Market Movers

Iron Mountain Incorporated’s Stock Price Drops to $98.78: A 5.01% Decline in Value

By January 29, 2025 No Comments

Iron Mountain Incorporated (IRM)

98.78 USD -5.21 (-5.01%) Volume: 4.11M

Iron Mountain Incorporated’s stock price currently stands at 98.78 USD, experiencing a drop of -5.01% this trading session with a trading volume of 4.11M, and a year-to-date percentage change of -1.07%, indicating a cautious performance for IRM stocks in the market.


Latest developments on Iron Mountain Incorporated

Iron Mountain (NYSE:IRM) stock price experienced a 4% decline following an analyst downgrade by Barclays, adjusting the price target to $130 from $131 while maintaining an overweight rating. Despite this setback, Iron Mountain has seen a rise of 11.6% in the past six months. The company recently hosted its first-ever ‘Game Fair’ at their game store, showcasing its diversification efforts. Additionally, Iron Mountain remains Vert Asset Management LLC’s 9th largest position. Amidst these developments, Janney Montgomery Scott LLC purchased 4,350 shares of Iron Mountain stock, showing continued investor interest in the data center company. With ongoing legal challenges and notable events like the Iron Mountain-Kingsford alumni game raising funds for youth hockey, the stock movements of Iron Mountain continue to be closely watched by investors and analysts alike.


A look at Iron Mountain Incorporated Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth2
Resilience5
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Iron Mountain Incorporated, a storage and information management company, has a mixed outlook based on the Smartkarma Smart Scores. While the company scores high in resilience, indicating its ability to withstand market fluctuations, its scores in value and growth are lower. This suggests that Iron Mountain may not be seen as a strong investment opportunity in terms of potential growth and value.

On the other hand, Iron Mountain scores well in dividend and momentum, indicating that the company may offer a stable dividend payout and has positive momentum in the market. Overall, the long-term outlook for Iron Mountain based on the Smartkarma Smart Scores suggests a company that is solid in its operations and financial stability, but may not offer significant growth potential for investors.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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