Digging Up the Facts on Iron Mountain Incorporated (IRM)

Iron Mountain Incorporated (IRM) is an interesting player in the Technology space, with a focus on Business Software & Services. The stock has been active on the tape, currently trading at $37.73, down from yesterday’s close by -0.66%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Iron Mountain Incorporated (IRM) currently trades with a market capitalization of $10.69 Billion. That value represents a market adjusting for revenues that have been growing by 2.42 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $313.86 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.31 on a per share basis this quarter. Perhaps, that suggests something about why 2.24% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Iron Mountain Incorporated recorded a 52-week high of $41.53. It is now trading 3.8% off that level. The stock is trading $39.78 its 50-day moving average by 2.05%. The stock carved out a 52-week low down at $31.90.

In recent action, Iron Mountain Incorporated (IRM) has made a move of -7.68% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 8.23% with $271.73 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of IRM.

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