IREN (NASDAQ:IREN) Trading Down 8.5% – Should You Sell?

by · The Cerbat Gem

IREN Limited (NASDAQ:IREN – Get Free Report)’s share price was down 8.5% during trading on Thursday . The stock traded as low as $38.76 and last traded at $40.13. Approximately 44,938,112 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 41,642,949 shares. The stock had previously closed at $43.84.

Key IREN News

Here are the key news stories impacting IREN this week:

  • Positive Sentiment: IREN agreed to purchase over 50,000 NVIDIA B300 GPUs, bringing its fleet to 150,000 GPUs and increasing compute capacity for AI workloads. This materially enlarges IREN’s scale and time-to-compute capabilities, supporting larger enterprise AI customers and spot/cloud demand. Read More.
  • Positive Sentiment: Management set a $3.7 billion AI cloud annualized revenue run-rate target for 2026 tied to the GPU expansion and new NVIDIA B300 deployments — a clear growth roadmap that likely drove the recent investor buying. Read More.
  • Neutral Sentiment: Short-term price action has also been influenced by a rally in Bitcoin/crypto markets, which can lift sentiment for some tech and cloud-adjacent names; this is an external factor rather than company-specific revenue proof. Read More.
  • Negative Sentiment: IREN expanded its at-the-market (ATM) equity offering capacity, giving management the ability to raise equity quickly — a liquidity tool that can be dilutive and may concern investors focused on share count and near-term EPS. Read More.

Analyst Ratings Changes

A number of brokerages recently issued reports on IREN. Cantor Fitzgerald cut their price objective on IREN to $82.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. B. Riley Financial reiterated a “buy” rating on shares of IREN in a research report on Friday, February 6th. UBS Group restated a “buy” rating on shares of IREN in a report on Friday, November 7th. Wall Street Zen cut shares of IREN from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Finally, Citigroup initiated coverage on IREN in a research report on Wednesday, November 19th. They issued an “outperform” rating on the stock. Thirteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.69.

Get Our Latest Research Report on IREN

IREN Trading Down 8.5%

The company has a debt-to-equity ratio of 1.51, a current ratio of 4.96 and a quick ratio of 4.96. The firm has a market cap of $13.33 billion, a PE ratio of 30.17 and a beta of 4.31. The company’s 50 day moving average price is $46.69 and its 200 day moving average price is $45.72.

IREN (NASDAQ:IREN – Get Free Report) last released its earnings results on Thursday, February 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.37). The business had revenue of $184.69 million for 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 company’s revenue was down 23.1% on a year-over-year basis. As a group, analysts forecast that IREN Limited will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IREN. Hood River Capital Management LLC acquired a new stake in IREN in the 2nd quarter valued at about $74,228,000. Marex Group plc grew its stake in shares of IREN by 14,216.7% during the fourth quarter. Marex Group plc now owns 4,471,263 shares of the company’s stock worth $168,880,000 after purchasing an additional 4,440,032 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in IREN in the fourth quarter valued at $158,677,000. Clear Street Group Inc. acquired a new stake in IREN in the fourth quarter valued at $137,075,000. Finally, Situational Awareness LP lifted its holdings in IREN by 90.1% during the 2nd quarter. Situational Awareness LP now owns 6,400,384 shares of the company’s stock worth $93,254,000 after buying an additional 3,034,254 shares during the last quarter. 41.08% of the stock is owned by institutional investors and hedge funds.

About IREN

(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.

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