Iron Mountain Incorporated (NYSE:IRM) shares traded higher over the last trading session, gaining 0.53% on 04/07/21. The shares fell to a low of $37.23 before closing at $37.69. Intraday shares traded counted 1.45 million, which was 59.27% higher than its 30-day average trading volume of 3.56M. IRM’s previous close was $37.49 while the outstanding shares total 288.42M. The firm has a beta of 0.80, a 12-month trailing P/E ratio of 31.78, and a growth ratio of 18.69. The stock’s Relative Strength Index (RSI) is 64.97, with weekly volatility at 1.84% and ATR at 0.83. The IRM stock’s 52-week price range has touched low of $21.54 and a $41.32 high.
Investors have identified the REIT – Specialty company Iron Mountain Incorporated as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $10.79 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Iron Mountain Incorporated (IRM) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For IRM, the company has in raw cash 205.06 million on their books with 193.76 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 1.27 billion total, with 2.0 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 2.76 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on IRM sounds very interesting.
Is the stock of IRM attractive?
In related news, Director, DENINGER PAUL F sold 1,798 shares of the company’s stock in a transaction that recorded on Mar 24. The sale was performed at an average price of 36.60, for a total value of 65,807. As the sale deal closes, the Director, DENINGER PAUL F now sold 7,202 shares of the company’s stock, valued at 262,521. Also, President and CEO, Meaney William L sold 589 shares of the company’s stock in a deal that was recorded on Mar 10. The shares were price at an average price of 36.77 per share, with a total market value of 21,658. Following this completion of acquisition, the President and CEO, Meaney William L now holds 8,200 shares of the company’s stock, valued at 282,900. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
5 out of 7 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Iron Mountain Incorporated. 1 analysts has assigned a Sell rating on the IRM stock. The 12-month mean consensus price target for the company’s shares has been set at $32.86.