The stock of Mirion Technologies Inc (MIR) has gone down by -2.47% for the week, with a 7.73% rise in the past month and a 40.67% rise in the past quarter. The volatility ratio for the week is 3.50%, and the volatility levels for the past 30 days are 4.10% for MIR. The simple moving average for the past 20 days is -0.15% for MIR’s stock, with a 33.23% simple moving average for the past 200 days.
Is It Worth Investing in Mirion Technologies Inc (NYSE: MIR) Right Now?
Additionally, the 36-month beta value for MIR is 0.72. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for MIR is 223.17M and currently, short sellers hold a 1.64% ratio of that float. The average trading volume of MIR on November 12, 2024 was 1.85M shares.
MIR) stock’s latest price update
Mirion Technologies Inc (NYSE: MIR)’s stock price has dropped by -2.27 in relation to previous closing price of 14.97. Nevertheless, the company has seen a loss of -2.47% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-30 that Mirion Technologies, Inc. (NYSE:MIR ) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Eric Linn – Investor Relations Thomas Logan – Chairman and Chief Executive Officer Brian Schopfer – Chief Financial Officer Conference Call Participants Joe Ritchie – Goldman Sachs Chris Moore – CJS Securities Andrew Kaplowitz – Citigroup Yuan Zhi – B. Riley Securities Operator Ladies and Gentleman, greetings and welcome to the Mirion Technologies Third Quarter 2024 Earnings Conference Call.
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 17.69% 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 -8.45% of loss for the given period.
Volatility was left at 4.10%, however, over the last 30 days, the volatility rate increased by 3.50%, as shares surge +8.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.61% upper at present.
During the last 5 trading sessions, MIR fell by -1.10%, which changed the moving average for the period of 200-days by +52.94% in comparison to the 20-day moving average, which settled at $14.66. In addition, Mirion Technologies Inc saw 42.73% 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 MIR starting from Lee Emmanuelle, who sale 3,405 shares at the price of $14.27 back on Oct 31 ’24. After this action, Lee Emmanuelle now owns 0 shares of Mirion Technologies Inc, valued at $48,603 using the latest closing price.
Logan Thomas D, the Chief Executive Officer of Mirion Technologies Inc, sale 7,500 shares at $14.11 during a trade that took place back on Oct 24 ’24, which means that Logan Thomas D is holding 0 shares at $105,815 based on the most recent closing price.
Stock Fundamentals for MIR
Current profitability levels for the company are sitting at:
- 0.01 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 -4.42, with -2.50 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 0.18. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 0.18.
Currently, EBITDA for the company is 148.7 million with net debt to EBITDA at 4.58. When we switch over and look at the enterprise to sales, we see a ratio of 4.65. The receivables turnover for the company is 5.63for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.16.
Conclusion
In conclusion, Mirion Technologies Inc (MIR) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
