Exploring Iris Energy (IREN) Stock – A Fundamental Analysis

By Tamara Parker • Wednesday, August 05 10:46 • Permanent Link

Iris Energy sank -2.6% today, compared to the S&P 500's day change of 0.0%. Today's losers may turn out to be tomorrow's winners, so be sure to check the stock's fundamentals before making an investment decision:

Iris Energy has moved 117.0% over the last year, and the S&P 500 logged a change of 19.8%
IREN has an average analyst rating of buy and is -51.3% away from its mean target price of $81.73 per share
Its trailing earnings per share (EPS) is $0.77
Iris Energy has a trailing 12 month Price to Earnings (P/E) ratio of 51.7 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $-0.94 and its forward P/E ratio is -42.3
The company has a Price to Book (P/B) ratio of 5.09 in contrast to the S&P 500's average ratio of 4.74
Iris Energy is part of the Finance sector, which has an average P/E ratio of 15.92 and an average P/B of 1.78
The company has a free cash flow of $-2311044352, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.