IREN (NASDAQ:IREN) Sets New 1-Year Low – Time to Sell?

Posted by Brenda Bartman on Nov 5th, 2026

Shares of IREN Limited (NASDAQ:IREN – Get Free Report) hit a new 52-week low during trading on Thursday. The company traded as low as $20.56 and last traded at $20.5750, with a volume of 4,132,441 shares. The stock had previously closed at $21.71.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

Positive Sentiment: IREN’s relationships with Microsoft and NVIDIA, along with substantial financing, support the long-term opportunity to expand into AI computing infrastructure. Bernstein has also maintained a Buy view ahead of earnings, providing a counterpoint to the selloff. IREN is Only Fit for a Specific Investor Currently Bernstein Says Buy Ahead of Q1 Earnings
Neutral Sentiment: IREN is scheduled to report fiscal Q1 2027 results after the market close on Nov. 5. The consensus revenue estimate is $219.95 million, down 8.46% year over year. Investors are likely to focus on AI customer demand, GPU deployment, expansion financing and the pace of the company’s infrastructure transition. IREN to Report Q1 Earnings IREN’s AI Transformation Faces a Crucial Earnings Test
Negative Sentiment: A report says Microsoft reduced data-center spending after delays involving IREN’s capacity coming online. That raises concerns about project execution and the timing of revenue from its AI buildout. Microsoft Lowered Data Center Spending Following Delays By Iren
Negative Sentiment: Investors are also concerned that Texas election results could lead to tougher rules or a data-center moratorium, potentially delaying projects in a state where IREN operates campuses. The shares have faced a sharp recent decline, amplifying sensitivity to earnings and execution news. IREN Stock Slides as Midterm Results Raise Regulatory Fears

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on IREN shares. The Goldman Sachs Group restated a “neutral” rating on shares of IREN in a research note on Monday, July 20th. Citigroup reissued a “market outperform” rating on shares of IREN in a research report on Friday, August 28th. Morgan Stanley cut IREN to a “buy” rating in a research report on Wednesday, September 2nd. Northland Securities initiated coverage on IREN in a research note on Friday, September 18th. They set an “outperform” rating and a $99.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded IREN from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $46.00 to $65.00 in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.69.

Get Our Latest Analysis on IREN

IREN Stock Performance

The company has a debt-to-equity ratio of 1.80, a quick ratio of 3.55 and a current ratio of 3.55. The firm’s 50 day moving average price is $36.68 and its 200-day moving average price is $43.96. The firm has a market capitalization of $7.56 billion, a PE ratio of -8.39 and a beta of 4.33.

Institutional Investors Weigh In On IREN

A number of large investors have recently added to or reduced their stakes in IREN. Situational Awareness LP lifted its position in shares of IREN by 34.5% in the 1st quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock worth $401,036,000 after purchasing an additional 2,998,214 shares during the period. Bank of America Corp DE raised its stake in IREN by 58.4% during the 1st quarter. Bank of America Corp DE now owns 2,138,619 shares of the company’s stock valued at $73,312,000 after buying an additional 788,547 shares during the last quarter. Swiss National Bank bought a new stake in shares of IREN in the 1st quarter valued at about $33,032,000. Amundi grew its stake in shares of IREN by 3,865.8% in the 1st quarter. Amundi now owns 845,113 shares of the company’s stock valued at $28,970,000 after buying an additional 823,803 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in IREN during the first quarter worth about $20,878,000. Institutional investors own 41.08% of the company’s stock.

IREN Company Profile

(Get Free Report)

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on bitcoin mining and high-performance computing. The company develops and operates data centers designed to support energy-intensive computing applications, including bitcoin mining and artificial intelligence (AI) cloud services.

IREN’s operations are supported by company-owned electrical infrastructure, data centers and computing hardware. Its bitcoin mining business uses specialized application-specific integrated circuit (ASIC) machines, while its AI cloud offering is designed to provide access to advanced computing resources for AI development and other high-performance computing workloads.

Founded in 2018 and headquartered in Sydney, Australia, IREN has developed data center operations in North America, including facilities in British Columbia, Canada, and Texas.