Iron Mountain Inc (NYSE: IRM) is -3.37% lower on its value in year-to-date trading and has touched a low of $66.20 and a high of $130.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IRM stock was last observed hovering at around $102.00 in the last trading session, with the day’s loss setting it -0.43%.
Currently trading at $101.57, the stock is -3.30% and -7.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing -0.42% at the moment leaves the stock -1.91% off its SMA200. IRM registered 48.80% gain for a year compared to 6-month gain of -0.97%. The firm has a 50-day simple moving average (SMA 50) of $110.0782 and a 200-day simple moving average (SMA200) of $103.5434.
The stock witnessed a -2.04% loss in the last 1 month and extending the period to 3 months gives it a -20.40%, and is -8.54% 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 4.26% over the week and 2.82% over the month.
Iron Mountain Inc (IRM) has around 27000 employees, a market worth around $29.81B and $5.99B in sales. Current P/E ratio is 287.08 and Fwd P/E is 52.13. Profit margin for the company is 1.75%. Distance from 52-week low is 53.43% and -22.01% from its 52-week high. The company has generated returns on investments over the last 12 months (0.68%).
with sales reaching $1.6B over the same period.The EPS is expected to shrink by -0.09% this year, but quarterly earnings will post 12.58% year-over-year. Quarterly sales are estimated to grow 12.78% in year-over-year returns.
Iron Mountain Inc (IRM) Top Institutional Holders
1402.0 institutions hold shares in Iron Mountain Inc (IRM), with institutional investors hold 84.85% of the company’s shares. The shares outstanding are 293.43M, and float is at 291.31M with Short Float at 2.80%. Institutions hold 84.18% 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 69,131 shares of the company’s common stock on Jan 02 ’25 at a price of $104.85 per share for a total of $7.25 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Dec 23 ’24, Bhargava Mithu (EVP, GM Digital Business Unit) disposed off 8,263 shares at an average price of $104.49 for $0.86 million. The insider now directly holds 13,054 shares of Iron Mountain Inc (IRM).
