Iron Mountain Inc. (NYSE: IRM) is 76.36% higher on its value in year-to-date trading and has touched a low of $57.36 and a high of $123.55 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 $122.00 in the last trading session, with the day’s gains setting it 1.42%.
Currently trading at $123.42, the stock is 3.90% and 7.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing 1.16% at the moment leaves the stock 38.71% off its SMA200. IRM registered 100.13% gain for a year compared to 6-month gain of 64.23%. The firm has a 50-day simple moving average (SMA 50) of $114.252 and a 200-day simple moving average (SMA200) of $88.71175.
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The stock witnessed a 6.47% loss in the last 1 month and extending the period to 3 months gives it a 26.14%, and is 2.43% 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 1.55% over the week and 2.00% over the month.
Iron Mountain Inc. (IRM) has around 27000 employees, a market worth around $36.20B and $5.82B in sales. Current P/E ratio is 158.70 and Fwd P/E is 58.01. Profit margin for the company is 3.94%. Distance from 52-week low is 115.17% and -0.11% from its 52-week high. The company has generated returns on investments over the last 12 months (1.52%).
The EPS is expected to grow by 3.83% this year
1342.0 institutions hold shares in Iron Mountain Inc. (IRM), with institutional investors hold 86.63% of the company’s shares. The shares outstanding are 292.14M, and float is at 291.18M with Short Float at 3.42%. Institutions hold 85.92% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 46.64 million shares valued at $4.18 billion. The investor’s holdings represent 15.933 of the IRM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 27.89 million shares valued at $2.5 billion to account for 9.5277 of the shares outstanding. The other top investors are COHEN & STEERS, INC. which holds 23.05 million shares representing 7.8741 and valued at over $2.07 billion, while STATE STREET CORP holds 5.9834 of the shares totaling 17.52 million with a market value of $1.58 billion.
Iron Mountain Inc. (IRM) Insider Activity
The most recent transaction is an insider sale by Meaney William L, the company’s President and CEO. SEC filings show that Meaney William L sold 15,875 shares of the company’s common stock on Oct 08 ’24 at a price of $117.68 per share for a total of $1.87 million. Following the sale, the insider now owns 0.3 million shares.
Iron Mountain Inc. disclosed in a document filed with the SEC on Oct 07 ’24 that Meaney William L (President and CEO) sold a total of 15,875 shares of the company’s common stock. The trade occurred on Oct 07 ’24 and was made at $117.36 per share for $1.86 million. Following the transaction, the insider now directly holds 0.3 million shares of the IRM stock.
Still, SEC filings show that on Oct 08 ’24, Meaney William L (Officer) Proposed Sale 15,875 shares at an average price of $117.68 for $1.87 million. The insider now directly holds shares of Iron Mountain Inc. (IRM).
