Market Slump Drags Down Share Prices of These 15 Companies

12. IREN Ltd. (IREN)

Shares of Iren Ltd. suffered a selloff on Friday, ending the week down by 5.56 percent to $10.71 apiece amid the lack of catalysts to spark buying appetite.

According to analysts, investors remained on the sidelines keeping an eye on its expanding operations in Bitcoin mining, high-performance computing, and the booming AI sector.

Friday’s share prices also marked a 13.6-percent decline in the past 30 trading days, but a jump of 57.5 percent year-to-date.

An analysis by InvestingPro recently said that IREN’s current valuation appears to be “slightly undervalued,” especially as the company continues to make strides in expanding its operations and diversifying into the artificial intelligence (AI) and high-performance computing sectors (HPC).

The company also demonstrated impressive growth, with revenue surging 119.92 percent in the last twelve months and maintaining a robust gross profit margin of 87.67 percent.