Company’s 36-month beta value is 0.73.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MIR is 222.12M, and currently, short sellers hold a 1.65% ratio of that floaft. The average trading volume of MIR on November 19, 2024 was 2.01M shares.
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MIR) stock’s latest price update
Mirion Technologies Inc (NYSE: MIR) has seen a rise in its stock price by 1.87 in relation to its previous close of 15.68. However, the company has experienced a 10.70% gain in its stock price over the last five trading sessions. 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.
MIR’s Market Performance
MIR’s stock has risen by 10.70% in the past week, with a monthly rise of 10.62% and a quarterly rise of 46.82%. The volatility ratio for the week is 4.26% while the volatility levels for the last 30 days are 4.15% for Mirion Technologies Inc The simple moving average for the last 20 days is 7.11% for MIR stock, with a simple moving average of 43.59% for the last 200 days.
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 23.03% 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 -0.04% of loss for the given period.
Volatility was left at 4.15%, however, over the last 30 days, the volatility rate increased by 4.26%, as shares surge +13.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +67.17% upper at present.
During the last 5 trading sessions, MIR rose by +10.64%, which changed the moving average for the period of 200-days by +63.91% in comparison to the 20-day moving average, which settled at $14.91. In addition, Mirion Technologies Inc saw 55.84% 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 0.15. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is 0.18.
Currently, EBITDA for the company is 114.3 million with net debt to EBITDA at 3.57. When we switch over and look at the enterprise to sales, we see a ratio of 5.06. 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 a nutshell, Mirion Technologies Inc (MIR) 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.
