IREN Stock Summary and Trading Ideas (Iren Limited - | NASDAQ:IREN)

IREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy.

Iren Limited - trades on the NASDAQ stock market under the symbol IREN.

As of April 4, 2025, IREN stock price declined to $5.94 with 19,332,929 million shares trading.

IREN has a beta of 2.92, meaning it tends to be more sensitive to market movements. IREN has a correlation of 0.20 to the broad based SPY ETF.

IREN has a market cap of $1.30 billion. This is considered a Small Cap stock.

Last quarter Iren Limited - reported $113 million in Revenue and $.09 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.03.

In the last 3 years, IREN traded as high as $15.92 and as low as $1.02.

The top ETF exchange traded funds that IREN belongs to (by Net Assets): WGMI, BITQ, DAPP, STCE, BKCH.

IREN has outperformed the market in the last year with a return of +3.1%, while the SPY ETF was flat at -0.1%. However, in the most recent history, IREN shares have underperformed the stock market with its stock returning -47.6% in the last 3 month period and -16.9% for the last 2 week period, while SPY has returned -14.4% and -10.4%, respectively.

IREN support price is $5.64 and resistance is $6.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IREN shares will trade within this expected range on the day.