IREN (NASDAQ:IREN) Trading Down 6.2% – What’s Next?

Shares of IREN Limited (NASDAQ:IREN) dropped 6.2% during trading on Thursday . The company traded as low as $39.51 and last traded at $40.03. Approximately 29,891,692 shares were traded during trading, a decline of 34% from the average daily volume of 45,492,512 shares. The stock had previously closed at $42.67.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Added to the MSCI USA Index effective Feb. 27, which should boost passive/institutional demand and support liquidity for the stock. IREN Added to MSCI USA Index
• Positive Sentiment: Reports that major banks (Goldman, JPMorgan) are part of a large ~ $3.6B credit facility to fund GPU expansion — a clear vote of confidence that reduces dilution risk and funds the AI pivot. IREN Bounces Back: The Market Votes Yes as Big Banks Step In
• Positive Sentiment: Execution progress: IREN says it has >4.5 GW of secured capacity and has nearly 95% funding secured for the $9.7B Microsoft AI contract; Q2 showed strong AI services revenue growth (large percentage gains from a small base). This supports longer‑term ARR expansion potential. IREN: Execution De‑Risk And Secured Capacity Drives Growth
• Positive Sentiment: Brokerage support: Canaccord reaffirmed a “Buy” and coverage notes (and Cantor Fitzgerald framed the post‑earnings dip as a buying opportunity), which can attract more institutional buyers. Canaccord Genuity Group Reaffirms Buy for IREN Cantor Fitzgerald view
• Neutral Sentiment: Analyst/earnings expectations and market commentary remain mixed; some outlets highlight institutional accumulation and a potential rerating if AI revenue ramps, while sell‑side models still flag execution and margin risk. Equities Analysts Set Expectations for IREN Q3
• Negative Sentiment: Q2 results contained headline misses: EPS and revenue fell short of consensus, and investor reaction included a sharp sell‑off earlier in the month — retail sentiment on social platforms cooled as traders dissected the quarter. That short‑term skepticism drove volatility. IREN Drops 14% as Bitcoin Mining Revenue Falls to $167 Million
• Neutral Sentiment: Short‑interest reports in this data set are inconsistent/ambiguous (published figures show zeros/NaN), so while some headlines claim rising short interest, the data provided here is not actionable. Investors should check official exchange short‑interest releases.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JMP Securities set a $80.00 price target on shares of IREN in a report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of IREN in a research note on Monday, December 29th. Compass Point reaffirmed a “buy” rating and issued a $105.00 price target on shares of IREN in a research note on Friday, November 7th. Citizens Jmp assumed coverage on IREN in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $80.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of IREN from $28.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, November 24th. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, IREN has an average rating of “Moderate Buy” and a consensus price target of $72.29.

IREN Stock Performance

The stock has a market capitalization of $11.99 billion, a PE ratio of 31.81 and a beta of 4.27. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.96 and a current ratio of 4.96. The firm’s 50 day moving average is $46.28 and its two-hundred day moving average is $43.28.

IREN (NASDAQ:IREN) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.37). The business had revenue of $184.69 million during the quarter, compared to analyst estimates of $229.64 million. IREN had a negative return on equity of 10.01% and a net margin of 56.59%.The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. As a group, research analysts predict that IREN Limited will post 0.43 earnings per share for the current year.

Hedge Funds Weigh In On IREN

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC purchased a new stake in shares of IREN during the third quarter worth approximately $25,000. Miller Wealth Advisors LLC raised its holdings in shares of IREN by 240.0% in the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after purchasing an additional 480 shares in the last quarter. North Star Investment Management Corp. purchased a new stake in shares of IREN during the 4th quarter worth $26,000. Clearstead Trust LLC purchased a new stake in shares of IREN during the 4th quarter worth $27,000. Finally, Aventura Private Wealth LLC acquired a new position in shares of IREN during the fourth quarter worth $28,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

About IREN

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.