Compare Iris Energy Limited (IREN) vs ON Holding AG (ONON) Price & Performance
Price performance (Past 24H)
Key statistics
Key statistics
Iris Energy Limited vs ON Holding AG — how do they compare? Iris Energy Limited trades at $35.19 (market cap $14.07B), while ON Holding AG trades at $35.09 (market cap $11.38B). The key difference: Iris Energy Limited is the larger of the two by market cap, and ON Holding AG is trading nearer its 52-week high, Iris Energy Limited nearer its low. Which is the better fit depends on your goals — on Pluang, investors hold Iris Energy Limited for 28 Days and ON Holding AG for 22 Days on average.
| IREN | ONON | |
|---|---|---|
Market Cap | $14.07B | $11.38B |
Volume | 54,492,460 | 13,732,872 |
Sector | Technology | Consumer Cyclical |
52-Week High | $76.41 | $50.63 |
52-Week Low | $29.31 | $26.76 |
Typical Hold Time | 28 Days | 22 Days |
Enterprise Value | $16.02B | $10.54B |
Aura AI Summary
Signals from Pluang's Aura AI — not financial advice
Aura AI Summary
Signals from Pluang's Aura AI — not financial advice
IREN is trading at $35.71, down 7.7% over 24 hours, reflecting ongoing investor concerns despite strong analyst support. The stock shows bearish technical signals with negative earnings trends, having missed EPS expectations for three consecutive quarters. However, the company maintains robust revenue growth projections and secured significant contracts including a $9.7 billion Microsoft deal, positioning it for potential long-term AI infrastructure growth.
While IREN faces execution risks with negative profit margins and high valuation multiples, Wall Street remains overwhelmingly bullish with an $81 consensus price target representing 127% upside. The key investment thesis hinges on successful execution of AI infrastructure expansion, but investors must weigh substantial capital expenditure requirements against the company's ambitious revenue growth projections through 2030.
ONON trades at $34.04, up 2.47% today, with strong bullish technical signals from moving averages and recent positive earnings momentum. The company reported Q2 2026 EPS of $0.44, beating expectations of $0.42, continuing a pattern of quarterly beats. Fundamental strength is evident with 64.82% gross margins and 23.95% ROE, while analyst consensus remains strongly bullish with a $42.26 price target representing 24% upside potential.
The outlook remains positive given strong DTC growth, premium store expansion, and a newly announced $1 billion buyback program through 2029. Key risks include competitive pressures in footwear and potential margin compression from expansion costs. The stock appears reasonably valued at 24x P/E given its growth trajectory and profitability metrics.
Returns comparison
Trailing returns across standard periods
Returns comparison
Trailing returns across standard periods
Investor sentiment on Pluang
What Pluang investors did over the last 30 days
Investor sentiment on Pluang
What Pluang investors did over the last 30 days
About Iris Energy Limited
Iris Energy is a next-generation data center company that powers Bitcoin mining and AI workloads using 100% renewable energy. It focuses on building sustainable infrastructure for the global digital economy.
Read more on IREN →About ON Holding AG
ON Holding AG is a Swiss sports company primarily known for its high-performance running shoes, apparel, and accessories under the 'On' brand. The company emphasizes a blend of high-end design, proprietary cloud technology (like CloudTec cushioning), and sustainability in its products. On has rapidly gained market share globally, appealing to both competitive athletes and general consumers in the performance and lifestyle footwear segments.
Read more on ONON →
