Could this be the case of a blown-up long-term opportunity? Mirion Technologies Inc. (MIR)

Mirion Technologies Inc. [MIR] stock prices are up 3.81% to $13.35 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MIR shares have gain 20.92% over the last week, with a monthly amount glided 37.63%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Mirion Technologies Inc. [NYSE: MIR] stock has seen the most recent analyst activity on September 26, 2024, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $14. On March 24, 2022, CJS Securities initiated with a Market Outperform rating and assigned a price target of $13 on the stock. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $14 on November 29, 2021. Citigroup initiated its recommendation with a Buy and recommended $14 as its price target on October 25, 2021.

The stock price of Mirion Technologies Inc. [MIR] has been fluctuating between $6.70 and $13.39 over the past year. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Mirion Technologies Inc. [NYSE: MIR] shares were valued at $13.35 at the most recent close of the market. An investor can expect a potential return of 4.87% based on the average MIR price forecast.

Analyzing the MIR fundamentals

The Mirion Technologies Inc. [NYSE:MIR] reported sales of 821.30M for trailing twelve months, representing a surge of 5.02%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.04 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.46.

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 12.93 points at the first support level, and at 12.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.56, and for the 2nd resistance point, it is at 13.77.

Ratios To Look Out For

It’s worth pointing out that Mirion Technologies Inc. [NYSE:MIR]’s Current Ratio is 2.18. Further, the Quick Ratio stands at 1.55, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 3.78, the price to book ratio is 2.06.

Transactions by insiders

Recent insider trading involved Lee Emmanuelle, Chief Legal Officer, that happened on Sep 24 ’24 when 5000.0 shares were sold. Chief Executive Officer, Logan Thomas D completed a deal on Sep 24 ’24 to sell 7500.0 shares. Meanwhile, Officer THE LEE REVOCABLE LT U/T/D 7/9 bought 20000.0 shares on Sep 25 ’24.

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