IREN (NASDAQ:IREN) Shares Down 4.9% – What’s Next?

Shares of IREN Limited (NASDAQ:IREN) traded down 4.9% on Thursday . The stock traded as low as $56.72 and last traded at $59.84. 47,774,809 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 43,516,840 shares. The stock had previously closed at $62.94.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN’s strategic pivot toward an AI cloud and a reported partnership with Microsoft has materially reshaped the investment thesis by signaling hyperscaler/cloud support for its power‑dense data centers, boosting investor confidence in long‑term demand. IREN Pivot To AI Cloud With Microsoft Partnership Reshapes Investment Thesis
• Positive Sentiment: News of AI funding and follow‑up analyst bullish calls sent shares sharply higher (reports of a ~14–15% intraday jump), reflecting momentum trades into AI infrastructure names. IREN Ltd. (IREN) soars 14.6% on further AI bets
• Positive Sentiment: A disclosed purchase of IREN shares by Rep. Dale Strong (reported $1k–$15k) has drawn investor attention; congressional buying often increases retail/institutional scrutiny and can be perceived as a modest vote of confidence. Rep. Dale Strong Makes First-Ever Stock Trade With Purchase of IREN Shares
• Neutral Sentiment: Analysts and commentators are comparing IREN to other AI‑infrastructure plays (e.g., CoreWeave) as investors rotate toward higher‑beta AI exposure; this increases relative valuation scrutiny and trading volatility. Iren Limited vs. CoreWeave: Accelerating AI Momentum
• Neutral Sentiment: Market attention is focused on IREN’s upcoming earnings, described as a pivotal report that will test whether recent AI demand commentary and funding translate into measurable revenue/booking momentum. IREN’s Pivotal Earnings Report: A Test for Its AI Ambitions
• Negative Sentiment: Zacks highlights that IREN currently lacks the two key ingredients that often lead to an earnings beat, and analysts are modeling a year‑over‑year decline in earnings — a near‑term earnings risk that can pressure the stock if the report disappoints. Analysts Estimate IREN Limited (IREN) to Report a Decline in Earnings: What to Look Out for

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IREN. Citizens Jmp initiated coverage on IREN in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $80.00 target price for the company. HC Wainwright raised IREN from a “sell” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Tuesday, January 13th. UBS Group restated a “buy” rating on shares of IREN in a research report on Friday, November 7th. Citigroup started coverage on shares of IREN in a research report on Wednesday, November 19th. They set an “outperform” rating for the company. Finally, Roth Mkm set a $94.00 price target on shares of IREN and gave the stock a “buy” rating in a research note on Monday, November 3rd. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, IREN currently has a consensus rating of “Moderate Buy” and an average price target of $69.36.

IREN Trading Down 4.9%

The firm has a market capitalization of $16.96 billion, a price-to-earnings ratio of 30.85 and a beta of 4.25. The business’s fifty day moving average is $46.07 and its 200 day moving average is $41.02. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34.

IREN (NASDAQ:IREN) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.48). The firm had revenue of $240.30 million for the quarter, compared to analyst estimates of $244.60 million. IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. Equities analysts predict that IREN Limited will post 0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC bought a new stake in shares of IREN during the third quarter worth approximately $25,000. Miller Wealth Advisors LLC boosted its holdings in shares of IREN by 240.0% in the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after purchasing an additional 480 shares in the last quarter. Aventura Private Wealth LLC bought a new position in IREN in the fourth quarter valued at about $28,000. Albion Financial Group UT acquired a new position in IREN during the 4th quarter worth approximately $38,000. Finally, Allianz SE bought a new position in shares of IREN in the 3rd quarter valued at $57,000. Institutional investors own 41.08% of the company’s stock.

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.