The stock price of Iron Mountain Inc (NYSE: IRM) has dropped by -1.33 compared to previous close of 110.09. Despite this, the company has seen a fall of -3.94% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-11 that Iron Mountain Incorporated generates strong revenue, earnings, and AFFO growth with a robust business model that offers non-cyclical continuity. IRM’s high P/E ratio and low forward dividend yield of 2.55% indicate overvaluation. Management is adept at generating a high ROE and finding new ways to monetize services.
Is It Worth Investing in Iron Mountain Inc (NYSE: IRM) Right Now?
Iron Mountain Inc (NYSE: IRM) has a price-to-earnings ratio that is above its average at 307.04x. The stock has a 36-month beta value of 1.02. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 5 as “overweight,” 0 as “hold,” and 1 as “sell.”
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The public float for IRM is 291.29M, and at present, short sellers hold a 2.87% of that float. On December 18, 2024, the average trading volume of IRM was 1.46M shares.
IRM’s Market Performance
IRM stock saw a decrease of -3.94% in the past week, with a monthly decline of -5.95% and a quarterly a decrease of -4.82%. The volatility ratio for the week is 1.89%, and the volatility levels for the last 30 days are 2.09% for Iron Mountain Inc (IRM). The simple moving average for the last 20 days is -7.15% for IRM’s stock, with a simple moving average of 8.68% 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 -9.15% 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 -16.59% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares sank -6.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.33% lower at present.
During the last 5 trading sessions, IRM fell by -3.67%, which changed the moving average for the period of 200-days by +38.66% in comparison to the 20-day moving average, which settled at $117.01. In addition, Iron Mountain Inc saw 55.23% 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 Meaney William L, who sale 15,875 shares at the price of $114.11 back on Dec 10 ’24. After this action, Meaney William L now owns 0 shares of Iron Mountain Inc, valued at $1,811,496 using the latest closing price.
Meaney William L, the President and CEO of Iron Mountain Inc, sale 15,872 shares at $112.99 during a trade that took place back on Dec 11 ’24, which means that Meaney William L is holding 0 shares at $1,793,377 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 0.02. The total capital return value is set at 0.07. Equity return is now at value 5995.19, with 0.59 for asset returns.
Based on Iron Mountain Inc (IRM), the company’s capital structure generated 1.02 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 -51.67. The interest coverage ratio of the stock is 1.51.
Currently, EBITDA for the company is 1.62 billion with net debt to EBITDA at 6.64. When we switch over and look at the enterprise to sales, we see a ratio of 7.92. The receivables turnover for the company is 4.82for trailing twelve months and the total asset turnover is 0.32.
Conclusion
To sum up, Iron Mountain Inc (IRM) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
