Mirion Technologies Inc. (NYSE: MIR)’s stock price has soared by 3.07 in relation to previous closing price of 10.10. Nevertheless, the company has seen a gain of 4.73% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-01 that Mirion Technologies, Inc. (NYSE:MIR ) Q1 2024 Earnings Conference Call May 1, 2024 9:00 AM ET Company Participants Alex Gaddy – Senior Vice President, Strategy and Investor Relations Tom Logan – Chief Executive Officer Brian Schopfer – Chief Financial Officer Conference Call Participants Chris Moore – CJS Securities Vlad Bystricky – Citigroup Andy Kaplowitz – Citigroup Yuan Zhi – B. Riley Securities Operator Hello and welcome to the Mirion Technologies First Quarter 2024 Earnings Conference Call.
Is It Worth Investing in Mirion Technologies Inc. (NYSE: MIR) Right Now?
The 36-month beta value for MIR is at 0.79. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MIR is 209.87M, and currently, shorts hold a 3.34% of that float. The average trading volume for MIR on May 10, 2024 was 1.40M shares.
MIR’s Market Performance
The stock of Mirion Technologies Inc. (MIR) has seen a 4.73% increase in the past week, with a -5.45% drop in the past month, and a 6.33% gain in the past quarter. The volatility ratio for the week is 2.55%, and the volatility levels for the past 30 days are at 2.61% for MIR. The simple moving average for the past 20 days is -2.07% for MIR’s stock, with a 14.48% 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 -1.90% 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 -9.44% of loss for the given period.
Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 2.55%, as shares sank -5.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.88% upper at present.
During the last 5 trading sessions, MIR rose by +4.73%, which changed the moving average for the period of 200-days by +34.15% in comparison to the 20-day moving average, which settled at $10.60. In addition, Mirion Technologies Inc. saw 1.56% 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 -5.43, with -3.00 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 3.57. 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 2.19.
Conclusion
In conclusion, Mirion Technologies Inc. (MIR) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
