Mirion Technologies Inc. (NYSE: MIR) has seen a rise in its stock price by 1.36 in relation to its previous close of 10.79. However, the company has experienced a 3.38% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-02 that Mirion Technologies, Inc. (NYSE:MIR ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Jerry Estes – Manager of Investor Relations Thomas Logan – Chairman and Chief Executive Officer Brian Schopfer – Chief Financial Officer Conference Call Participants Joseph Ritchie – Goldman Sachs Christopher Moore – CJS Securities Andrew Kaplowitz – Citi Yuan Zhi – B. Riley Securities Operator Greetings and welcome to the Mirion Technologies Second Quarter 2024 Earnings Conference Call.
Is It Worth Investing in Mirion Technologies Inc. (NYSE: MIR) Right Now?
Moreover, the 36-month beta value for MIR is 0.79. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MIR is 214.75M and currently, short sellers hold a 1.91% of that float. On August 23, 2024, MIR’s average trading volume was 894.83K shares.
MIR’s Market Performance
MIR stock saw an increase of 3.38% in the past week, with a monthly gain of 2.70% and a quarterly increase of 2.22%. The volatility ratio for the week is 1.85%, and the volatility levels for the last 30 days are 2.84% for Mirion Technologies Inc. (MIR). The simple moving average for the last 20 days is 5.12% for MIR stock, with a simple moving average of 7.42% for the last 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 2.88% 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 -7.15% of loss for the given period.
Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 1.85%, as shares surge +1.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.65% upper at present.
During the last 5 trading sessions, MIR rose by +3.69%, which changed the moving average for the period of 200-days by +32.33% in comparison to the 20-day moving average, which settled at $10.41. In addition, Mirion Technologies Inc. saw 6.70% 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 Eloy Loic, who sale 22,139 shares at the price of $9.91 back on Aug 06 ’24. After this action, Eloy Loic now owns 177,663 shares of Mirion Technologies Inc., valued at $219,311 using the latest closing price.
Eloy Loic, the Officer of Mirion Technologies Inc., proposed sale 22,139 shares at $9.75 during a trade that took place back on Aug 06 ’24, which means that Eloy Loic is holding shares at $215,855 based on the most recent closing price.
Stock Fundamentals for MIR
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.36 for the gross margin
The net margin for Mirion Technologies Inc. stands at -0.08. The total capital return value is set at 0.0. Equity return is now at value -4.31, with -2.43 for asset returns.
Based on Mirion Technologies Inc. (MIR), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 0.02.
Currently, EBITDA for the company is 148.7 million with net debt to EBITDA at 3.7. When we switch over and look at the enterprise to sales, we see a ratio of 3.73. The receivables turnover for the company is 3.94for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.18.
Conclusion
To wrap up, the performance of Mirion Technologies Inc. (MIR) has been better in recent times. The stock has received a mixed of “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.
