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1 time New Highs Were Reached By Iron Mountain Incorporated (IRM) In The Last Five Days

The stock of Iron Mountain Incorporated (NYSE:IRM) increased by $1.06 on Tuesday to finish at $46.42, up 2.34 percent. The last five days have seen an…

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This article was originally published by Fosters Leader

The stock of Iron Mountain Incorporated (NYSE:IRM) increased by $1.06 on Tuesday to finish at $46.42, up 2.34 percent. The last five days have seen an average of 2,279,680 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$5.91. The average number of shares traded over the last 20 days was 1,584,990, while the average volume over the last 50 days totaled 1,629,816.

IRM stock appreciated 0.67% since last month. On 07/15/22, the company’s shares reached a one-month low of $44.53. The stock touched a high of $58.61 on 04/21/22, after rallying from a low of $41.67 in 52 weeks. The price of IRM stock has declined by -11.29% or -$5.91 this year, reaching a new high 11 times. Still, the stock price is down -20.80% from the 52-week high.

Insider Transactions

There have been 7 days since Iron Mountain Incorporated (IRM) last reported insider trading activity on Jul 13. On Jul 13, EVP, General Counsel, Sec. MARSON DEBORAH sold 1,125 shares at $47.50 each. This transaction resulted in the insider making $53,438. On Jun 13, MARSON DEBORAH sold 1,125 shares at a price of US$50.00. After the transaction, the insider now owns 53,657 shares. Director RAKOWICH WALTER C had earlier sold 1,320 shares on May 17 for $53.60 a share. The transaction was completed for $70,752.

Valuation Metrics

Iron Mountain Incorporated (IRM) has a trailing price-to-earnings (P/E) ratio of 30.26. Beta for the stock is 0.87. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.89, the price-to-book (PB) ratio of 17.79.

Company paid $0.6180 per share in dividends, a decrease of -0.08% from $0.6185 last year. A $0.0005 dividend decrease was reported on Thursday April 28 2022.

Financial Health

For the three months ended March 30, Iron Mountain Incorporated’s quick ratio was 0.90, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 13.48, and the total debt to equity ratio is 13.60. As far as profitability goes, gross margin for the trailing twelve months is 69.40% percent. Iron Mountain Incorporated’s operating margin stood at 19.40% for the same period. Based on annual data, it had gross profit of $2.6 billion and revenue of $4.49 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. IRM’s return on assets (ROA) during the last 12 months has been 3.00%. There was a 6.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 47.90%.

Earnings Surprise

According to Iron Mountain Incorporated’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.25 billion, while revenues rose by 13.3% to $1.16 billion. It was predicted that Iron Mountain Incorporated’s quarterly earnings would be $0.38, but it ended up being $0.37, beating the consensus by 2.70%. EBITDA was $410.13 million for the quarter. At the end of Iron Mountain Incorporated’s most recent quarter ended March 30, its liabilities totaled 14.87 billion, while its total debt was $12.7 billion. Equity owned by shareholders amounts to $290.56 million.

Technical Picture

Here’s a quick look at Iron Mountain Incorporated’s (IRM) price momentum from a technical perspective. As of 19 July, the RSI 9-day stood at 41.60%, suggesting the stock is Neutral, with a 31.79% historical volatility rate.

The stochastic %K and %D were 18.11% and 9.71% respectively, while the average true range (ATR) was 1.32. Based on the 14-day stochastic reading of 35.86%, the RSI (14) reading is 41.18%. On the 9-day MACD Oscillator, the stock is at -1.34, and the 14-day reading is at -2.01.

Analyst Ratings

In its analyst report released on June 24, 2022, Barclays began covering Iron Mountain Incorporated (NYSE: IRM). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Iron Mountain Incorporated (IRM) an Overweight rating. IRM is a stock that is recommended for selling by 1 brokerage firm, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 5 others recommend it as a buy.

What is IRM’s price target for the next 12 months?

The current consensus forecast for the stock is between $20.00 and $64.00, with a median target price of $60.00. In analyzing these forecasts, the average price target given by analysts for Iron Mountain Incorporated (IRM) is $54.43.


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