Growth Story Still Intact For Iron Mountain Inc (IRM)

Iron Mountain Inc (IRM) concluded trading on Thursday at a closing price of $82.79, with 3.71 million shares of worth about $307.32 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.55% during that period and on March 06, 2025 the price saw a loss of about -6.25%. Currently the company’s common shares owned by public are about 293.59M shares, out of which, 291.59M shares are available for trading.

Stock saw a price change of -9.74% in past 5 days and over the past one month there was a price change of -18.25%. Year-to-date (YTD), IRM shares are showing a performance of -21.23% which increased to 5.29% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $73.36 but also hit the highest price of $130.24 during that period. The average intraday trading volume for Iron Mountain Inc shares is 2.08 million. The stock is currently trading -12.94% below its 20-day simple moving average (SMA20), while that difference is down -17.92% for SMA50 and it goes to -21.60% lower than SMA200.

Iron Mountain Inc (NYSE: IRM) currently have 293.59M outstanding shares and institutions hold larger chunk of about 81.84% of that.

The stock has a current market capitalization of $24.32B and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 136.39, while it has posted earnings per share of $0.61 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IRM, volatility over the week remained 3.21% while standing at 3.24% over the month.

Stock’s fiscal year EPS is expected to rise by 8.35% while it is estimated to increase by 16.28% in next year. EPS is likely to grow at an annualized rate of 7.19% for next 5-years, compared to annual growth of -8.13% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on November 07, 2023 offering a Sell rating for the stock and assigned a target price of $44 to it. Coverage by RBC Capital Mkts stated Iron Mountain Inc (IRM) stock as an Outperform in their note to investors on August 22, 2023, suggesting a price target of $68 for the stock. On December 16, 2022, RBC Capital Mkts Initiated their recommendations, while on December 14, 2022, Exane BNP Paribas Initiated their ratings for the stock with a price target of $66. Stock get an Overweight rating from Barclays on June 24, 2022.

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