Insider buying last 90 days
No open-market insider purchases were filed for IREN in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every IREN insider filing, plotted on the chart in Gekko.Open IREN in Gekko
NASDAQ: IREN
IREN (IREN) Stock Analysis & Forecast
Sep 28 close
$41.72−2.41 (−5.5%)
Gekko Brief
AI summaryThis week's moves for IREN center on its pivot from Bitcoin mining to AI cloud services, drawing repeated comparisons to peers like Riot, TeraWulf, Cipher Mining, and Applied Digital. A prominent Wall Street analyst issued a $100 price target on the stock, while JPMorgan projected $24 billion in annual revenue by 2030, even as the shares are described as down 4% to $44 amid broader neocloud selling pressure alongside CoreWeave and Nebius. Coverage also notes IREN wrote off nearly half a billion dollars in Bitcoin mining hardware as part of its transformation.
IREN closed at $41.72, down 5.5%, sitting between its 50-day average of $41.37 and 200-day average of $45.57. The stock's one-month return is 2.9%, its three-month return is -9.1%, and its one-year return is -9.9%, with a 52-week range of $28.93 to $76.87. The GekkoIndex reads 57.6, placing it in the Neutral zone. Gekko Fair Value stands at $55.11, putting the current price 24.3% below that level.
IREN's next earnings report is scheduled for 5 November 2026, after close, 37 days away and outside a typical 20-trading-day holding window. Its last reaction to earnings was -10.4%, with 4 beats over the last 8 quarters. Over the last 30 days, options activity shows 3 unusual signals, with put premium of $12,741,853 against call premium of $3,893,241. Seasonality over the past 4 years shows an average 20-day return of 5.4%, positive in 2 of those years. Analyst consensus among 11 firms includes 8 buy and 3 hold ratings, with a consensus target of $77.97.
Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.
IREN price vs fair value
Close $41.72200-day averageGekko Fair Value $55.11
IREN quick facts
- Market cap
- $14.89B
- P/E ratio
- —
- Forward P/E
- 137
- EPS, TTM
- −$2.22
- Revenue, TTM
- $707.0M
- Profit margin
- -99.4%
- Dividend yield
- —
- Beta
- 4.29
- Volume
- 26.12M avg 36.16M
- 1-year return
- −9.9%
- Typical daily move
- ±6.1%
- Typical 20-day move
- ±22.4%
- 50-day average
- $41.37
- 200-day average
- $45.57
- Next earnings
- Nov 5 after close
- Shares outstanding
- 394.1M
IREN swing-trade checklist
IREN scores 2 supportive, 3 mixed and 1 headwind across the 6 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
2 supportive3 mixed1 headwind
- Trendmixed
Averages disagree
Close $41.72 sits between the 50-day ($41.37) and 200-day ($45.57) averages, or the averages disagree.
See the chart - GekkoIndexmixed
57.6, Neutral
Reading 57.6 is in the Neutral zone.
See the GekkoIndex - Fair valuesupportive
24.3% below
Price is 24.3% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneyheadwind
Leans bearish
Last 30 days: 3 unusual options signals.
See smart money - Earnings risksupportive
Reports in 37 days
Next report Nov 5, 2026, 37 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitymixed
+5.4% on average
From this point in the calendar, the next 20 trading days averaged +5.4% over 4 years, rising in 2 of them.
See seasonality
A description of current data, not a recommendation. How this page works
IREN stock chart and price history
IREN closed at $41.72 on Sep 28, 2026, −9.9% over the past year, inside a 52-week range of $28.93 to $76.87.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- +2.9%
- 3 months
- −9.1%
- 6 months
- +18.9%
- 1 year
- −9.9%
The full IREN chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open IREN in Gekko
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About IREN
IREN runs data centers that it owns and manages from the ground up, covering everything from computing hardware to the electrical systems and facilities that support them. The company's main activity is mining Bitcoin, a digital currency produced and traded through a decentralized network rather than issued by a central authority. This mining work is what IREN is chiefly recognized for.
Its operations span Australia and Canada, with the company controlling each layer of the infrastructure rather than relying on outside providers for its data center needs. IREN was formerly called Iris Energy Limited before it took on its current name in November 2024.
The company was founded in 2018 and is headquartered in Sydney, Australia. Its shares trade on the NASDAQ under the ticker IREN.
