Mirion Technologies Inc. (MIR) Stock Price and Analyst Predictions

The stock has a 36-month beta value of 0.81. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for MIR is 208.32M, and at present, short sellers hold a 2.82% of that float. On April 03, 2024, the average trading volume of MIR was 1.21M shares.

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MIR) stock’s latest price update

The stock price of Mirion Technologies Inc. (NYSE: MIR) has surged by 0.27 when compared to previous closing price of 11.02, but the company has seen a -0.36% decline in its stock price over the last five trading sessions. Business Wire reported 2024-02-12 that ATLANTA–(BUSINESS WIRE)–Mirion (NYSE: MIR) announced today that Chief Executive Officer, Thomas Logan, and Chief Financial Officer, Brian Schopfer, will present at Citi’s 2024 Global Industrial Tech and Mobility Conference in Miami, FL. The presentation will begin at 1:50 PM ET on Wednesday, February 21, 2024. The presentation will be webcast live at https://ir.mirion.com/news-events where a link will be displayed under the “Events and Presentations” section. An archive of the webcast will be.

MIR’s Market Performance

Mirion Technologies Inc. (MIR) has experienced a -0.36% fall in stock performance for the past week, with a 10.50% rise in the past month, and a 8.44% rise in the past quarter. The volatility ratio for the week is 2.34%, and the volatility levels for the past 30 days are at 2.45% for MIR. The simple moving average for the last 20 days is 4.20% for MIR stock, with a simple moving average of 26.20% for the last 200 days.

Analysts’ Opinion of MIR

Many brokerage firms have already submitted their reports for MIR stocks, with Citigroup repeating the rating for MIR by listing it as a “Buy.” The predicted price for MIR in the upcoming period, according to Citigroup is $11 based on the research report published on May 26, 2023 of the previous year 2023.

CJS Securities, on the other hand, stated in their research note that they expect to see MIR reach a price target of $13. The rating they have provided for MIR stocks is “Market Outperform” according to the report published on March 24th, 2022.

Goldman gave a rating of “Buy” to MIR, setting the target price at $14 in the report published on November 29th of the previous year.

MIR Trading at 9.37% from the 50-Day Moving Average

After a stumble in the market that brought MIR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.87% of loss for the given period.

Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares surge +11.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.10% upper at present.

During the last 5 trading sessions, MIR fell by -0.82%, which changed the moving average for the period of 200-days by +33.97% in comparison to the 20-day moving average, which settled at $10.66. In addition, Mirion Technologies Inc. saw 7.80% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MIR starting from Schopfer Brian, who sale 90,910 shares at the price of $11.00 back on Mar 20 ’24. After this action, Schopfer Brian now owns 211,167 shares of Mirion Technologies Inc., valued at $1,000,010 using the latest closing price.

Moore Christopher A., the Chief Accounting Officer (PAO) of Mirion Technologies Inc., sale 3,430 shares at $7.92 during a trade that took place back on May 30 ’23, which means that Moore Christopher A. is holding 32,206 shares at $27,166 based on the most recent closing price.

Stock Fundamentals for MIR

Current profitability levels for the company are sitting at:

  • 0.08 for the present operating margin
  • 0.41 for the gross margin

The net margin for Mirion Technologies Inc. stands at -0.12. The total capital return value is set at 0.02. Equity return is now at value -6.72, with -3.46 for asset returns.

Based on Mirion Technologies Inc. (MIR), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 2.46.

Currently, EBITDA for the company is 148.7 million with net debt to EBITDA at 3.93. When we switch over and look at the enterprise to sales, we see a ratio of 3.74. The receivables turnover for the company is 3.48for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.03.

Conclusion

To sum up, Mirion Technologies Inc. (MIR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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