The stock of Mirion Technologies Inc (NYSE: MIR) has decreased by -0.72 when compared to last closing price of 16.58. Despite this, the company has experienced a 1.23% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-11-21 that ATLANTA–(BUSINESS WIRE)–Mirion (NYSE: MIR) announced today that Chief Executive Officer, Thomas Logan, and Chief Financial Officer, Brian Schopfer, will present at Goldman Sachs’ Industrials and Materials Conference in New York, NY. The presentation will begin at 10:40 AM ET on Thursday, December 5, 2024. The presentation will be webcast live at Mirion’s Investor Relations Page where a webcast link will be displayed under the “Events and Presentations” section. An archive of the webcast will.
Is It Worth Investing in Mirion Technologies Inc (NYSE: MIR) Right Now?
The stock has a 36-month beta value of 0.75. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for MIR is 222.12M, and at present, short sellers hold a 1.65% of that float. On November 27, 2024, the average trading volume of MIR was 2.13M shares.
MIR’s Market Performance
MIR stock saw an increase of 1.23% in the past week, with a monthly gain of 15.83% and a quarterly increase of 49.64%. The volatility ratio for the week is 3.60%, and the volatility levels for the last 30 days are 4.48% for Mirion Technologies Inc (MIR). The simple moving average for the past 20 days is 6.26% for MIR’s stock, with a 45.79% simple moving average for the past 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 20.51% 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 -3.35% of loss for the given period.
Volatility was left at 4.48%, however, over the last 30 days, the volatility rate increased by 3.60%, as shares surge +16.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +67.96% upper at present.
During the last 5 trading sessions, MIR rose by +1.23%, which changed the moving average for the period of 200-days by +65.26% in comparison to the 20-day moving average, which settled at $15.49. In addition, Mirion Technologies Inc saw 60.59% 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 Logan Thomas D, who proposed sale 7,500 shares at the price of $16.92 back on Nov 25 ’24. After this action, Logan Thomas D now owns shares of Mirion Technologies Inc, valued at $126,900 using the latest closing price.
Lee Emmanuelle, the Chief Legal Officer of Mirion Technologies Inc, sale 3,405 shares at $14.27 during a trade that took place back on Oct 31 ’24, which means that Lee Emmanuelle is holding 0 shares at $48,603 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 5.14. The receivables turnover for the company is 3.8for 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
To sum up, Mirion Technologies Inc (MIR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
