Mirion Technologies Inc. [NYSE: MIR] stock went on a downward path that fall over -6.16% on Wednesday, amounting to a one-week price decrease of less than -7.61%.
Over the last 12 months, MIR stock rose by 23.79%. The one-year Mirion Technologies Inc. stock forecast points to a potential upside of 19.49. The average equity rating for MIR stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.31 billion, with 218.18 million shares outstanding and 208.94 million shares in the current float. Compared to the average trading volume of 1.28M shares, MIR stock reached a trading volume of 5725964 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Mirion Technologies Inc. [MIR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MIR shares is $12.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MIR stock is a recommendation set at 1.00. 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.
Citigroup have made an estimate for Mirion Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 26, 2023. While these analysts kept the previous recommendation, CJS Securities raised their target price to Market Outperform. The new note on the price target was released on March 24, 2022, representing the official price target for Mirion Technologies Inc. stock. Previously, the target price had yet another raise to $14, while Goldman analysts kept a Buy rating on MIR stock.
The Average True Range (ATR) for Mirion Technologies Inc. is set at 0.30, with the Price to Sales ratio for MIR stock in the period of the last 12 months amounting to 2.89. The Price to Book ratio for the last quarter was 1.55, with the Price to Cash per share for the same quarter was set at 0.59. Price to Free Cash Flow for MIR in the course of the last twelve months was 39.78 with Quick ratio for the last quarter at 1.48.
MIR Stock Performance Analysis:
Mirion Technologies Inc. [MIR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.61. With this latest performance, MIR shares dropped by -7.44% in over the last four-week period, additionally plugging by 47.61% over the last 6 months – not to mention a rise of 23.79% 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 MIR stock in for the last two-week period is set at 35.68, with the RSI for the last a single of trading hit 27.53, and the three-weeks RSI is set at 41.24 for Mirion Technologies Inc. [MIR]. The present Moving Average for the last 50 days of trading for this stock 10.59, while it was recorded at 10.84 for the last single week of trading, and 9.04 for the last 200 days.
Insight into Mirion Technologies Inc. Fundamentals:
Mirion Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.48 and a Current Ratio set at 2.03.
Mirion Technologies Inc. [MIR] Institutonal Ownership Details
The top three institutional holders of MIR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MIR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MIR stock with ownership which is approximately 5.8386%.
