The stock of Iron Mountain Inc. (IRM) has seen a 3.36% increase in the past week, with a 5.15% gain in the past month, and a 16.09% flourish in the past quarter. The volatility ratio for the week is 2.46%, and the volatility levels for the past 30 days are at 2.12% for IRM. The simple moving average for the last 20 days is 4.00% for IRM stock, with a simple moving average of 18.11% for the last 200 days.
Is It Worth Investing in Iron Mountain Inc. (NYSE: IRM) Right Now?
The price-to-earnings ratio for Iron Mountain Inc. (NYSE: IRM) is above average at 121.10x, Company’s 36-month beta value is 0.97.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for IRM is 290.51M, and currently, short sellers hold a 3.39% ratio of that floaft. The average trading volume of IRM on May 10, 2024 was 1.44M shares.
IRM) stock’s latest price update
Iron Mountain Inc. (NYSE: IRM) has seen a rise in its stock price by 1.99 in relation to its previous close of 78.04. However, the company has experienced a 3.36% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-05-08 that One of the best ways to generate passive income is with some of the most undervalued real estate investment trusts (REITs). Not only do these undervalued REIT stocks offer attractive growth, and diversification relative to other assets, but they also have attractive yields.
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 1.79% 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 -3.16% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares surge +3.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.61% upper at present.
During the last 5 trading sessions, IRM rose by +3.36%, which changed the moving average for the period of 200-days by +28.23% in comparison to the 20-day moving average, which settled at $76.68. In addition, Iron Mountain Inc. saw 13.73% 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 Murdock Wendy J., who sale 3,547 shares at the price of $77.60 back on May 07 ’24. After this action, Murdock Wendy J. now owns 20,944 shares of Iron Mountain Inc., valued at $275,247 using the latest closing price.
MARSON DEBORAH, the EVP, General Counsel, Sec. of Iron Mountain Inc., sale 2,000 shares at $77.80 during a trade that took place back on May 03 ’24, which means that MARSON DEBORAH is holding 63,286 shares at $155,600 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
- 0.53 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 68.69, with 1.13 for asset returns.
Based on Iron Mountain Inc. (IRM), the company’s capital structure generated 1.0 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 703.06. The interest coverage ratio of the stock is 1.53.
Currently, EBITDA for the company is 1.84 billion with net debt to EBITDA at 8.03. When we switch over and look at the enterprise to sales, we see a ratio of 6.85. The receivables turnover for the company is 4.45for trailing twelve months and the total asset turnover is 0.32.
Conclusion
In a nutshell, Iron Mountain Inc. (IRM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
