Iris Energy (NASDAQ:IREN) Sees Unusually-High Trading Volume

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Iris Energy Ltd (NASDAQ:IREN) shares saw unusually-strong trading volume on Friday . Approximately 15,254 shares changed hands during mid-day trading, a decline of 97% from the previous session’s volume of 490,594 shares.The stock last traded at $13.37 and had previously closed at $14.02.

A number of research analysts recently issued reports on IREN shares. Macquarie started coverage on shares of Iris Energy in a research note on Monday, December 13th. They issued an “outperform” rating and a $31.00 target price on the stock. Canaccord Genuity started coverage on shares of Iris Energy in a research note on Monday, December 13th. They issued a “buy” rating and a $30.00 target price on the stock. Citigroup started coverage on shares of Iris Energy in a research note on Tuesday, December 14th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. started coverage on shares of Iris Energy in a research note on Monday, December 13th. They issued an “overweight” rating and a $30.00 target price on the stock. Finally, Compass Point started coverage on shares of Iris Energy in a research note on Monday, December 13th. They issued a “buy” rating on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $30.33.

Iris Energy Company Profile (NASDAQ:IREN)

Iris Energy is a Bitcoin mining company. It builds, owns and operates data center infrastructure with a focus on entry into regions where it can access abundant and/or under-utilized renewable energy to power its operations. Iris Energy is based in SYDNEY, Australia.

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