IREN (NASDAQ:IREN) Stock Price Down 7.8% – Time to Sell?

Shares of IREN Limited (NASDAQ:IREN) traded down 7.8% on Friday . The stock traded as low as $39.53 and last traded at $39.9220. 40,753,823 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 43,202,957 shares. The stock had previously closed at $43.29.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Analysts reiterated bullish views — Compass Point reaffirmed a Buy and set a $105 target, highlighting IREN’s expanding secured power (~4.5 GW) and strategy pivot toward data centers. Read More.
• Positive Sentiment: Institutional investor activity — Cantor Fitzgerald disclosed a material increase in its IREN stake (filed Feb. 17), signaling confidence from a large fund and providing a potential demand/support catalyst for the stock. Read More.
• Positive Sentiment: B. Riley maintained a Buy rating, reinforcing sell-side support for the company’s strategy shift. Read More.
• Neutral Sentiment: Macro/market context — IREN is frequently mentioned in Canada data-center coverage as an active operator among peers; that positions it for large-market opportunities but also more competitors and execution complexity. Read More.
• Neutral Sentiment: Odd short-interest reports show “significant increase” but list 0 shares and NaN changes — appears to be a reporting/data artifact, so no clear short-pressure signal at this time.
• Negative Sentiment: Recent earnings miss and weak top line — IREN reported a larger-than-expected loss for the Feb. quarter and revenue down ~23% year-over-year, pressuring sentiment and highlighting near-term profitability issues (high upfront capex).
• Negative Sentiment: Execution and valuation risk highlighted by analysts — Seeking Alpha pieces flag heavy upfront capex, execution risk on the neocloud pivot (despite a reported large Microsoft contract reference), and uneven near-term revenue/profitability, which can keep downward pressure on the stock until growth and margins prove out. Read More. Read More.

Wall Street Analysts Forecast Growth

IREN has been the topic of a number of research reports. HC Wainwright raised shares of IREN from a “sell” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of IREN in a research note on Monday, December 29th. Compass Point reissued a “buy” rating and issued a $105.00 price objective on shares of IREN in a research note on Friday, November 7th. Cantor Fitzgerald lowered their target price on IREN to $82.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Citigroup initiated coverage on IREN in a report on Wednesday, November 19th. They issued an “outperform” rating on the stock. Thirteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, IREN currently has an average rating of “Moderate Buy” and an average target price of $71.69.

IREN Trading Down 7.8%

The company’s 50 day simple moving average is $46.03 and its two-hundred day simple moving average is $44.01. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $13.27 billion, a price-to-earnings ratio of 30.02 and a beta of 4.27.

IREN (NASDAQ:IREN) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.37). IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The business had revenue of $184.69 million for the quarter, compared to analysts’ expectations of $229.64 million. The company’s revenue was down 23.1% on a year-over-year basis. As a group, research analysts anticipate that IREN Limited will post 0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On IREN

Large investors have recently modified their holdings of the business. Global Retirement Partners LLC acquired a new stake in IREN in the 3rd quarter worth approximately $25,000. Miller Wealth Advisors LLC raised its holdings in shares of IREN by 240.0% in the fourth quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock worth $26,000 after buying an additional 480 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in shares of IREN during the fourth quarter worth $26,000. Clearstead Trust LLC acquired a new stake in shares of IREN during the fourth quarter worth $27,000. Finally, Aventura Private Wealth LLC purchased a new stake in shares of IREN during the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

About IREN

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.