The stock of Mirion Technologies Inc. (NYSE:MIR) increased by $0.19 on Friday to finish at $8.10, up 2.40 percent. The last five days have seen an average of 950,740 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $1.49. The average number of shares traded over the last 20 days was 1,063,440, while the average volume over the last 50 days totaled 1,208,662.
MIR stock appreciated 9.76% since last month. On 07/27/23, the company’s shares reached a one-month low of $7.35. The stock touched a high of $9.53 on 02/22/23, after rallying from a low of $5.59 in 52 weeks. The price of MIR stock has risen by 22.54% or $1.49 this year, reaching a new high 24 times. Still, the stock price is down -15.01% from the 52-week high.
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Insider Transactions
MIR stock investors should be aware that Mirion Technologies Inc. (MIR) stock had its last reported insider trading activity 90 days ago on May 30. On May 30, Chief Accounting Officer (PAO) Moore Christopher A. sold 3,430 shares at $7.92 each. This transaction resulted in the insider making $27,166. On Mar 07, Charterhouse General Partners sold 9,786,153 shares at a price of US$8.64. After the transaction, the insider now owns 14,960,702 shares. Director GSAM Holdings LLC had earlier sold 2,700 shares on Dec 08 for $6.06 a share. The transaction was completed for $16,356.
Valuation Metrics
Beta for the stock is 0.47. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.36, the price-to-book (PB) ratio of 1.08.
Financial Health
For the three months ended June 29, Mirion Technologies Inc.’s quick ratio was 1.50, while its current ratio was 2.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.45, and the total debt to equity ratio is 0.46. As far as profitability goes, gross margin for the trailing twelve months is 44.00% percent. Mirion Technologies Inc.’s EBITDA margin for the year ended June 29 was 13.57%, whereas its operating margin stood at -28.50% for the same period. Based on annual data, it had gross profit of $310.1 million and revenue of $717.8 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MIR’s return on assets (ROA) during the last 12 months has been -9.80%. There was a -12.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -18.30%.
Earnings Surprise
According to Mirion Technologies Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $197.0 million, while revenues rose by 10.76% to $182.1 million. It was predicted that Mirion Technologies Inc.’s quarterly earnings would be $0.08, but it ended up being $0.06, beating the consensus by 33.30%. EBITDA was $31.0 million for the quarter. At the end of Mirion Technologies Inc.’s most recent quarter ended June 29, its liabilities totaled 1.13 billion, while its total debt was $721.4 million. Equity owned by shareholders amounts to $225.79 million.
Technical Picture
Here’s a quick look at Mirion Technologies Inc.’s (MIR) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 65.91%, suggesting the stock is Neutral, with a 20.02% historical volatility rate.
The stochastic %K and %D were 84.46% and 76.70% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 93.88%, the RSI (14) reading is 59.18%. On the 9-day MACD Oscillator, the stock is at 0.23, and the 14-day reading is at 0.22.
Analyst Ratings
Analysts have assigned Mirion Technologies Inc. (MIR) an Buy rating. MIR is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is MIR’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.00 and $11.00, with a median target price of $11.00. In analyzing these forecasts, the average price target given by analysts for Mirion Technologies Inc. (MIR) is $10.67.
