The stock of Mirion Technologies Inc. (MIR) has seen a 12.34% increase in the past week, with a 27.36% gain in the past month, and a 12.24% flourish in the past quarter. The volatility ratio for the week is 3.30%, and the volatility levels for the past 30 days are at 3.59% for MIR. The simple moving average for the past 20 days is 15.82% for MIR’s stock, with a 17.94% simple moving average for the past 200 days.
Is It Worth Investing in Mirion Technologies Inc. (NYSE: MIR) Right Now?
Moreover, the 36-month beta value for MIR is 0.78. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MIR is 215.13M and currently, short sellers hold a 1.83% of that float. On October 08, 2024, MIR’s average trading volume was 1.13M shares.
MIR) stock’s latest price update
Mirion Technologies Inc. (NYSE: MIR)’s stock price has surge by 6.22relation to previous closing price of 11.57. Nevertheless, the company has seen a 12.34% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-09-30 that PALO ALTO, Calif. & MELBOURNE, Fla.–(BUSINESS WIRE)– #SunNuclear–Varian Announces Alliance with Sun Nuclear to Elevate and Expand Quality Assurance Offerings.
Analysts’ Opinion of MIR
Many brokerage firms have already submitted their reports for MIR stocks, with B. Riley Securities repeating the rating for MIR by listing it as a “Buy.” The predicted price for MIR in the upcoming period, according to B. Riley Securities is $14 based on the research report published on September 26, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see MIR reach a price target of $11. The rating they have provided for MIR stocks is “Buy” according to the report published on May 26th, 2023.
CJS Securities gave a rating of “Market Outperform” to MIR, setting the target price at $13 in the report published on March 24th of the previous year.
MIR Trading at 17.30% 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 able to rebound, for now settling with 4.33% of gains for the given period.
Volatility was left at 3.59%, however, over the last 30 days, the volatility rate increased by 3.30%, as shares surge +27.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.36% upper at present.
During the last 5 trading sessions, MIR rose by +10.88%, which changed the moving average for the period of 200-days by +19.39% in comparison to the 20-day moving average, which settled at $10.60. In addition, Mirion Technologies Inc. saw 19.90% 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 Lee Emmanuelle, who sale 5,000 shares at the price of $10.60 back on Sep 24 ’24. After this action, Lee Emmanuelle now owns 0 shares of Mirion Technologies Inc., valued at $52,984 using the latest closing price.
Logan Thomas D, the Chief Executive Officer of Mirion Technologies Inc., sale 7,500 shares at $10.47 during a trade that took place back on Sep 24 ’24, which means that Logan Thomas D is holding 0 shares at $78,549 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 4.12. 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 bullish 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.
