Iron Mountain Incorporated (NYSE:IRM) saw an upside of 0.94% to close Friday at $59.11 after adding $0.55 on the day. The 5-day average trading volume is 1,056,980 shares of the company’s common stock. It has gained $60.60 in the past week and touched a new high 1 time within the past 5 days. An average of 1,350,565 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,413,758.
IRM’s 1-month performance is -4.65% or -$2.72 on its low of $58.03 reached on 08/18/23. The company’s shares have touched a 52-week low of $43.28 and high of $62.88, with the stock’s rally to the 52-week high happening on 07/27/23. YTD, IRM has achieved 18.58% or $9.26 and has reached a new high 24 times. However, the current price is down -5.99% from the 52-week high price.
Insider Transactions
IRM stock investors last saw insider trading activity on Aug 15.Meaney William L (President and CEO) most recently sold 10,507 shares at $59.97 per share on Aug 15. This transaction cost the insider $630,105. President and CEO, Meaney William L, sold 10,507 shares at a price of $60.22 on Aug 14. Then, on Aug 07, Director Murdock Wendy J. sold 12,000 shares at a price of $61.53 per share. This transaction amounted to $738,408.
Valuation Metrics
IRM stock has a beta of 0.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.26 while the price-to-book (PB) in the most recent quarter is 41.34.
Iron Mountain Incorporated’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 0.80. As well, the company’s long term debt to equity for the quarter ending June 29 was 26.78, while the total debt to equity was 27.02. In terms of profitability, the gross margin trailing 12 months is 68.60%. The firm’s gross profit as reported stood at $2.91 billion against revenue of $5.1 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -181790.91% to $0.11 million, while revenue of $64.6 million was -58627.27% off the previous quarter. Analysts expected IRM to announce $0.4 per share in earnings in its latest quarter, but it posted $0.4, representing a 0.00% surprise. EBITDA for the quarter stood at more than $411.66 million. IRM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 16.26 billion, with total debt at $14.06 billion. Shareholders hold equity totaling $291.85 million.
Let’s look briefly at Iron Mountain Incorporated (IRM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 38.24% to suggest the stock is trending Neutral, with historical volatility in this time period at 10.18%.
The stock’s 5-day moving average is $59.36, reflecting a -2.25% or -$1.36 change from its current price. IRM is currently trading -4.49% above its 20-day SMA, +17.73% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.88% and SMA200 by+18.05%.
Stochastic %K and %D was 20.49% and 24.81% and the average true range (ATR) pointed at 1.09. The RSI (14) points at 43.98%, while the 14-day stochastic is at 27.76% with the period’s ATR at 1.10. The stock’s 9-day MACD Oscillator is pointing at -1.02 and -1.42 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Iron Mountain Incorporated (NYSE: IRM), RBC Capital Mkts launched coverage with a Sector perform rating. Analysts offering their rating for IRM stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate IRM as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.
What is IRM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $20.00 and a high of $75.00, with their median price target at $67.00. Looking at these predictions, the average price target given by analysts is for Iron Mountain Incorporated (IRM) stock is $61.50.
