IREN Ltd’s recently made public that its Director Christopher Guzowski acquired Company’s shares for reported $0.22 million on Sep 17 ’24. In the deal valued at $7.73 per share,28,970 shares were bought.
JP Morgan upgraded its IREN Ltd [IREN] rating to an Overweight from a a Neutral in a research note published on March 13, 2025; the price target was decreased to $12 from $15. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. JP Morgan also remained covering IREN and has decreased its forecast on December 10, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. ROTH MKM started covering the stock on October 02, 2024. It rated IREN as “a Buy”.
Price Performance Review of IREN
On Tuesday, IREN Ltd [NASDAQ:IREN] saw its stock fall -10.34% to $6.59. Over the last five days, the stock has lost -6.52%. IREN Ltd shares have fallen nearly -32.89% since the year began. Nevertheless, the stocks have risen 44.52% over the past one year. While a 52-week high of $15.92 was reached on 01/24/25, a 52-week low of $4.15 was recorded on 03/10/25. SMA at 50 days reached $10.24, while 200 days put it at $10.17.
Levels Of Support And Resistance For IREN Stock
The 24-hour chart illustrates a support level at 6.40, which if violated will result in even more drops to 6.21. On the upside, there is a resistance level at 6.96. A further resistance level may holdings at 7.33. The Relative Strength Index (RSI) on the 14-day chart is 32.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.68%. Stochastics %K at 21.11% indicates the stock is a holding.
How much short interest is there in IREN Ltd?
A steep rise in short interest was recorded in IREN Ltd stocks on 2025-02-28, growing by 1.66 million shares to a total of 22.25 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 20.59 million shares. There was a rise of 7.47%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 04, 2024 when Needham began covering the stock and recommended ‘”a Hold”‘ rating .
