Mirion Technologies (NYSE:MIR) Reaches New 52-Week High - What's Next?

Key Points

• Mirion Technologies reached a new 52-week high of $24.98, with the last trade at $24.89, reflecting a 1.3% increase in stock price.
• Equities analysts provided updated price targets, with Goldman Sachs raising their target from $22.00 to $25.00, contributing to a consensus target price of $23.80.
• CEO Thomas D. Logan sold 325,000 shares at an average price of $21.31, decreasing his holdings by nearly 8%, while institutional ownership now stands at 78.51%.

Shares of Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $24.98 and last traded at $24.89, with a volume of 93252 shares. The stock had previously closed at $24.51.

Analysts Set New Price Targets

A number of equities analysts have commented on MIR shares. Northland Capmk raised shares of Mirion Technologies to a "strong-buy" rating in a research note on Sunday, August 24th. Robert W. Baird upped their price objective on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. The Goldman Sachs Group upped their price objective on shares of Mirion Technologies from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Northland Securities initiated coverage on shares of Mirion Technologies in a research note on Monday, August 25th. They issued an "outperform" rating and a $26.00 price objective for the company. Finally, Citigroup upped their price objective on shares of Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, July 14th. 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.com, Mirion Technologies currently has a consensus rating of "Buy" and a consensus target price of $23.80.

Mirion Technologies Stock Up 1.3%

The company has a current ratio of 2.54, a quick ratio of 2.01 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $5.81 billion, a P/E ratio of 827.83 and a beta of 0.82. The company's fifty day simple moving average is $21.63 and its 200 day simple moving average is $18.68.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.11 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $216.78 million. During the same period in the prior year, the business earned $0.10 EPS. The company's revenue for the quarter was up 7.6% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Research analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Insider Activity

In related news, CEO Thomas D. Logan sold 325,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 3,742,305 shares in the company, valued at $79,748,519.55. This trade represents a 7.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. increased its stake in shares of Mirion Technologies by 803.7% in the 2nd quarter. Osaic Holdings Inc. now owns 5,802 shares of the company's stock worth $125,000 after acquiring an additional 5,160 shares in the last quarter. FSC Wealth Advisors LLC bought a new stake in Mirion Technologies during the 2nd quarter valued at about $59,000. Munro Partners bought a new stake in Mirion Technologies during the 2nd quarter valued at about $2,624,000. Nomura Holdings Inc. bought a new stake in Mirion Technologies during the 2nd quarter valued at about $3,056,000. Finally, FORA Capital LLC bought a new stake in Mirion Technologies during the 2nd quarter valued at about $1,268,000. 78.51% of the stock is currently owned by institutional investors.

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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