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The closing price of Iron Mountain Inc. (NYSE: IRM) was $114.13 for the day, down -1.99% from the previous closing price of $116.45. In other words, the price has decreased by -$1.99 from its previous closing price. On the day, 1.9 million shares were traded. IRM stock price reached its highest trading level at $117.95 during the session, while it also had its lowest trading level at $112.36.
Ratios:
Our analysis of IRM’s different ratios will help us gain a deeper understanding of the company.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on November 07, 2023, initiated with a Sell rating and assigned the stock a target price of $44.
On August 22, 2023, RBC Capital Mkts Upgraded its rating to Outperform which previously was Sector Perform and also upped its target price recommendation from $58 to $68.
On December 16, 2022, RBC Capital Mkts started tracking the stock assigning a Sector Perform rating and target price of $58.RBC Capital Mkts initiated its Sector Perform rating on December 16, 2022, with a $58 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 17 ’24 when Meaney William L sold 15,875 shares for $117.00 per share. The transaction valued at 1,857,375 led to the insider holds 295,650 shares of the business.
Meaney William L sold 15,875 shares of IRM for $1,839,119 on Sep 18 ’24. The President and CEO now owns 295,650 shares after completing the transaction at $115.85 per share. On Sep 17 ’24, another insider, Murdock Wendy J., who serves as the Director of the company, sold 8,500 shares for $116.38 each. As a result, the insider received 989,230 and left with 14,829 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IRM now has a Market Capitalization of 34158995456 and an Enterprise Value of 49214889984. As of this moment, Iron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 146.75, and their Forward P/E ratio for the next fiscal year is 53.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 31.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.75. Its current Enterprise Value per Revenue stands at 8.457 whereas that against EBITDA is 25.287.
Stock Price History:
Over the past 52 weeks, IRM has reached a high of $118.46, while it has fallen to a 52-week low of $56.51. The 50-Day Moving Average of the stock is 6.54%, while the 200-Day Moving Average is calculated to be 36.07%.
Shares Statistics:
IRM traded an average of 2.00M shares per day over the past three months and 1410820 shares per day over the past ten days. A total of 292.14M shares are outstanding, with a floating share count of 290.98M. Insiders hold about 0.80% of the company’s shares, while institutions hold 85.71% stake in the company. Shares short for IRM as of 1724976000 were 9918137 with a Short Ratio of 4.95, compared to 1722384000 on 12756331. Therefore, it implies a Short% of Shares Outstanding of 9918137 and a Short% of Float of 4.0599998.
Dividends & Splits
With its trailing 12-month dividend rate of 2.569, IRM has a forward annual dividend rate of 2.67. Against a Trailing Annual Dividend Yield of 0.022060972The stock’s 5-year Average Dividend Yield is 5.74.
