Iron Mountain Incorporated [NYSE: IRM] stock went on a downward path that fall over -0.11% on Thursday, amounting to a one-week price decrease of less than -2.03%.
Over the last 12 months, IRM stock rose by 31.04%. The one-year Iron Mountain Incorporated stock forecast points to a potential downside of -2.98. The average equity rating for IRM stock is currently 2.40, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $16.44 billion, with 290.33 million shares outstanding and 287.12 million shares in the current float. Compared to the average trading volume of 1.86M shares, IRM stock reached a trading volume of 3057501 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Iron Mountain Incorporated [IRM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IRM shares is $53.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IRM stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Iron Mountain Incorporated shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 25, 2022. While these analysts kept the previous recommendation, Robert W. Baird raised their target price from $27 to $29. The new note on the price target was released on August 02, 2019, representing the official price target for Iron Mountain Incorporated stock. Previously, the target price had yet another drop from $33 to $25, while BofA/Merrill kept a Underperform rating on IRM stock.
The Average True Range (ATR) for Iron Mountain Incorporated is set at 1.60, with the Price to Sales ratio for IRM stock in the period of the last 12 months amounting to 3.53. The Price to Book ratio for the last quarter was 20.91, with the Price to Cash per share for the same quarter was set at 0.65.
IRM Stock Performance Analysis:
Iron Mountain Incorporated [IRM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.03. With this latest performance, IRM shares dropped by -1.25% in over the last four-week period, additionally plugging by 13.17% over the last 6 months – not to mention a rise of 31.04% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IRM stock in for the last two-week period is set at 51.22, with the RSI for the last a single of trading hit 50.23, and the three-weeks RSI is set at 52.81 for Iron Mountain Incorporated [IRM]. The present Moving Average for the last 50 days of trading for this stock 53.10, while it was recorded at 53.24 for the last single week of trading, and 47.90 for the last 200 days.
Insight into Iron Mountain Incorporated Fundamentals:
Iron Mountain Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.
IRM Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IRM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Iron Mountain Incorporated go to 6.44%.
Iron Mountain Incorporated [IRM] Insider Position Details
There are presently around $12,513 million, or 81.00% of IRM stock, in the hands of institutional investors. The top three institutional holders of IRM stocks are: VANGUARD GROUP INC with ownership of 48,432,157, which is approximately -0.415% of the company’s market cap and around 0.70% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 32,713,760 shares of the stock with an approximate value of $1.79 billion in IRM stocks shares; and BLACKROCK INC., currently with $1.26 billion in IRM stock with ownership of nearly 0.557% of the company’s market capitalization.
392 institutional holders increased their position in Iron Mountain Incorporated [NYSE:IRM] by around 9,717,227 shares. Additionally, 312 investors decreased positions by around 10,141,243 shares, while 126 investors held positions by with 209,142,928 shares. The mentioned changes placed institutional holdings at 229,001,398 shares, according to the latest SEC report filing. IRM stock had 111 new institutional investments in for a total of 1,701,558 shares, while 71 institutional investors sold positions of 1,913,323 shares during the same period.