IREN (NASDAQ:IREN) Shares Down 1% – Time to Sell?

Posted by George Bondi on Jul 16th, 2026

IREN Limited (NASDAQ:IREN – Get Free Report)’s share price dropped 1% during trading on Tuesday . The stock traded as low as $37.04 and last traded at $38.59. Approximately 35,004,528 shares were traded during trading, a decline of 17% from the average daily volume of 41,932,840 shares. The stock had previously closed at $38.98.

Analyst Upgrades and Downgrades

IREN has been the topic of several recent research reports. B. Riley Financial lifted their price objective on shares of IREN from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. The Goldman Sachs Group set a $50.00 price target on shares of IREN in a research note on Wednesday, May 27th. HC Wainwright lifted their price target on IREN to $85.00 and gave the company a “buy” rating in a report on Friday, May 8th. BTIG Research increased their price objective on IREN to $80.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on IREN from $39.00 to $46.00 and gave the stock an “underweight” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, IREN presently has an average rating of “Moderate Buy” and a consensus price target of $82.36.

View Our Latest Stock Report on IREN

IREN Stock Down 0.8%

The firm’s fifty day moving average is $53.23 and its two-hundred day moving average is $47.70. The firm has a market cap of $13.68 billion, a price-to-earnings ratio of 79.75 and a beta of 4.27. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.72 and a quick ratio of 3.72.

IREN (NASDAQ:IREN – Get Free Report) last released its earnings results on Friday, May 8th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The company had revenue of $144.79 million for the quarter, compared to analyst estimates of $219.69 million. IREN had a net margin of 20.90% and a negative return on equity of 13.13%. On average, sell-side analysts expect that IREN Limited will post -1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On IREN

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Miller Wealth Advisors LLC lifted its stake in IREN by 240.0% during the fourth quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of IREN by 177.5% during the second quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock worth $32,000 after purchasing an additional 442 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of IREN during the 4th quarter valued at $26,000. Clearstead Trust LLC acquired a new stake in IREN during the fourth quarter valued at $27,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of IREN in the 4th quarter valued at approximately $28,000. 41.08% of the stock is owned by institutional investors and hedge funds.

IREN Company Profile

(Get Free Report)

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.