Iron Mountain Incorporated (IRM): Analysis on simple moving average

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Iron Mountain Incorporated (NYSE:IRM) changes shares on Friday trading session, with a change of -2.37% or -$0.64 shares. The trading starts at $27.47 and closed at $26.98 throughout the day. The trading session low price was $26.14 and day high was $27.49 on Friday, June 19. After the session, the Real Estate sector daily volume shifted to 10.08 million while its average volume is 3.51M. In other hand, the IRM market cap reached to $7.53B. While, its current target price is $26.34 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -5.32% and up 10.30% for month. Its quarterly performance was 15.98% above, while its half year performance is down -17.17%. IRM yearly performance stood at negative -19.08% and fall -17.35% for year-to-date. Current recommendation for Iron Mountain Incorporated is 2.60.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. IRM EPS (TTM) for 12-month is 1.05. EPS for this year is -27.30%, while for the next year its value is 1.18. Sales growth for the current quarter is 3.14 while its EPS Q/Q reached 115.60%. It has an EPS of -9.70% down for past five years and for the next five years will be up 8.00%.

Let’s take a look on the analyst recommendations on IRM for the current month and previous month. For the current month, 5 of 8 analysts recommend stock as Buy while 1 as Sell, 0 as overweight, 1 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $16.00-$34.00. Average target price for IRM was reached at $28.13.

Vanguard Group, Inc. (The), Capital World Investors and Blackrock Inc. are the top three holders in Iron Mountain Incorporated (IRM) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 48.71 million shares which valued 1.16 billion. On Mar 30, 2020, Capital World Investors owned 35.2 million shares which valued at 837.74 million. On Mar 30, 2020, Blackrock Inc. has a total of 21.94 million shares which valued at 522.16 million. In the end, Blackrock Inc. have 7.62% shares outstanding of Iron Mountain Incorporated (IRM) on Mar 30, 2020. The insider ownership moved to 1.00% and institutional holding shifted to 87.30%.

The company posted an EPS (TTM) of 1.05. According to the most recent quarter report on (Jun 2020), 6 analysts estimated an average EPS of 0.13, while 0.23 EPS posted a year ago period. Comparing with last year, the average estimated EPS was 0.23 which is lower than 0.27 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for IRM fall -11.89% for period of 200 days. SMA for 50 days was 3.48% which is showing green signal, while SMA-20 was -3.63%. The moving average value for Iron Mountain Incorporated (IRM) is 28.49 and 25.69 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in IRM stock. On Jun 02, VERRECCHIA ALFRED J, Director, sold 15,555 trading shares at the cost of $26.54, which valued at 0.41 million. On May 20, RAKOWICH WALTER C, Director, sold 2,804 shares at the cost of $24.18, with total shares of 27,567. On May 19, Arway Pamela M, Director, sold 7,011 shares at the cost of 23.60. After this transaction, Arway Pamela M total shares reached to 25,282 which valued at 0.17 million.