Iron Mountain Inc [NYSE: IRM] traded at a low on Thursday, posting a -6.25 loss after which it closed the day’ session at $82.79.
The results of the trading session contributed to over 3712054 shares changing hands. Over the past one week, the price volatility of Iron Mountain Inc stands at 3.21% while the volatility over the past one month is 3.24%.
The market cap for IRM stock reached $24.32 billion, with 293.59 million shares outstanding and 291.59 million shares in the current float. Compared to the average trading volume of 2.08M shares, IRM reached a trading volume of 3712054 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Iron Mountain Inc [IRM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IRM shares is $114.57 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 1.88. 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.
UBS have made an estimate for Iron Mountain Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on November 07, 2023. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $58 to $68. The new note on the price target was released on August 22, 2023, representing the official price target for Iron Mountain Inc stock. Previously, the target price had yet another raise to $58, while RBC Capital Mkts analysts kept a Sector Perform rating on IRM stock.
The Average True Range (ATR) for Iron Mountain Inc is set at 3.27, with the Price to Sales ratio for IRM stock in the period of the last 12 months amounting to 3.95.
How has IRM stock performed recently?
Iron Mountain Inc [IRM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.74. With this latest performance, IRM shares dropped by -18.25% in over the last four-week period, additionally sinking by -26.55% over the last 6 months – not to mention a rise of 5.29% 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 23.14, with the RSI for the last a single of trading hit 17.52, and the three-weeks RSI is set at 27.48 for Iron Mountain Inc [IRM]. The present Moving Average for the last 50 days of trading for this stock 100.87, while it was recorded at 88.54 for the last single week of trading, and 105.65 for the last 200 days.
Earnings analysis for Iron Mountain Inc [IRM]
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 Inc go to 7.19%.
Insider trade positions for Iron Mountain Inc [IRM]
The top three institutional holders of IRM stocks are: VANGUARD GROUP INC with ownership of 46.64 million shares, which is approximately 15.933%. BLACKROCK INC., holding 27.89 million shares of the stock with an approximate value of $$2.5 billion in IRM stocks shares; and BLACKROCK INC., currently with $$2.07 billion in IRM stock with ownership which is approximately 7.8581%.
