IRM Stock Summary and Trading Ideas (Iron Mountain (Delaware)Common Stock REIT | NYSE:IRM)

Iron Mountain Inc is a record management services provider. It is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.

Iron Mountain (Delaware)Common Stock REIT trades on the NYSE stock market under the symbol IRM.

As of May 3, 2024, IRM stock price declined to $75.32 with 1,535,161 million shares trading.

IRM has a beta of 1.12, meaning it tends to be more sensitive to market movements. IRM has a correlation of 0.36 to the broad based SPY ETF.

IRM has a market cap of $22.08 billion. This is considered a Large Cap stock.

Last quarter Iron Mountain (Delaware)Common Stock REIT reported $1 billion in Revenue and $.43 earnings per share. This beat revenue expectation by $27 million and exceeded earnings estimates by $.01.

In the last 3 years, IRM stock traded as high as $82.19 and as low as $38.57.

The top ETF exchange traded funds that IRM belongs to (by Net Assets): VNQ, VTI, VOO, VO, SPY.

IRM has outperformed the market in the last year with a return of +41.2%, while the SPY ETF gained +27.0%. In the last 3 month period, IRM beat the market returning +9.9%, while SPY returned +3.7%. However, in the most recent 2 weeks IRM has underperformed the stock market by returning +0.3%, while SPY returned +3.3%.

IRM support price is $75.89 and resistance is $78.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IRM stock will trade within this expected range on the day.