Mirion Technologies (NYSE:MIR) Hits New 12-Month High - What's Next?

Key Points

• Mirion Technologies' stock reached a new **52-week high** of $23.59 during trading, closing at **$23.35** as investors showed strong interest.
• Analysts have varying opinions on Mirion Technologies, with B. Riley maintaining a **buy** rating but raising its target price from **$17.00 to $22.00**, while other firms like Northland Securities have set a target of **$26.00**.
• The company reported **$0.11 earnings per share**, exceeding forecasts, and anticipates a **FY 2025 EPS guidance** of **$0.480-0.520**.

Shares of Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $23.59 and last traded at $23.35, with a volume of 1767733 shares. The stock had previously closed at $22.73.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MIR shares. B. Riley reiterated a "buy" rating and issued a $22.00 target price (up previously from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Mirion Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Citigroup increased their target price on shares of Mirion Technologies from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Northland Securities started coverage on shares of Mirion Technologies in a research report on Monday, August 25th. They issued an "outperform" rating and a $26.00 target price for the company. Finally, Northland Capmk upgraded shares of Mirion Technologies to a "strong-buy" rating in a research report on Sunday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $23.00.

Mirion Technologies Stock Up 3.2%

The business's 50 day moving average is $21.28 and its 200-day moving average is $18.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 781.83 and a beta of 0.82.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. The business had revenue of $222.90 million for the quarter, compared to analyst estimates of $216.78 million. During the same period last year, the business posted $0.10 EPS. Mirion Technologies's revenue was up 7.6% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Equities analysts anticipate that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Insider Transactions at Mirion Technologies

In related news, CEO Thomas D. Logan sold 325,000 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $21.31, for a total value of $6,925,750.00. Following the transaction, the chief executive officer directly owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fortress Investment Group LLC bought a new position in shares of Mirion Technologies during the 2nd quarter worth about $32,000. EverSource Wealth Advisors LLC increased its stake in Mirion Technologies by 470.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company's stock valued at $35,000 after acquiring an additional 1,354 shares during the period. FSC Wealth Advisors LLC acquired a new position in Mirion Technologies in the second quarter valued at about $59,000. Nisa Investment Advisors LLC boosted its position in Mirion Technologies by 24.0% in the second quarter. Nisa Investment Advisors LLC now owns 3,366 shares of the company's stock valued at $72,000 after buying an additional 651 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in Mirion Technologies by 360,400.0% in the first quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock valued at $52,000 after buying an additional 3,604 shares in the last quarter. Institutional investors own 78.51% of the company's stock.

About Mirion Technologies

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.

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