Approximately 11,760 Shares Of Iron Mountain Incorporated (IRM) Were Sold By This Insider.

Iron Mountain Incorporated (NYSE:IRM) finished Wednesday with a subtraction of -$1.01 to close at $51.58, a downside of -1.92 percent. An average of 1,282,060 shares of common stock have been traded in the last five days. There was a gain of $0.61 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,367,875 shares traded, while the 50-day average volume stands at 1,559,568.

IRM stock has decreased by -3.86% in the last month. The company shares reached their 1-month lowest point of $48.94 on 03/24/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $43.32 and a high of $58.46 in 52 weeks. It has reached a new high 10 times so far this year and achieved 3.47% or $1.73 in price. In spite of this, the price is down -11.77% from the 52-week high.

Insider Transactions

IRM stock investors should be aware that Iron Mountain Incorporated (IRM) stock had its last reported insider trading activity 28 days ago on Mar 09. In this transaction, the insider spent $619,164. EVP, General Counsel, Sec., MARSON DEBORAH, disposed of 1,125 shares at a price of $53.72 on Mar 08. The insider now owns more than $60,435 worth of shares. Prior to that, President and CEO Meaney William L went on to Sale 21,219 shares at $52.28 each on Mar 02. An amount of $1,109,329 was transacted.

Valuation Metrics

Iron Mountain Incorporated (IRM) has a trailing price-to-earnings (P/E) ratio of 27.08. The stock’s beta is 0.93. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.88, the price-to-book (PB) ratio at 23.55.

The company has a payout ratio of 93.30%. The company’s most recent quarterly dividend payment was $0.6185 a share, representing a up of 0.08% from $0.6180 last year. Its latest increase dividend $0.0005 reported on Thursday February 23 2023.

Financial Health

The quick ratio of Iron Mountain Incorporated for the three months ended December 30 was 0.80, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 16.46 and a total debt to equity ratio of 16.60 for the quarter ending December 30. Its gross profit as reported stood at $2.91 billion compared to revenue of $5.1 billion.

Earnings Surprise

For the three-month period that ended December 30, Iron Mountain Incorporated had $10.23 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $192.16 million in the quarter, while revenues were grew 64.78%. The analyst consensus anticipated Iron Mountain Incorporated’s latest quarter earnings to come in at $0.44 per share, but it turned out to be $0.43, a -2.30% surprise. For the quarter, EBITDA amounted to $443.36 million. Shareholders own equity worth $290.9 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Iron Mountain Incorporated (IRM) price momentum. RSI 9-day as of the close on 05 April was 48.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.15%.

As of today, IRM’s price is $52.38 +1.20% or $0.61 from its 5-day moving average. IRM is currently trading -4.20% lower than its 20-day SMA and +4.90% higher than its 100-day SMA. However, the stock’s current price level is -1.09% below the SMA50 and +11.60% above the SMA200.

The stochastic %K and %D were 76.06% and 82.29%, respectively, and the average true range (ATR) was 1.19. With the 14-day stochastic at 58.15% and the average true range at 1.22, the RSI (14) stands at 48.32%. The stock has reached 0.88 on the 9-day MACD Oscillator while the 14-day reading was at 1.26.

Analyst Ratings

RBC Capital Mkts launched coverage on Iron Mountain Incorporated (NYSE: IRM) in its analyst report released on December 16, 2022. The firm assigned the stock a Sector perform rating.

nyse
iron