Iron Mountain Inc. (NYSE: IRM) has seen a rise in its stock price by 2.08 in relation to its previous close of 76.60. However, the company has experienced a 4.05% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-23 that Iron Mountain (IRM) reachead $76.60 at the closing of the latest trading day, reflecting a +0.99% change compared to its last close.
Is It Worth Investing in Iron Mountain Inc. (NYSE: IRM) Right Now?
Iron Mountain Inc. (NYSE: IRM) has a price-to-earnings ratio of 124.76x that is above its average ratio. Additionally, the 36-month beta value for IRM is 0.98. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
The public float for IRM is 290.48M and currently, short sellers hold a 3.37% ratio of that float. The average trading volume of IRM on April 25, 2024 was 1.42M shares.
IRM’s Market Performance
IRM stock saw an increase of 4.05% in the past week, with a monthly gain of 0.03% and a quarterly increase of 16.68%. The volatility ratio for the week is 1.78%, and the volatility levels for the last 30 days are 1.79% for Iron Mountain Inc. (IRM). The simple moving average for the past 20 days is 1.15% for IRM’s stock, with a 17.64% simple moving average for the past 200 days.
Analysts’ Opinion of IRM
Many brokerage firms have already submitted their reports for IRM stocks, with UBS repeating the rating for IRM by listing it as a “Sell.” The predicted price for IRM in the upcoming period, according to UBS is $44 based on the research report published on November 07, 2023 of the previous year 2023.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see IRM reach a price target of $68, previously predicting the price at $58. The rating they have provided for IRM stocks is “Outperform” according to the report published on August 22nd, 2023.
RBC Capital Mkts gave a rating of “Sector Perform” to IRM, setting the target price at $58 in the report published on December 16th of the previous year.
IRM Trading at 2.02% from the 50-Day Moving Average
After a stumble in the market that brought IRM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.87% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares surge +0.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.60% upper at present.
During the last 5 trading sessions, IRM rose by +4.05%, which changed the moving average for the period of 200-days by +33.04% in comparison to the 20-day moving average, which settled at $77.32. In addition, Iron Mountain Inc. saw 11.73% 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 IRM starting from Meaney William L, who sale 15,875 shares at the price of $74.69 back on Apr 16 ’24. After this action, Meaney William L now owns 295,650 shares of Iron Mountain Inc., valued at $1,185,704 using the latest closing price.
Meaney William L, the President and CEO of Iron Mountain Inc., sale 15,875 shares at $76.68 during a trade that took place back on Apr 15 ’24, which means that Meaney William L is holding 295,650 shares at $1,217,295 based on the most recent closing price.
Stock Fundamentals for IRM
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.57 for the gross margin
The net margin for Iron Mountain Inc. stands at 0.03. The total capital return value is set at 0.06. Equity return is now at value 43.44, with 1.10 for asset returns.
Based on Iron Mountain Inc. (IRM), the company’s capital structure generated 0.99 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 69.87. The interest coverage ratio of the stock is 1.54.
Currently, EBITDA for the company is 1.84 billion with net debt to EBITDA at 7.87. When we switch over and look at the enterprise to sales, we see a ratio of 6.84. The receivables turnover for the company is 4.35for trailing twelve months and the total asset turnover is 0.31.
Conclusion
In conclusion, Iron Mountain Inc. (IRM) 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.
