IREN Limited (IREN)Financial Services | Capital Markets | Sydney, Australia | NasdaqGS
38.98 USD
-2.16
(-5.250%) ⇩
(July 13, 2026, 4 p.m.
EDT)
After hours: 38.53 -0.45 (-0.450%) ⇩ (July 13, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 3:53 a.m. EDT
IREN presents a classic high-beta dilemma: a fundamentally improving business trapped in a volatile, speculative price structure. The long-term outlook is solid; the company has delivered three consecutive years of double-digit growth (+93%, +66%, +45%), expanding its revenue base and maintaining healthy gross margins despite heavy capital expenditures. However, the balance sheet remains fragile with negative free cash flow and significant debt, which keeps the valuation elevated relative to traditional metrics. The short-term picture is murky due to a lack of clear momentum; the stock is hovering near its 200-day average but has recently underperformed its 50-day line, showing no immediate explosive catalyst. The options market confirms this uncertainty, with traders piling into both deep puts and moderate calls, effectively betting on a binary event rather than a steady trend. Until the pending deal closes or earnings prove the path to profitability is accelerating, the stock remains a high-risk, high-reward speculative play rather than a core holding. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.195109 |
| AutoTheta | 0.215103 |
| AutoETS | 0.215159 |
| AutoARIMA | 0.215839 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 37% |
| H-stat | 1.07 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.387 |
| Excess Kurtosis | -0.37 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Debt to Equity Ratio | 148.804 |
| Revenue per Share | 2.653 |
| Market Cap | 13,930,620,928 |
| Trailing P/E | 50.62 |
| Forward P/E | -41.47 |
| Beta | 4.28 |
| Profit Margins | 20.88% |
| Previous Name | Iris Energy Limited |
| Website | https://iren.com |
As of July 11, 2026, 3:53 a.m. EDT: Speculators are aggressively positioning for volatility rather than a specific directional breakout. There is massive open interest in deep out-of-the-money puts (strikes 18-24), indicating a 'crash' hedge or a belief that the stock could halve again. Conversely, there is significant call open interest at strikes 50-60 and 70-80, suggesting a belief in a rebound to the mid-50s or a test of the previous highs. The volume in near-term calls (July/August) shows active buying at strikes 45-55, while put volume is concentrated in the 20s. This creates a 'straddle' environment where traders are betting on a large move in either direction, likely waiting for a catalyst regarding the pending deal or earnings.
| Attribute | Value |
|---|---|
| 52 Week Change | 1.3807871 |
| Address1 | 55 Market Street |
| Address2 | Level 6 |
| All Time High | 76.87 |
| All Time Low | 1.02 |
| Ask | 41.43 |
| Ask Size | 2 |
| Average Analyst Rating | 1.6 - Buy |
| Average Daily Volume10 Day | 41,556,300 |
| Average Daily Volume3 Month | 46,604,218 |
| Average Volume | 46,604,218 |
| Average Volume10Days | 41,556,300 |
| Beta | 4.279 |
| Bid | 38.6 |
| Bid Size | 1 |
| Book Value | 7.814 |
| City | Sydney |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | Australia |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 38.98 |
| Current Ratio | 3.722 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 42.17 |
| Day Low | 38.08 |
| Debt To Equity | 148.804 |
| Display Name | IREN |
| Earnings Call Timestamp End | 1,778,187,600 |
| Earnings Call Timestamp Start | 1,778,187,600 |
| Earnings Timestamp | 1,778,184,000 |
| Earnings Timestamp End | 1,787,860,800 |
| Earnings Timestamp Start | 1,787,860,800 |
| Ebitda | 147,176,000 |
| Ebitda Margins | 0.19440001 |
| Enterprise To Ebitda | 106.554 |
| Enterprise To Revenue | 20.714 |
| Enterprise Value | 15,682,259,968 |
| Eps Current Year | -2.05 |
| Eps Forward | -0.94 |
| Eps Trailing Twelve Months | 0.77 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 53.793 |
