As of Wednesday close, Iron Mountain Incorporated’s (NYSE:IRM) stock was down -$0.4, moving down -0.67 percent to $59.27. The average number of shares traded per day over the past five days has been 1,159,820 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.65 fall in that time frame. In the last twenty days, the average volume was 1,398,450, while in the previous 50 days, it was 1,417,290.
Since last month, IRM stock retreated -4.14%. Shares of the company fell to $58.31 on 08/03/23, the lowest level in the past month. A 52-week high of $62.88 was reached on 07/27/23 after having rallying from a 52-week low of $43.28. Since the beginning of this year, IRM’s stock price has risen by 18.90% or $9.42, and marked a new high 24 times. However, the stock has declined by -5.73% since its 52-week high.
IRM stock investors should be aware that Iron Mountain Incorporated (IRM) stock had its last reported insider trading activity 2 days ago on Aug 15. Meaney William L, the President and CEO of the company, disposed of 10,507 shares for $59.97 on Aug 15. It resulted in a $630,105 divestment by the insider. Meaney William L sold 10,507 shares at an average price of $60.22 on Aug 14. The insider now owns 295,650 shares following the transaction. On Aug 07, Director Murdock Wendy J. sold 12,000 shares at $61.53 apiece. The transaction was valued at $738,408.
Valuation Metrics
Right now, Iron Mountain Incorporated (IRM) has a P/E ratio of about 45.73. The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 3.33, the price-to-book (PB) ratio of 41.45.
The latest dividend of $0.65 per share was paid out, which is 5.09% more than last year’s $0.6185.
Financial Health
In the three months ended June 29, 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 June 29 was 26.78, and the total debt-to-equity ratio was 27.02. On the profitability front, the trailing twelve-month gross margin is 68.60% percent. In the year ended June 29, operating margins totaled 18.80%. 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 71.30%.
In Iron Mountain Incorporated’s quarter-end financial report for June 29, it reported total debt of $11.14 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 8.09% to $1.31 billion during the quarter, while net income inched up to $1.36 billion. While analysts expected Iron Mountain Incorporated to report $0.4 quarterly earnings, the actual figure was $0.4 per share. During the quarter, the company generated $411.66 million in EBITDA. The liabilities of Iron Mountain Incorporated were 16.26 billion at the end of its most recent quarter ended June 29, and its total debt was $14.06 billion. The value of shareholders’ equity is $291.85 million.
Technical Picture
This quick technical analysis looks at Iron Mountain Incorporated’s (IRM) price momentum. With a historical volatility rate of 14.47%, the RSI 9-day stood at 35.54% on 16 August.
With respect to its five-day moving average, the current Iron Mountain Incorporated price is down by -2.71% percent or -$1.65. At present, IRM shares trade -4.76% below its 20-day simple moving average and +19.64% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.75% above its SMA50 and +18.83% above its SMA200.
Stochastic coefficient K was 32.74% and Stochastic coefficient D was 40.56%, while ATR was 1.04. Given the Stochastic reading of 26.68% for the 14-day period, the RSI (14) reading has been calculated as 43.69%. As of today, the MACD Oscillator reading stands at -0.80, while the 14-day reading stands at -0.99.
Analyst Ratings
RBC Capital Mkts launched its rating on Iron Mountain Incorporated (NYSE: IRM) to a Sector perform in a note to investors on December 16, 2022. Iron Mountain Incorporated (IRM) has been rated Overweight by analysts. According to 1 brokerage firm, IRM is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Iron Mountain Incorporated stock as buy, with 5 recommending it as overweight.
With a median target price of $67.00, the current consensus forecast for the stock is $20.00 – $75.00. Based on these forecasts, analysts predict Iron Mountain Incorporated (IRM) will achieve an average price target of $61.50.
