Mirion Technologies Inc. (NYSE:MIR) finished Wednesday with a subtraction of -$0.12 to close at $7.44, a downside of -1.59 percent. An average of 1,339,060 shares of common stock have been traded in the last five days. There was a fall of -$0.26 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,311,815 shares traded, while the 50-day average volume stands at 1,138,444.
MIR stock has decreased by -9.71% in the last month. The company shares reached their 1-month lowest point of $7.38 on 09/27/23. With the stock rallying to its 52-week high on 02/22/23, shares of the company touched a low of $5.59 and a high of $9.53 in 52 weeks. It has reached a new high 24 times so far this year and achieved 12.56% or $0.83 in price. In spite of this, the price is down -21.93% from the 52-week high.
Insider Transactions
MIR stock investors should be aware that Mirion Technologies Inc. (MIR) stock had its last reported insider trading activity 121 days ago on May 30. In this transaction, the insider spent $27,166. Former 10% Owner, Charterhouse General Partners, disposed of 9,786,153 shares at a price of $8.64 on Mar 07. The insider now owns more than $84,601,293 worth of shares. Prior to that, Director GSAM Holdings LLC went on to Sale 2,700 shares at $6.06 each on Dec 08. An amount of $16,356 was transacted.
Valuation Metrics
Mirion Technologies Inc. (MIR) stock’s beta is 0.53. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.22, the price-to-book (PB) ratio at 1.12.
Financial Health
The quick ratio of Mirion Technologies Inc. for the three months ended June 29 was 1.52, and the current ratio was 2.24, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.47 and a total debt to equity ratio of 0.48 for the quarter ending June 29. Its gross profit as reported stood at $310.1 million compared to revenue of $717.8 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Mirion Technologies Inc.’s return on assets was -9.63%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$27.7 million in the quarter, while revenues of -$41.9 million were shrunk -111.55%. The analyst consensus anticipated Mirion Technologies Inc.’s latest quarter earnings to come in at $0.06 per share, but it turned out to be $0.08, a 33.30% surprise. For the quarter, EBITDA amounted to $31.0 million. Shareholders own equity worth $225.79 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Mirion Technologies Inc. (MIR) price momentum. RSI 9-day as of the close on 27 September was 37.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.61%.
As of today, MIR’s price is $7.70 -3.38% or -$0.26 from its 5-day moving average. MIR is currently trading -11.00% lower than its 20-day SMA and -11.74% lower than its 100-day SMA. However, the stock’s current price level is -8.26% below the SMA50 and +23.79% above the SMA200.
The stochastic %K and %D were 26.69% and 31.10%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 8.45% and the average true range at 0.26, the RSI (14) stands at 40.20%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at -0.01.
Analyst Ratings
The consensus rating for Mirion Technologies Inc. (MIR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MIR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is MIR’s price target for the next 12 months?
Analysts predict a range of price targets between $10.00 and $11.00, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for Mirion Technologies Inc. (MIR) stock is $10.67.
