Iron Mountain Incorporated (NYSE:IRM) saw an upside of 4.49% to $47.69 after adding $2.05 on Tuesday. The 5-day average trading volume is 1,438,898 shares of the company’s common stock. It has gained $48.02 in the past week and touched a new high 3 times within the past 5 days. An average of 2,183,270 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,844,744.
IRM’s 1-month performance is -14.32% or -$4.42 on its low of $43.33 reached on 09/29/22. The company’s shares have touched a 52-week low of $41.67 and high of $58.61, with the stock’s rally to the 52-week high happening on 04/21/22. YTD, IRM has lost -12.78% or -$4.62 and has reached a new high 11 times. However, the current price is down -18.63% from the 52-week high price.
On Sep 14, 20 days have gone by since the last insider trading activity for Iron Mountain Incorporated (IRM). MARSON DEBORAH (EVP, General Counsel, Sec.) most recently sold 1,125 shares at $53.82 per share on Sep 14. This transaction cost the insider $60,548. EVP, General Counsel, Sec., MARSON DEBORAH, sold 1,125 shares at a price of $54.00 on Aug 10. Then, on Aug 08, EVP, GM, Global RM McIntosh Greg W sold 5,800 shares at a price of $52.95 per share. This transaction amounted to $307,110.
IRM stock has a beta of 0.84. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.74 while the price-to-book (PB) in the most recent quarter is 20.47.
Iron Mountain Incorporated’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 0.90. As well, the company’s long term debt to equity for the quarter ending June 29 was 15.45, while the total debt to equity was 15.58. In terms of profitability, the gross margin trailing 12 months is 68.90%. The firm’s gross profit as reported stood at $2.6 billion against revenue of $4.49 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -37.59% to $200.08 million, while revenue of $42.3 million was 78.86% off the previous quarter. Analysts expected IRM to announce $0.4 per share in earnings in its latest quarter, but it posted $0.46, representing a 15.00% surprise. EBITDA for the quarter stood at more than $476.71 million. IRM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 14.97 billion, with total debt at $12.71 billion. Shareholders hold equity totaling $290.69 million.
Let’s look briefly at Iron Mountain Incorporated (IRM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 03 October was 47.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 52.13%.
The stock’s 5-day moving average is $45.21, reflecting a +9.45% or $4.12 change from its current price. IRM is currently trading -7.77% above its 20-day SMA, -5.62% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.47% and SMA200 by-5.90%.
Stochastic %K and %D was 19.00% and 11.47% and the average true range (ATR) pointed at 1.95. The RSI (14) points at 45.11%, while the 14-day stochastic is at 34.06% with the period’s ATR at 1.86. The stock’s 9-day MACD Oscillator is pointing at 0.34 and -2.42 on the 14-day charts.
In the most recent analyst report for Iron Mountain Incorporated (NYSE: IRM), Barclays launched coverage with an Overweight rating. Analysts offering their rating for IRM stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate IRM as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 5 have offered a “buy” rating.
What is IRM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $20.00 and a high of $68.00, with their median price target at $60.00. Looking at these predictions, the average price target given by analysts is for Iron Mountain Incorporated (IRM) stock is $55.43.
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