Iron Mountain Inc. (NYSE: IRM) is 12.46% higher on its value in year-to-date trading and has touched a low of $51.08 and a high of $82.19 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IRM stock was last observed hovering at around $79.21 in the last trading session, with the day’s loss setting it -0.51%.
Currently trading at $78.70, the stock is -1.33% and 5.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing -0.64% at the moment leaves the stock 20.99% off its SMA200. IRM registered 48.49% gain for a year compared to 6-month gain of 37.52%. The firm has a 50-day simple moving average (SMA 50) of $6.85 and a 200-day simple moving average (SMA200) of $23.21.
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The stock witnessed a 0.17% loss in the last 1 month and extending the period to 3 months gives it a 18.85%, and is -1.80% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.61% over the week and 1.71% over the month.
Iron Mountain Inc. (IRM) has around 27000 employees, a market worth around $23.00B and $5.48B in sales. Current P/E ratio is 125.58 and Fwd P/E is 36.71. Profit margin for the company is 3.36%. Distance from 52-week low is 54.08% and -4.25% from its 52-week high. The company has generated returns on investments over the last 12 months (1.26%).
Iron Mountain Inc. quarterly earnings per share for the current quarter are estimated at $0.42 with sales reaching $1.45B over the same period.The EPS is expected to grow by 7.81% this year, but quarterly earnings will post 11.10% year-over-year. Quarterly sales are estimated to grow 10.60% in year-over-year returns.
1,222 institutions hold shares in Iron Mountain Inc. (IRM), with institutional investors hold 82.16% of the company’s shares. The shares outstanding are 292.14M, and float is at 289.66M with Short Float at 3.63%. Institutions hold 81.44% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 46.85 million shares valued at $2.66 billion. The investor’s holdings represent 16.05% of the IRM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 22.38 million shares valued at $1.27 billion to account for 7.67% of the shares outstanding. The other top investors are Capital World Investors which holds 20.36 million shares representing 6.98% and valued at over $1.16 billion, while State Street Corporation holds 4.77% of the shares totaling 13.92 million with a market value of $790.66 million.
Iron Mountain Inc. (IRM) Insider Activity
The most recent transaction is an insider sale by Kidd Mark, the company’s EVP, GM Data Centers & ALM. SEC filings show that Kidd Mark sold 4,458 shares of the company’s common stock on Apr 01 ’24 at a price of $80.21 per share for a total of $0.36 million. Following the sale, the insider now owns 62938.0 shares.
Iron Mountain Inc. disclosed in a document filed with the SEC on Mar 05 ’24 that Meaney William L (President and CEO) sold a total of 137,032 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $78.84 per share for $10.8 million. Following the transaction, the insider now directly holds 0.3 million shares of the IRM stock.
Still, SEC filings show that on Mar 05 ’24, MARSON DEBORAH (EVP, General Counsel, Sec.) disposed off 2,000 shares at an average price of $78.70 for $0.16 million. The insider now directly holds 67,286 shares of Iron Mountain Inc. (IRM).
