UBS has recently initiated Iron Mountain Inc (IRM) stock to Sell rating, as announced on November 7, 2023, according to Finviz. Earlier, on August 22, 2023, RBC Capital Mkts had raised the stock from a Sector Perform to Outperform, setting a price target of $68 for IRM stock. RBC Capital Mkts also initiated Sector Perform rating with a price target of $58. Additionally, Exane BNP Paribas initiated Outperform rating on December 14, 2022, with a target price of $66. Barclays analysts, in their report published on June 24, 2022, also initiated Overweight rating and set a price target of $58 for Iron Mountain Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Iron Mountain Inc (IRM) Stock Trading Recap
On Tuesday, Iron Mountain Inc (IRM) stock saw a modest uptick, ending the day at $123.87 which represents a slight increase of $0.46 or 0.37% from the prior close of $123.41. The stock opened at $122.99 and touched a low of $122.5 during the day, reaching a high of $124.75. The volume of shares traded was 1.12 million falling short of the average volume of 1.61 million.
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IRM Stock Performance and Moving Averages
In recent trading, Iron Mountain Inc (IRM) stock price has shown some volatility, fluctuating 1.53% over the last five trades and 4.58% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 61.71%, and it has gained 27.83% in the previous three months. Currently, IRM is trading at 2.96%, 6.84%, and 37.44% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, IRM, a Real Estate sector stock, is trading -1.54% below its 52-week high but remains 115.95% above its 52-week low. The Average True Range (ATR) (14 days) of 2.29 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Iron Mountain Inc’s Profitability and Valuation Ratios
Iron Mountain Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 19.76% and a profit margin of 3.94%, with a gross margin of 61.71%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Iron Mountain Inc’s market capitalization stands at $36.34 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 159.28, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 58.22. Additionally, the Price-to-Sales Ratio is 6.24, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.73% of Iron Mountain Inc (IRM)’s shares, while financial institutions hold 85.39%.
Notable insider trades include Meaney William L, President and CEO at Iron Mountain Inc (IRM), who sold 15875 shares on Oct 08 ’24, at $117.68 each, totaling $1.87 million. On Oct 07 ’24, Meaney William L, President and CEO, sold 15875 shares for $117.36 each, amounting to $1.86 million. Additionally, on Sep 17 ’24, Meaney William L sold 15875 shares at $117 each, generating $1.86 million.
