The stock of Iron Mountain Inc. (NYSE: IRM) has decreased by -0.58 when compared to last closing price of 77.97. Despite this, the company has experienced a 1.20% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-29 that Strength in core storage and record management businesses and solid data center demand are likely to have aided Iron Mountain’s (IRM) Q1 earnings. However, high interest expenses remain a concern.
Is It Worth Investing in Iron Mountain Inc. (NYSE: IRM) Right Now?
Iron Mountain Inc. (NYSE: IRM) has a price-to-earnings ratio that is above its average at 123.70x. The stock has a 36-month beta value of 0.98. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for IRM is 290.48M, and at present, short sellers hold a 3.39% of that float. On May 01, 2024, the average trading volume of IRM was 1.41M shares.
IRM’s Market Performance
The stock of Iron Mountain Inc. (IRM) has seen a 1.20% increase in the past week, with a -2.54% drop in the past month, and a 13.57% gain in the past quarter. The volatility ratio for the week is 1.72%, and the volatility levels for the past 30 days are at 1.78% for IRM. The simple moving average for the last 20 days is 0.73% for IRM stock, with a simple moving average of 15.98% for the last 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 0.14% 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 -5.68% of loss for the given period.
Volatility was left at 1.78%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares sank -1.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.03% upper at present.
During the last 5 trading sessions, IRM rose by +1.20%, which changed the moving average for the period of 200-days by +30.26% in comparison to the 20-day moving average, which settled at $76.90. In addition, Iron Mountain Inc. saw 10.77% 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 6.8. The receivables turnover for the company is 4.35for trailing twelve months and the total asset turnover is 0.31.
Conclusion
To sum up, Iron Mountain Inc. (IRM) 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.
