rating to a market perform rating in a report on Thursday. Finally, Cantor Fitzgerald reduced their target price on shares of Iris Energy from $22.00 to $7.00 in a report on Thursday, September 15th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Iris Energy presently has a consensus rating of Moderate Buy and an average price target of $18.75.
Iris Energy Trading Up 1.0 %
Shares of NASDAQ:IREN opened at $4.04 on Thursday. The company’s fifty day moving average price is $4.54 and its 200-day moving average price is $7.27. Iris Energy has a one year low of $2.89 and a one year high of $28.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.88 and a quick ratio of 1.88.
Institutional Investors Weigh In On Iris Energy
About Iris Energy
Iris Energy Limited operates as a bitcoin mining company. The company was incorporated in 2018 and is based in Sydney, Australia.
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