Last Week, Iron Mountain Incorporated (IRM) Recorded A Gain Of $50.68

As of Wednesday close, Iron Mountain Incorporated’s (NYSE:IRM) stock was down -$1.26, moving down -2.30 percent to $53.45. The average number of shares traded per day over the past five days has been 994,960 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.82 fall in that time frame. In the last twenty days, the average volume was 1,033,965, while in the previous 50 days, it was 1,200,802.

Since last month, IRM stock retreated -1.49%. Shares of the company fell to $53.41 on 05/24/23, the lowest level in the past month. A 52-week high of $57.21 was reached on 02/02/23 after having rallying from a 52-week low of $43.28. Since the beginning of this year, IRM’s stock price has risen by 7.22% or $3.60, and marked a new high 10 times. However, the stock has declined by -6.57% since its 52-week high.

IRM stock investors should be aware that Iron Mountain Incorporated (IRM) stock had its last reported insider trading activity 3 days ago on May 22. Meaney William L, the President and CEO of the company, disposed of 21,014 shares for $55.06 on May 22. It resulted in a $1,157,031 divestment by the insider. RAKOWICH WALTER C sold 1,219 shares at an average price of $55.53 on May 19. The insider now owns 33,735 shares following the transaction. On May 17, Director Allerton Jennifer sold 4,000 shares at $55.14 apiece. The transaction was valued at $220,576.

Valuation Metrics

Right now, Iron Mountain Incorporated (IRM) has a P/E ratio of about 26.99. The stock’s beta is 0.94. Besides these, the trailing price-to-sales (P/S) ratio of 3.00, the price-to-book (PB) ratio of 28.58.

The latest dividend of $0.6185 per share was paid out, remained unchanged from last year’s $0.6185. On Thursday February 23 2023, a $0.0005 dividend increase was announced.

Financial Health

In the three months ended March 30, Iron Mountain Incorporated’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 19.91, and the total debt-to-equity ratio was 20.10. On the profitability front, the trailing twelve-month gross margin is 68.50% percent. In the year ended March 30, operating margins totaled 20.70%. Based on annual data, IRM earned $2.91 billion in gross profit and brought in $5.1 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.70%. Return on equity (ROE) for the past 12 months was 98.30%.

In Iron Mountain Incorporated’s quarter-end financial report for March 30, it reported total debt of $10.86 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. IRM’s revenue rose 11.77% to $1.29 billion during the quarter, while net income inched up to $1.31 billion. While analysts expected Iron Mountain Incorporated to report $0.35 quarterly earnings, the actual figure was $0.42 per share. During the quarter, the company generated $427.09 million in EBITDA. The liabilities of Iron Mountain Incorporated were 15.92 billion at the end of its most recent quarter ended March 30, and its total debt was $13.77 billion. The value of shareholders’ equity is $291.62 million.

Technical Picture

This quick technical analysis looks at Iron Mountain Incorporated’s (IRM) price momentum. With a historical volatility rate of 20.07%, the RSI 9-day stood at 34.00% on 24 May.

With respect to its five-day moving average, the current Iron Mountain Incorporated price is down by -3.29% percent or -$1.82. At present, IRM shares trade -0.76% below its 20-day simple moving average and +6.62% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.28% above its SMA50 and -1.00% below its SMA200.

Stochastic coefficient K was 17.30% and Stochastic coefficient D was 32.11%, while ATR was 1.01. Given the Stochastic reading of 1.34% for the 14-day period, the RSI (14) reading has been calculated as 41.67%. As of today, the MACD Oscillator reading stands at -0.50, while the 14-day reading stands at -0.84.

Analyst Ratings

Iron Mountain Incorporated (IRM) has been rated Overweight by analysts. According to 1 brokerage firm, IRM is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Iron Mountain Incorporated stock as buy, with 5 recommending it as overweight.

With a median target price of $63.00, the current consensus forecast for the stock is $20.00 – $69.00. Based on these forecasts, analysts predict Iron Mountain Incorporated (IRM) will achieve an average price target of $58.00.

nyse
iron