- Listed
- NASDAQ
- Sector
- Technology services
- Industry
- Data processing services
- Website
- iren.com
IREN GekkoIndex: the smart money zone
IREN’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 57.6, in the Neutral zone, up 8.4 points over five sessions.
57.6Neutral
Up 8.4 points over five sessions.
Reading for Sep 28, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 22 | +10.4% | +30.0% | ||
| Accumulation | 221 | +2.4% | +7.3% | ||
| Neutral (current zone) | 355 | +2.4% | +12.4% | ||
| Distribution | 70 | +6.5% | +25.7% | ||
| Selling | 4 | Too few readings yet | |||
Average IREN share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.1% over 20 days. Past behaviour doesn’t guarantee future results.
Neutral zone: No clear directional signal. About the five zones →
See every daily GekkoIndex reading plotted over the IREN price, zone by zone.Track IREN in Gekko
Is IREN stock overvalued? Gekko Fair Value
IREN trades 24.3% below Gekko Fair Value of $55.11, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what IREN shares are worth, recalculated every trading day.
$55.11
Gekko Fair Value, Sep 29, 2026
24.3% Undervalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open IREN in Gekko
IREN insider and Congress trading
No open-market insider purchases were filed for IREN, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in IREN were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for IREN, plotted on the chart in Gekko.Open IREN in Gekko
Buybacks
IREN has been buying back its own shares.
- Bought back, year ended Jun 30, 2020
- $302K
- As a share of market cap
- 0.00%
From company filings.
Unusual options activity last 30 days
3signals, 23% of the flagged premium in calls.
Latest: Bearish flow on Sep 29, $2.79M in unusual premium.
Hedge funds and billionaires quarter ended Jun 30
5of the funds Gekko tracks hold IREN.
0added4opened1trimmed0sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko
IREN earnings: next date and track record
IREN reports on Nov 5, 2026, after the close (37 days away), and beat the EPS estimate in 4 of its last 8 reports.
Next earnings report
Nov 5, 2026
Expected after the close, 37 days away
- EPS estimate
- −$0.66
- Revenue estimate
- $230.4M
4 of 8reports beat the EPS estimate
±10.4%average move across the report
4 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Aug 27, 2026 AI summary
- What they said
- IREN reported $1B ARR currently operating with $4B ARR contracted for 2026 capacity. Key customers include Cohere, Perplexity, Figure AI, and a undisclosed frontier AI lab. Microsoft's Horizon 1 (50MW) was delivered with Horizon 2-4 targeted for Q4. IREN secured $6.5B in GPU financing over 3 months, covering 100%+ of associated CapEx. Mirantis was named inaugural NVIDIA-Certified Hypervisor.
- Guidance
- 2026 capacity is largely sold out; 2027 capacity discussions are in late stages with multiple customers. A $700M ARR NVIDIA cloud contract is expected to ramp in 2027. Management is actively contracting 2028 capacity for both customers and financing.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Aug 27, 2026 | −$0.41 est −$0.50 | $137.2M est $132.3M | −10.4% |
| May 7, 2026 | −$0.74 est −$0.22 | $144.8M est $219.7M | +0.4% |
| Feb 5, 2026 | −$0.52 est −$0.24 | $184.7M est $227.3M | −6.9% |
| Nov 6, 2025 | $1.06 est $0.15 | $240.3M est $241.4M | −18.4% |
| Aug 28, 2025 | $0.65 est $0.18 | $187.3M est $188.9M | +18.4% |
| May 14, 2025 | $0.11 est $0.17 | $148.1M est $152.0M | −4.6% |
| Feb 12, 2025 | $0.09 est −$0.04 | $113.5M est $111.3M | +5.3% |
| Nov 26, 2024 | −$0.22 est −$0.07 | $54.39M est $55.63M | +19.1% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
IREN stock forecast and analyst price targets
Analysts’ average 12-month price target for IREN is $77.97, +86.9% from the last close, from 11 firms rating the stock in the last 90 days.
