Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate IREN Limited before investing.

In this article, we go over a few key elements for understanding IREN Limited’s stock price such as:

• IREN Limited’s current stock price and volume
• Why IREN Limited’s stock price changed recently
• Upgrades and downgrades for IREN from analysts
• IREN’s stock price momentum as measured by its relative strength

About IREN Limited (IREN)

Before we jump into IREN Limited’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers. It also mines Bitcoin, a scarce digital asset that is created and transmitted through the operation of a peer-to-peer network of computers running the Bitcoin software. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. The company was incorporated in 2018 and is based in Sydney, Australia.

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IREN Limited’s Stock Price as of Market Close

As of December 12, 2025, 4:00 PM, CST, IREN Limited’s stock price was $40.130.

IREN Limited is down 8.67% from its previous closing price of $43.940.

During the last market session, IREN Limited’s stock traded between $39.320 and $44.170. Currently, there are approximately 270.70 million shares outstanding for IREN Limited.

IREN Limited’s price-earnings (P/E) ratio is currently at 20.2, which is low compared to the Software industry median of 33.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

IREN Limited Stock Price History

IREN Limited’s (IREN) price is currently down 16.06% so far this month.

During the month of December, IREN Limited’s stock price has reached a high of $48.910 and a low of $39.320.

Over the last year, IREN Limited has hit prices as high as $76.870 and as low as $5.125. Year to date, IREN Limited’s stock is up 308.66%.

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What Caused IREN Limited Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of December 12, 2025, there were analysts who downgraded IREN Limited’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate IREN Limited’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on IREN Limited’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

IREN Limited’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about IREN Limited (IREN) by visiting AAII Stock Evaluator.

Relative Price Strength of IREN Limited

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of December 12, 2025, IREN Limited has a weighted four-quarter relative price strength of 44.82%, which translates to a Momentum Score of 97 and is considered to be Very Strong.

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IREN Limited Stock Price: Bottom Line

As of December 12, 2025, IREN Limited’s stock price is $40.130, which is down 8.67% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like IREN Limited stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.