Dutch Bros, Inc.

Dutch Bros, Inc. (NYSE: BROS) owns and runs drive-thru restaurants. Through company-operated shops and online platforms, the company sells Dutch Bros hot and cold espresso-based beverages, cold brew coffee products, Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages.

Key Highlights:

• The company plans to open at least 30 system stores in the Q4FY21 and 125 by FY22.
• The company reported a growth of 49.79% in revenues to USD 129.80 million in Q3FY21 (ended September 30, 2021) compared to USD 86.66 million in Q3FY20.
• However, the company incurred a net loss of USD 117.14 million in Q3FY21 vs. a net income of USD 6.66 million in Q3FY20.
• On January 4, 2022, BROS announced the appointment of Leigh Gower as the first Chief Technology Officer of Dutch Bros Coffee, a drive-thru beverage firm.
• Stock is currently trading below its crucial short-term (50-day) SMA support levels, a bearish indicator.
• The stock is leaning towards the lower end of its 52-week range of USD 32.42 to USD 81.40.

Technical Price Chart (as of January 12, 2022). Analysis by Kalkine

Conclusion: We propose a "Watch" rating on the stock at the current price of USD 45.99, down 8.40%, as of January 12, 2022, based on the growth in top-line performance, increase in the number of stores, profitability issues, as well as decent technical indicators.

*The reference data in this report has been partly sourced from REFINITIV.

Iris Energy Limited

Iris Energy Limited (NASDAQ: IREN) is a green Bitcoin mining company that promotes local communities, energy market decarbonization, and the global Bitcoin network. Its mining operations make money by earning Bitcoin through block rewards and transaction fees and then exchanging those Bitcoin for currencies like USD or CAD daily.

Key Highlights:

• After completing a USD 232 million Nasdaq IPO in November 2021, IREN has moved quickly to invest its cash, making significant progress in British Columbia, Canada, and several other locations under construction.
• The company is installing the latest generation hardware (1,666 Bitmain S19j Pro) to replace current lower efficiency hardware resulted in a 14% increase in hashrate.
• In December 2021, 124 Bitcoins were mined (up 10%), producing USD 6.2 million in monthly operating revenue.
• Design, planning, and electrical connection studies have made significant progress on potential large-scale project sites in Texas.
• The stock currently operates at an RSI level of 33.37, indicating an oversold zone.
• The stock is leaning towards the lower end of its 52-week range of USD 11.04 to USD 28.25.

Technical Price Chart (as of January 12, 2022). Analysis by Kalkine

Conclusion: As the company is working on low-cost renewables, long-term infrastructure stability, and technical indicators, we recommend that investors keep an eye on the stock currently trading at USD 12.41, up 0.65% as of January 12, 2022.

*The reference data in this report has been partly sourced from REFINITIV.

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