Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Iris Energy Ltd’s current trading price is -42.41% away from its 52-week high, while its distance from the 52-week low is 113.79%. The stock’s price range during this period has varied between $2.61 and $9.69. The company, active in the Financial sector, saw a trading volume of around 12.45 million for the day, considerably higher average daily volume of 8.53 million observed over the last three months.
Iris Energy Ltd’s stock has had a calm market performance. The 1-year high for the company’s stock was $9.69 on 12/27/23, and the lowest price during the same period was recorded at $2.61 on 03/28/23.
How Financial Performance Impacts Market Capitalization
Iris Energy Ltd (IREN) has experienced a quarterly decline of -27.34% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 613.24M.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.18, with a change in price of +2.57. Similarly, Iris Energy Ltd recorded 6,830,004 in trading volume during the last 100 days, posting a change of +85.38%.
How IREN’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to 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
As of today, the raw stochastic average of Iris Energy Ltd over the past 50 days is 39.35%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 42.43%. Additionally, the Stochastic %K and %D values for the company were 37.39% and 36.00%, respectively, over the past 20 days.
IREN Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -21.96%.However, over the last six months, we can see a weaker performance of 45.69%. Over the last 30 days, the price of IREN has leaped by -9.71%. And in the last five days, it has surged by 21.04%.
