Iron Mountain Incorporated (IRM) Stock: Navigating Drops and Gains

A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Iron Mountain Incorporated’s current trading price is -6.62% away from its 52-week high, while its distance from the 52-week low is 23.42%. The stock’s price range for this time frame has been between $43.28 and $57.21. The trading volume of the company’s shares in the Real Estate reached around 8.9 million for the day, which was evidently higher than the average daily volume of 1.23 million over the last three months.

Iron Mountain Incorporated (IRM) has a current stock price of $53.42. During the previous trading session, the stock witnessed a notable rise, reaching a high of $53.67 after opening at $53.48. The stock’s low for the day was $52.815, and it eventually closed at $53.40.

The market performance of Iron Mountain Incorporated has been somewhat unstable. Over the past year, the company’s stock achieved a high of $57.21 on 02/02/23, with the lowest value for the same timeframe being $43.28, recorded on 09/29/22.

How Financial Performance Impacts Market Capitalization

Iron Mountain Incorporated (IRM) has experienced a quarterly rise of 1.60% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 15.62B and boasts a workforce of 27600 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 53.24, with a change in price of +4.47. Similarly, Iron Mountain Incorporated recorded 1,442,945 in trading volume during the last 100 days, posting a change of +9.13%.

How IRM’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for IRM stands at 20.10. Similarly, the long-term debt-to-equity ratio is also 19.91.

IRM Stock Stochastic Average

The raw stochastic average for Iron Mountain Incorporated over the last 50 days is presently at 59.03%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 16.29%. Further, the company’s Stochastic %K and %D values for the last 20 days were 11.96% and 12.13%, respectively.

IRM Stock Price Performance Analysis

The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. The index has shown a price gain of 7.16% this year. Over the last six months, there has been a weaker performance of 0.39%. The price of IRM leaped by -3.52% during the last 30 days period. For the last 5-days stocks have slided -2.36%.

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