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As of close of business last night, Iron Mountain Inc.’s stock clocked out at $95.15, up 2.17% from its previous closing price of $93.13. In other words, the price has increased by $2.17 from its previous closing price. On the day, 1.36 million shares were traded. IRM stock price reached its highest trading level at $95.24 during the session, while it also had its lowest trading level at $92.83.
Ratios:
To gain a deeper understanding of IRM’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 09 ’24 when Meaney William L sold 15,875 shares for $92.88 per share. The transaction valued at 1,474,470 led to the insider holds 295,650 shares of the business.
Meaney William L sold 15,875 shares of IRM for $1,453,991 on Jul 08 ’24. The President and CEO now owns 295,650 shares after completing the transaction at $91.59 per share. On Jun 20 ’24, another insider, Tomovcsik John, who serves as the EVP, Chief Operating Officer of the company, sold 35,084 shares for $88.76 each. As a result, the insider received 3,114,043 and left with 20,366 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 27891605504 and an Enterprise Value of 43413565440. As of this moment, Iron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 144.78, and their Forward P/E ratio for the next fiscal year is 47.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 30.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.94 while its Price-to-Book (P/B) ratio in mrq is 1504.59. Its current Enterprise Value per Revenue stands at 7.694 whereas that against EBITDA is 23.014.
Stock Price History:
The Beta on a monthly basis for IRM is 1.00, which has changed by 0.6097107 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, IRM has reached a high of $93.82, while it has fallen to a 52-week low of $56.51. The 50-Day Moving Average of the stock is 13.67%, while the 200-Day Moving Average is calculated to be 31.80%.
Shares Statistics:
It appears that IRM traded 1.73M shares on average per day over the past three months and 1611460 shares per day over the past ten days. A total of 292.14M shares are outstanding, with a floating share count of 290.66M. Insiders hold about 0.84% of the company’s shares, while institutions hold 82.18% stake in the company. Shares short for IRM as of 1718323200 were 12470834 with a Short Ratio of 7.22, compared to 1715731200 on 9964816. Therefore, it implies a Short% of Shares Outstanding of 12470834 and a Short% of Float of 5.1.
Dividends & Splits
With its trailing 12-month dividend rate of 2.537, IRM has a forward annual dividend rate of 2.59. Against a Trailing Annual Dividend Yield of 0.02724149The stock’s 5-year Average Dividend Yield is 5.92. The current Payout Ratio is 404.82% for IRM, which recently paid a dividend on 2024-06-17 with an ex-dividend date of 1718582400. Stock splits for the company last occurred on 2014-09-26 when the company split stock in a 1082:1000 ratio.
