Iron Mountain Incorporated (NYSE:IRM) currently has a daily average trading volume of 1.24M but it saw 1076378 shares traded on Thursday. With a market cap of 15.61B USD, stock’s current market price of $53.71 came rising about 0.49 while comparing to the previous closing price of $53.45. In past 52 weeks, the stock remained buoying in the range of price level as high as $57.21 and as low as $43.28. In the recent trading on the day, stock has struck highest price mark of $54.075 while lowest mark touched by it was $53.16.
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Taking a look at 20-day trading activity of Iron Mountain Incorporated (IRM) gives us an average price of $55.16, while its current price level is -6.12% below from 52-week high level whereas it is 24.09% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $53.49 while that of 200 days or SMA-200 reads an average of $52.12. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.71% during that period while stretching the period over a month that increases to 1.79%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.77 which implies that the stock is in neutral territory.
Iron Mountain Incorporated (IRM)’s stock is currently under the radar of 9 analysts who are in consensus at a 12-month price target range of between $20.00 and $69.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $20.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $69.00. Average price target assigned by them is $58.00 which highlights an upside potential of 7.4% for the stock over that period. And to attain the median price target of $63.00 assigned by those analysts, stock has to add about 14.75% of value to its current levels.
Data by FactSet Research shows that 9 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 2 are advising it as an Overweight. 5 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, IRM’s stock price is moving -2.65% down while it is -0.28% when we observe its performance for the past one month. Year-to-date it is 7.74% up and over the past year, the stock is showing an upside performance of 5.07%.
The company is expected to be releasing its next quarterly report in 08/03/2023, for which analysts forecasted an EPS of $Salesforce, Inc. while estimate for next year EPS is $Technology.
Currently, Iron Mountain Incorporated’s total number of outstanding shares is 291.44M with 0.83% of that held by the insiders while 80.11% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 8.70% and return on equity (ROE) at 98.30%. It has a price to earnings ratio (P/E ratio) of 27.13 while having a 26.99 of forward P/E ratio. Stock’s beta reads 0.94. Stock has a price to book (P/B) ratio of 28.72 while price to sale or P/S ratio amounts to 3.02. Its return on asset (ROA) is 3.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Real Estate Index Fund came shrinking its share ownership by -0.24% in the Iron Mountain Incorporated (IRM) decreasing its stake to 4.39% with control over 30809.0 shares in the company.
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