IREN (NASDAQ:IREN) Stock Price Up 9.3% – Here’s What Happened

IREN Limited (NASDAQ:IREN)’s stock price shot up 9.3% during mid-day trading on Monday . The company traded as high as $51.63 and last traded at $50.33. 52,043,082 shares traded hands during trading, an increase of 37% from the average session volume of 38,067,191 shares. The stock had previously closed at $46.03.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Report that IREN is seeking funding to power a major Microsoft AI partnership — this validates a high-profile strategic tie-up that could drive revenue and justify capital raises to scale infrastructure. IREN Seeks Funding to Power Major Microsoft AI Partnership
• Positive Sentiment: The Motley Fool explains why IREN “skyrocketed 285% in 2025,” saying investors discovered a valuable asset the company had been building — narrative reinforcement that supports higher valuation expectations. Why IREN Limited Skyrocketed 285% in 2025
• Positive Sentiment: Coverage in lists of “hidden AI stocks” and “AI stocks that could make you a fortune” (247 Wall Street and The Motley Fool) increases retail and institutional visibility, potentially attracting new buyers focused on AI and data-center plays. 3 Hidden AI Stocks That Can Become This Year’s Superstars
• Positive Sentiment: Additional Fool piece highlights IREN’s positioning to benefit from rising data-center investment — a thematic tailwind that supports growth estimates and higher multiples for infrastructure-exposed companies. 2 AI Stocks That Could Help Make You a Fortune
• Neutral Sentiment: Short-interest data reported as effectively zero — the entry shows no measurable short position, which removes short-driven downward pressure but also provides limited signal on sentiment. Short Interest Report

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. JMP Securities set a $80.00 price target on shares of IREN in a report on Wednesday, November 19th. Zacks Research raised shares of IREN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. JPMorgan Chase & Co. raised their price target on shares of IREN from $28.00 to $39.00 and gave the company an “underweight” rating in a research note on Monday, November 24th. B. Riley reiterated a “buy” rating on shares of IREN in a report on Wednesday, October 22nd. Finally, Citigroup assumed coverage on IREN in a report on Wednesday, November 19th. They set an “outperform” rating for the company. Twelve research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.64.

IREN Stock Up 9.3%

The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.52 and a current ratio of 5.52. The business has a 50 day simple moving average of $46.42 and a 200-day simple moving average of $37.88. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 25.94 and a beta of 4.25.

IREN (NASDAQ:IREN) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.48). IREN had a net margin of 86.96% and a negative return on equity of 3.60%. The firm had revenue of $240.30 million for the quarter, compared to analyst estimates of $244.60 million. IREN’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, equities analysts expect that IREN Limited will post 0.43 EPS for the current year.

Institutional Trading of IREN

Several institutional investors have recently made changes to their positions in IREN. Belpointe Asset Management LLC grew its position in IREN by 21.8% in the first quarter. Belpointe Asset Management LLC now owns 24,974 shares of the company’s stock worth $152,000 after acquiring an additional 4,465 shares during the period. Balefire LLC purchased a new position in shares of IREN during the 2nd quarter worth $1,214,000. Baader Bank Aktiengesellschaft purchased a new position in shares of IREN during the 2nd quarter worth $4,808,000. Wealth Enhancement Advisory Services LLC increased its position in shares of IREN by 5.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 61,248 shares of the company’s stock worth $892,000 after purchasing an additional 3,307 shares during the last quarter. Finally, AFG Fiduciary Services Limited Partnership purchased a new stake in IREN in the 2nd quarter valued at about $254,000. 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.