Iron Mountain Inc. (NYSE:IRM) does about 1.29M shares in volume on a normal day but saw 2130072 shares change hands in Monday trading. The company now has a market cap of 25.53B USD. Its current market price is $87.10, marking an increase of 1.91% compared to the previous close of $85.47. The 52 week high reached by this stock is $85.63 whilst the lowest price level in 52 weeks is $53.73.
Iron Mountain Inc. (IRM) has a 20-day trading average at $81.52 and the current price is 1.72% off the 52-week high compared with 62.09% distance from its 52-week low. The 50-day simple moving average of the closing price is $78.98 and its 200-day simple moving average is $69.68. If we look at the stock’s price movements over the week, volatility stands at 2.41%, which decreases to 2.00% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.20 to suggest the stock is overbought.
The consensus objective for the share price is $82.50, suggesting that the stock has a potential downside of -5.58% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 07, 2023 when UBS initiated the stock to “Sell” and issued a price target of $44. RBC Capital Mkts upgraded the stock to “Outperform” from Sector Perform on August 22, 2023 at a price target of $58-$68. RBC Capital Mkts initiated its price target at $58.
Iron Mountain Inc. (IRM) stock is up 7.89% over the week and 9.44% over the past month. Its price is 24.46% year-to-date and 56.04% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -5.58 percent from here.
The company has a return on investment of 1.28% and return on equity of 68.69%. The price to earnings ratio (P/E ratio) amounts to 132.53 while the forward price to earnings ratio is 43.21. The beta has a value of 0.99. Price to book ratio is 1377.29 and price to sales ratio is 4.52.