$77.97consensus 12-month target, +86.9% from the last close
Now $41.72Avg $77.97
Low $40High $100
Each firm’s latest rating in the last 90 days: 11 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 21 | Rothschild & Co Redburn | $40 | −4.1% |
| Sep 18 | Northland Securities | $99 | +137.3% |
| Sep 14 | J.P. Morgan | $65 | +55.8% |
| Sep 14 | BTIG | $80 | +91.8% |
| Sep 3 | Bernstein | $100 | +139.7% |
+12.4%average 20-day move after past Neutral readings
+5.4%average move over the next 20 trading days in the last 4 years
±6.1%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
IREN seasonality: the next 20 trading days
Over the next 20 trading days from Sep 29, IREN averaged +5.4% across the last 4 years, rising in 2 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +8.4% | 2 of 4 |
| Next 10 trading days | +1.4% | 1 of 4 |
| Next 15 trading days | +0.6% | 2 of 4 |
| Next 20 trading days | +5.4% | 2 of 4 |
| Next 30 trading days | −0.4% | 2 of 4 |
For scale, IREN’s typical 20-trading-day move in either direction is about 22.4%.
IREN market cap and key statistics
IREN’s market cap is $14.89B and revenue of $707.0M over the last twelve months.
Valuation
- Market cap
- $14.89B
- Forward P/E
- 137
- EPS, TTM
- −$2.22
- Gekko Fair Value
- $55.11
Trading
- Volume
- 26.12M
- Avg volume, 20 days
- 36.16M
- 52-week high
- $76.87
- 52-week low
- $28.93
- Shares outstanding
- 394.1M
Financials
- Revenue, TTM
- $707.0M
- Profit margin
- -99.4%
- Return on equity
- -23.4%
- Quarterly earnings growth, YoY
- +42.9%
Risk and income
- Beta
- 4.29
- Typical daily move
- ±6.1%
- Typical 20-day move
- ±22.4%
IREN stock news this week
Coverage of IREN this week reads positive: 2 positive, 1 neutral and 0 negative headlines.
- IREN vs. Riot Platforms: Which Bitcoin-to-AI Stock Looks Stronger Now?Zacks Investment Research, Sep 28
- IREN's Yearlong Downward Trend Continues: A Prominent Wall Street Firm Says It Will Double and Then Some24/7 Wall Street, Sep 28
- JPMorgan Predicts IREN Will Generate $24 Billion in Annual Revenue by 203024/7 Wall Street, Sep 26
- Is It Too Late to Buy IREN Stock After Its Monster Run?The Motley Fool, Sep 25
- The IREN Story Is Changing Fast. We See 82% Upside Potential24/7 Wall Street, Sep 25
- Neocloud Stocks Fall as Selling Extends After a Week of Research Notes: IREN Drops 4%, CoreWeave Slides 3%, Nebius Eases24/7 Wall Street, Sep 25
IREN peers
IREN’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| PAYXPaychex | Buying | 24.5% below |
| VRSKVerisk Analytics | Accumulation | 27.1% below |
| JJacobs Solutions | Accumulation | 6.2% above |
| AKAMAkamai Technologies | Neutral | 15.4% below |
| TYLTyler Technologies | Accumulation | 15.0% below |
| GDDYGoDaddy | Accumulation | 20.9% below |
A peer links to its own page where one exists.
IREN stock FAQ
What is IREN’s market cap?
IREN’s market cap is $14.89B at the Sep 28, 2026 close of $41.72, with 394.1M shares outstanding.
What is the IREN stock forecast?
The consensus analyst 12-month price target for IREN is $77.97, +86.9% from the last close. Of the 11 firms that rated the stock in the last 90 days, 8 rate it a buy, 3 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is IREN stock overvalued or undervalued?
On Gekko’s estimate IREN is undervalued: the Sep 28, 2026 close of $41.72 is 24.3% below Gekko Fair Value of $55.11. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does IREN report earnings next?
IREN is expected to report on Nov 5, 2026, after the market closes (37 days away). Analysts expect earnings of −$0.66 per share on revenue of $230.4M. IREN beat the earnings estimate in 4 of its last 8 reports, moving 10.4% on average across the report.
What is IREN’s 52-week high and low?
IREN’s 52-week high is $76.87 and its 52-week low is $28.93; it closed at $41.72 on Sep 28, 2026, −9.9% over the past year.
Is IREN stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 6 items with data read as supportive (fair value and earnings risk), 3 as mixed (trend, gekkoindex and seasonality) and 1 as a headwind (smart money). The checklist is a description of current data, not a recommendation.
Is there unusual options activity in IREN?
Gekko flagged 3 unusual options signals in IREN over the last 30 days, with $3.89M of flagged premium in calls and $12.74M in puts. The latest, bearish flow, was on Sep 29, 2026 with $2.79M in unusual premium. The signal-by-signal table is in Gekko.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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