IREN’s Financial Health: Exploring Iris Energy Ltd’s Debt-to-Equity Ratio of 1.79

Iris Energy Ltd’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $14.95 on 07/05/24, with the lowest value being $2.79 on 11/13/23.

52-week price history of IREN Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Iris Energy Ltd’s current trading price is 0.54% away from its 52-week high, while its distance from the 52-week low is 438.73%. The stock’s price range during this period has fluctuated between $2.79 and $14.95. Shares of the company, which operates in the Financial sector, recorded a trading volume of around 17.59 million for the day, which was evidently higher than the average daily volume of 13.12 million over the last three months.

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Financial Performance and Market Capitalization

Iris Energy Ltd (IREN) has experienced a quarterly rise of 160.94% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.17B.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 7.22, with a change in price of +9.09. Similarly, Iris Energy Ltd recorded 12,639,916 in trading volume during the last 100 days, posting a change of +153.03%.

IREN Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for IREN stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.

IREN Stock Stochastic Average

Iris Energy Ltd’s raw stochastic average for the past 50 days is currently at 99.91%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 99.84%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 93.70% and 89.27%, respectively.

IREN Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The index has shown a price gain of 110.21% this year. Over the last six months, there has been a weaker performance of 129.82%. The price of IREN fallen by 69.07% during the last 30 days period. For the last 5-days stocks have improved 27.48%.

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