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Iron Mountain Inc. (NYSE: IRM) closed the day trading at $96.90 down -4.00% from the previous closing price of $100.94. In other words, the price has decreased by -$4.00 from its previous closing price. On the day, 1.79 million shares were traded. IRM stock price reached its highest trading level at $100.81 during the session, while it also had its lowest trading level at $96.78.
Ratios:
For a better understanding of IRM, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 837.88 whereas as Long-Term Debt/Eq ratio is at 815.22.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 16 ’24 when Tomovcsik John sold 2,500 shares for $100.00 per share. The transaction valued at 250,000 led to the insider holds 17,866 shares of the business.
Meaney William L sold 15,875 shares of IRM for $1,474,470 on Jul 09 ’24. The President and CEO now owns 295,650 shares after completing the transaction at $92.88 per share. On Jul 08 ’24, another insider, Meaney William L, who serves as the President and CEO of the company, sold 15,875 shares for $91.59 each. As a result, the insider received 1,453,991 and left with 295,650 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 28404586496 and an Enterprise Value of 43926548480. As of this moment, Iron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 147.44, and their Forward P/E ratio for the next fiscal year is 48.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 31.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.03 while its Price-to-Book (P/B) ratio in mrq is 1532.26. Its current Enterprise Value per Revenue stands at 7.785 whereas that against EBITDA is 23.286.
Stock Price History:
Over the past 52 weeks, IRM has reached a high of $101.38, while it has fallen to a 52-week low of $56.51. The 50-Day Moving Average of the stock is 10.37%, while the 200-Day Moving Average is calculated to be 30.75%.
Shares Statistics:
Over the past 3-months, IRM traded about 1.81M shares per day on average, while over the past 10 days, IRM traded about 1648970 shares per day. A total of 292.14M shares are outstanding, with a floating share count of 290.67M. Insiders hold about 0.84% of the company’s shares, while institutions hold 83.37% stake in the company. Shares short for IRM as of 1719532800 were 14719236 with a Short Ratio of 8.15, compared to 1717113600 on 10632568. Therefore, it implies a Short% of Shares Outstanding of 14719236 and a Short% of Float of 6.02.
Dividends & Splits
IRM’s forward annual dividend rate is 2.60, up from 2.537 a year ago. Against a Trailing Annual Dividend Yield of 0.025133742The stock’s 5-year Average Dividend Yield is 5.92.
