Analyzing Iron Mountain Incorporated (IRM) By Technical Indicators


As of Friday close, Iron Mountain Incorporated’s (NYSE:IRM) stock was down -$1.79, moving down -3.44 percent to $50.29. The average number of shares traded per day over the past five days has been 1,980,400 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.04 fall in that time frame. In the last twenty days, the average volume was 1,753,380, while in the previous 50 days, it was 1,591,492.

Since last month, IRM stock retreated -5.58%. Shares of the company fell to $50.09 on 03/17/23, the lowest level in the past month. A 52-week high of $58.61 was reached on 02/02/23 after having rallying from a 52-week low of $43.33. Since the beginning of this year, IRM’s stock price has risen by 0.88% or $0.44, and marked a new high 10 times. However, the stock has declined by -14.20% since its 52-week high.

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IRM stock investors should be aware that Iron Mountain Incorporated (IRM) stock had its last reported insider trading activity 9 days ago on Mar 09. Meaney William L, the President and CEO of the company, disposed of 11,760 shares for $52.65 on Mar 09. It resulted in a $619,164 divestment by the insider. MARSON DEBORAH sold 1,125 shares at an average price of $53.72 on Mar 08. The insider now owns 63,151 shares following the transaction. On Mar 02, President and CEO Meaney William L sold 21,219 shares at $52.28 apiece. The transaction was valued at $1,109,329.

Valuation Metrics

Right now, Iron Mountain Incorporated (IRM) has a P/E ratio of about 26.40. The stock’s beta is 0.94. Besides these, the trailing price-to-sales (P/S) ratio of 2.95, the price-to-book (PB) ratio of 22.96.

The latest dividend of $0.6185 per share was paid out, which is 0.08% more than last year’s $0.6180. On Thursday February 23 2023, a $0.0005 dividend increase was announced.

Financial Health

In the three months ended December 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 December 30 was 16.46, and the total debt-to-equity ratio was 16.60. On the profitability front, the trailing twelve-month gross margin is 68.40% percent. In the year ended December 30, operating margins totaled 20.60%. 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 86.70%.

In Iron Mountain Incorporated’s quarter-end financial report for December 30, it reported total debt of $10.23 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. IRM’s revenue rose 12.18% to $1.29 billion during the quarter, while net income inched up to $1.29 billion. While analysts expected Iron Mountain Incorporated to report $0.44 quarterly earnings, the actual figure was $0.43 per share, beating the consensus estimate by -2.30%. During the quarter, the company generated $443.36 million in EBITDA. The liabilities of Iron Mountain Incorporated were 15.5 billion at the end of its most recent quarter ended December 30, and its total debt was $13.29 billion. The value of shareholders’ equity is $290.9 million.

Technical Picture

This quick technical analysis looks at Iron Mountain Incorporated’s (IRM) price momentum. With a historical volatility rate of 26.98%, the RSI 9-day stood at 32.41% on 17 March.

With respect to its five-day moving average, the current Iron Mountain Incorporated price is down by -2.03% percent or -$1.04. At present, IRM shares trade -5.40% below its 20-day simple moving average and +6.84% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.16% below its SMA50 and -6.70% below its SMA200.

Stochastic coefficient K was 22.24% and Stochastic coefficient D was 31.28%, while ATR was 1.40. Given the Stochastic reading of 3.89% for the 14-day period, the RSI (14) reading has been calculated as 37.83%. As of today, the MACD Oscillator reading stands at -0.85, while the 14-day reading stands at -1.28.


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