Mirion Technologies Inc. (NYSE: MIR)’s stock price has gone rise by 1.44 in comparison to its previous close of 10.42, however, the company has experienced a -4.00% decrease in its stock price over the last five trading days. Business Wire reported 2024-04-17 that ATLANTA–(BUSINESS WIRE)–Mirion (NYSE: MIR) announced today that it will release financial results for first quarter 2024 after market close on Tuesday, April 30, 2024. Following the news release, the company will host a conference call the next day, Wednesday, May 1, 2024, at 9:00 am ET to discuss the results. Participants may access the call by dialing 1-844-826-3035 or 1-412-317-5195, and requesting to join the Mirion Technologies, Inc. earnings call. A live webcast will also be available a.
Is It Worth Investing in Mirion Technologies Inc. (NYSE: MIR) Right Now?
Additionally, the 36-month beta value for MIR is 0.83. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MIR is 208.42M and currently, short sellers hold a 3.42% ratio of that float. The average trading volume of MIR on April 18, 2024 was 1.21M shares.
MIR’s Market Performance
MIR stock saw a decrease of -4.00% in the past week, with a monthly decline of 0.00% and a quarterly a decrease of 11.73%. The volatility ratio for the week is 2.28%, and the volatility levels for the last 30 days are 2.32% for Mirion Technologies Inc. (MIR).. The simple moving average for the past 20 days is -4.05% for MIR’s stock, with a 18.85% simple moving average for the past 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 2.02% 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 -8.05% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.28%, as shares sank -1.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.52% upper at present.
During the last 5 trading sessions, MIR fell by -4.00%, which changed the moving average for the period of 200-days by +25.09% in comparison to the 20-day moving average, which settled at $11.01. In addition, Mirion Technologies Inc. saw 3.12% 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 3.62. 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
In conclusion, Mirion Technologies Inc. (MIR) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
