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Iron Mountain Inc. (IRM) Volatility At 2.46%, Should You Add A Position?

Iron Mountain Inc. (NYSE: IRM) is 13.73% higher on its value in year-to-date trading and has touched a low of $52.80 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 $78.04 in the last trading session, with the day’s gains setting it 1.55%.

Currently trading at $79.59, the stock is 4.00% and 1.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 1.99% at the moment leaves the stock 18.11% off its SMA200. IRM registered 42.72% gain for a year compared to 6-month gain of 34.51%.

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The stock witnessed a 5.15% loss in the last 1 month and extending the period to 3 months gives it a 16.09%, and is 3.36% up 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 2.46% over the week and 2.12% over the month.

Iron Mountain Inc. (IRM) has around 27000 employees, a market worth around $23.33B and $5.64B in sales. Current P/E ratio is 121.10 and Fwd P/E is 37.84. Profit margin for the company is 3.43%. Distance from 52-week low is 50.73% and -3.16% from its 52-week high. The company has generated returns on investments over the last 12 months (1.28%).

The EPS is expected to grow by 6.55% this year

The shares outstanding are 292.14M, and float is at 290.51M with Short Float at 3.39%.

Iron Mountain Inc. (IRM) Insider Activity

The most recent transaction is an insider sale by Murdock Wendy J., the company’s Director. SEC filings show that Murdock Wendy J. sold 3,547 shares of the company’s common stock on May 07 ’24 at a price of $77.60 per share for a total of $0.28 million. Following the sale, the insider now owns 20944.0 shares.

Iron Mountain Inc. disclosed in a document filed with the SEC on May 03 ’24 that MARSON DEBORAH (EVP, General Counsel, Sec.) sold a total of 2,000 shares of the company’s common stock. The trade occurred on May 03 ’24 and was made at $77.80 per share for $0.16 million. Following the transaction, the insider now directly holds 63286.0 shares of the IRM stock.

Still, SEC filings show that on May 03 ’24, Murdock Wendy J. (Director) disposed off 1,500 shares at an average price of $75.35 for $0.11 million. The insider now directly holds 24,491 shares of Iron Mountain Inc. (IRM).

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