| Fifty Day Average Change | -14.813 |
| Fifty Day Average Change Percent | -0.2753704 |
| Fifty Two Week Change Percent | 138.07872 |
| Fifty Two Week High | 76.87 |
| Fifty Two Week High Change | -37.890003 |
| Fifty Two Week High Change Percent | -0.49291015 |
| Fifty Two Week Low | 14.72 |
| Fifty Two Week Low Change | 24.259998 |
| Fifty Two Week Low Change Percent | 1.6480976 |
| Fifty Two Week Range | 14.72 - 76.87 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,637,159,400,000 |
| Float Shares | 308,885,962 |
| Forward Eps | -0.94 |
| Forward P E | -41.468086 |
| Free Cashflow | -2,311,044,352 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 257 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.68397003 |
| Gross Profits | 517,816,992 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.035150003 |
| Held Percent Institutions | 0.49063 |
| Implied Shares Outstanding | 357,378,674 |
| Industry | Capital Markets |
| Industry Disp | Capital Markets |
| Industry Key | capital-markets |
| Ipo Expected Date | 2,021-11-17 |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,751,241,600 |
| Long Business Summary | IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers. It also mines Bitcoin, a scarce digital asset that is created and transmitted through the operation of a peer-to-peer network of computers running the Bitcoin software. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. The company was incorporated in 2018 and is based in Sydney, Australia. |
| Long Name | IREN Limited |
| Market | us_market |
| Market Cap | 13,930,620,928 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_706254871 |
| Most Recent Quarter | 1,774,915,200 |
| Name Change Date | 2,026-07-13 |
| Net Income To Common | 158,054,000 |
| Next Fiscal Year End | 1,782,777,600 |
| Non Diluted Market Cap | 14,702,558,648 |
| Number Of Analyst Opinions | 15 |
| Open | 40.302 |
| Operating Cashflow | 392,467,008 |
| Operating Margins | -0.64468 |
| Payout Ratio | 0.0 |
| Peg Ratio | 3.11 |
| Phone | 61 2 7906 8301 |
| Post Market Change | -0.45000076 |
| Post Market Change Percent | -1.1544402 |
| Post Market Price | 38.53 |
| Post Market Time | 1,783,987,194 |
| Prev Name | Iris Energy Limited |
| Previous Close | 41.14 |
| Price Eps Current Year | -19.014635 |
| Price Hint | 2 |
| Price To Book | 4.988482 |
| Price To Sales Trailing12 Months | 18.400606 |
| Profit Margins | 0.20877 |
| Quick Ratio | 3.504 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 1.625 |
| Region | US |
| Regular Market Change | -2.16 |
| Regular Market Change Percent | -5.25036 |
| Regular Market Day High | 42.17 |
| Regular Market Day Low | 38.08 |
| Regular Market Day Range | 38.08 - 42.17 |
| Regular Market Open | 40.302 |
| Regular Market Previous Close | 41.14 |
| Regular Market Price | 38.98 |
| Regular Market Time | 1,783,972,801 |
| Regular Market Volume | 35,612,946 |
| Return On Assets | -0.03002 |
| Return On Equity | 0.07729 |
| Revenue Growth | -0.0 |
| Revenue Per Share | 2.653 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 357,378,674 |
| Shares Percent Shares Out | 0.21270001 |
| Shares Short | 76,026,194 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 55,544,942 |
| Short Name | IREN LIMITED |
| Short Percent Of Float | 0.2197 |
| Short Ratio | 1.76 |
| Source Interval | 15 |
| State | NSW |
| Symbol | IREN |
| Target High Price | 126.0 |
| Target Low Price | 41.0 |
| Target Mean Price | 80.93333 |
| Target Median Price | 80.0 |
| Total Cash | 2,213,274,112 |
| Total Cash Per Share | 6.193 |
| Total Debt | 3,964,912,896 |
| Total Revenue | 757,073,984 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.77 |
| Trailing P E | 50.62338 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 49.204376 |
| Two Hundred Day Average Change | -10.224377 |
| Two Hundred Day Average Change Percent | -0.20779406 |
| Type Disp | Equity |
| Volume | 35,612,946 |
| Website | https://iren.com |
| Zip | 2,000 |