A share price of Iron Mountain Inc. [IRM] is currently trading at $106.69, down -2.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The IRM shares have gain 8.31% over the last week, with a monthly amount glided 16.25%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Iron Mountain Inc. [NYSE: IRM] stock has seen the most recent analyst activity on November 07, 2023, when UBS initiated its Sell rating and assigned the stock a price target of $44. Previously, RBC Capital Mkts upgraded its rating to Outperform on August 22, 2023, and elevated its price target to $68. On December 16, 2022, RBC Capital Mkts initiated with a Sector Perform rating and assigned a price target of $58 on the stock. Exane BNP Paribas started tracking the stock assigning a Outperform rating and suggested a price target of $66 on December 14, 2022. Barclays initiated its recommendation with a Overweight and recommended $58 as its price target on June 24, 2022. Stifel upgraded its rating to Buy for this stock on February 25, 2022, and upped its price target to $52. In a note dated August 02, 2019, Robert W. Baird upgraded an Neutral rating on this stock and boosted its target price from $27 to $29.
Iron Mountain Inc. experienced fluctuations in its stock price throughout the past year between $56.51 and $110.48. Currently, Wall Street analysts expect the stock to reach $68.8 within the next 12 months. Iron Mountain Inc. [NYSE: IRM] shares were valued at $106.69 at the most recent close of the market. An investor can expect a potential drop of -35.51% based on the average IRM price forecast.
Analyzing the IRM fundamentals
Trailing Twelve Months sales for Iron Mountain Inc. [NYSE:IRM] were 5.82B which represents 13.00% growth. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 2.55 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -99.87.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 104.15 points at the first support level, and at 101.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.01, and for the 2nd resistance point, it is at 115.33.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 5.38 and price to earnings (TTM) ratio is 137.19.
Transactions by insiders
Recent insider trading involved Tomovcsik John, Former Officer, that happened on Aug 01 ’24 when 2866.0 shares were purchased. EVP, Chief Operating Officer, Tomovcsik John completed a deal on Aug 01 ’24 to sell 2866.0 shares. Meanwhile, EVP, Chief Operating Officer Tomovcsik John sold 2500.0 shares on Jul 16 ’24.
