The stock of Mirion Technologies Inc (NYSE: MIR) has increased by 1.06 when compared to last closing price of 17.91.Despite this, the company has seen a gain of 3.78% in its stock price over the last five trading days. zacks.com reported 2024-12-26 that Here is how Mirion Technologies, Inc. (MIR) and Grab Holdings Limited (GRAB) have performed compared to their sector so far this year.
Is It Worth Investing in Mirion Technologies Inc (NYSE: MIR) Right Now?
Moreover, the 36-month beta value for MIR is 0.76. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MIR is 215.93M and currently, short sellers hold a 2.07% of that float. On December 27, 2024, MIR’s average trading volume was 2.54M shares.
MIR’s Market Performance
MIR’s stock has seen a 3.78% increase for the week, with a 9.17% rise in the past month and a 64.25% gain in the past quarter. The volatility ratio for the week is 3.31%, and the volatility levels for the past 30 days are at 3.65% for Mirion Technologies Inc. The simple moving average for the past 20 days is 2.64% for MIR’s stock, with a 50.03% simple moving average for the past 200 days.
Analysts’ Opinion of MIR
Many brokerage firms have already submitted their reports for MIR stocks, with Robert W. Baird repeating the rating for MIR by listing it as a “Outperform.” The predicted price for MIR in the upcoming period, according to Robert W. Baird is $22 based on the research report published on December 19, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see MIR reach a price target of $14. The rating they have provided for MIR stocks is “Buy” according to the report published on September 26th, 2024.
Citigroup gave a rating of “Buy” to MIR, setting the target price at $11 in the report published on May 26th of the previous year.
MIR Trading at 12.39% 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 -3.77% of loss for the given period.
Volatility was left at 3.65%, however, over the last 30 days, the volatility rate increased by 3.31%, as shares surge +9.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.12% upper at present.
During the last 5 trading sessions, MIR rose by +3.78%, which changed the moving average for the period of 200-days by +79.03% in comparison to the 20-day moving average, which settled at $17.63. In addition, Mirion Technologies Inc saw 76.59% 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 $17.71 back on Dec 23 ’24. After this action, Logan Thomas D now owns shares of Mirion Technologies Inc, valued at $132,825 using the latest closing price.
Eloy Loic, the Technologies Group President of Mirion Technologies Inc, sale 44,000 shares at $17.89 during a trade that took place back on Dec 13 ’24, which means that Eloy Loic is holding 133,663 shares at $787,160 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 5.58. 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 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.
