The price-to-earnings ratio for Iron Mountain Inc. (NYSE: IRM) is above average at 152.04x, Company’s 36-month beta value is 1.03.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 291.18M, and currently, short sellers hold a 3.90% ratio of that floaft. The average trading volume of IRM on October 02, 2024 was 1.73M shares.
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IRM) stock’s latest price update
Iron Mountain Inc. (NYSE: IRM)’s stock price has decreased by -0.50 compared to its previous closing price of 118.83. However, the company has seen a -0.78% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-09-30 that Strong cash flows in the storage and records management business and a focus on the data center business are upsides for IRM.
IRM’s Market Performance
Iron Mountain Inc. (IRM) has experienced a -0.78% fall in stock performance for the past week, with a 4.40% rise in the past month, and a 30.15% rise in the past quarter. The volatility ratio for the week is 1.81%, and the volatility levels for the past 30 days are at 2.33% for IRM. The simple moving average for the last 20 days is 2.53% for IRM stock, with a simple moving average of 37.59% 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 7.16% 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 -1.91% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares surge +4.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.09% upper at present.
During the last 5 trading sessions, IRM fell by -0.78%, which changed the moving average for the period of 200-days by +74.29% in comparison to the 20-day moving average, which settled at $115.59. In addition, Iron Mountain Inc. saw 68.96% 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 MARSON DEBORAH, who proposed sale 3,600 shares at the price of $119.00 back on Oct 01 ’24. After this action, MARSON DEBORAH now owns shares of Iron Mountain Inc., valued at $428,400 using the latest closing price.
Meaney William L, the President and CEO of Iron Mountain Inc., sale 15,875 shares at $117.00 during a trade that took place back on Sep 17 ’24, which means that Meaney William L is holding 295,650 shares at $1,857,375 based on the most recent closing price.
Stock Fundamentals for IRM
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.49 for the gross margin
The net margin for Iron Mountain Inc. stands at 0.04. The total capital return value is set at 0.07. Equity return is now at value 161.90, with 1.32 for asset returns.
Based on Iron Mountain Inc. (IRM), the company’s capital structure generated 1.01 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 -99.87. The interest coverage ratio of the stock is 1.57.
Currently, EBITDA for the company is 1.84 billion with net debt to EBITDA at 7.75. When we switch over and look at the enterprise to sales, we see a ratio of 8.63. The receivables turnover for the company is 4.57for 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.
