Market Momentum: Iron Mountain Inc (IRM) Registers a -1.54 Decrease, Closing at 101.62

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Iron Mountain Inc (NYSE: IRM) closed the day trading at $101.62 down -1.54% from the previous closing price of $103.21. In other words, the price has decreased by -$1.54 from its previous closing price. On the day, 3.25 million shares were traded. IRM stock price reached its highest trading level at $105.38 during the session, while it also had its lowest trading level at $101.34.

Ratios:

For a better understanding of IRM, let’s look at its different ratios.

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 Dec 10 ’24 when Meaney William L sold 15,875 shares for $114.11 per share. The transaction valued at 1,811,496 led to the insider holds 0 shares of the business.

Meaney William L sold 15,872 shares of IRM for $1,793,377 on Dec 11 ’24. The President and CEO now owns 0 shares after completing the transaction at $112.99 per share. On Dec 11 ’24, another insider, Meaney William L, who serves as the Officer of the company, bought 15,872 shares for $112.99 each.

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 29821405184 and an Enterprise Value of 46482677760. As of this moment, Iron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 287.22, and their Forward P/E ratio for the next fiscal year is 51.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 33.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.98. Its current Enterprise Value per Revenue stands at 7.762 whereas that against EBITDA is 23.218.

Stock Price History:

Over the past 52 weeks, IRM has reached a high of $130.24, while it has fallen to a 52-week low of $64.68. The 50-Day Moving Average of the stock is -14.66%, while the 200-Day Moving Average is calculated to be 1.59%.

Shares Statistics:

Over the past 3-months, IRM traded about 1.49M shares per day on average, while over the past 10 days, IRM traded about 1817230 shares per day. A total of 293.43M shares are outstanding, with a floating share count of 291.29M. Insiders hold about 0.74% of the company’s shares, while institutions hold 83.69% stake in the company. Shares short for IRM as of 1732838400 were 8365000 with a Short Ratio of 5.62, compared to 1730332800 on 9267997. Therefore, it implies a Short% of Shares Outstanding of 8365000 and a Short% of Float of 3.42.

Dividends & Splits

IRM’s forward annual dividend rate is 2.73, up from 2.634 a year ago. Against a Trailing Annual Dividend Yield of 0.025520783The stock’s 5-year Average Dividend Yield is 5.47.

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