How to Buy Iron Mountain Stock
Iron Mountain Inc
Iron Mountain is a specialty REIT company located in Massachusetts, United States, which is part of the Real Estate sector, and is traded under the ticker IRM on the NYSE exchange.
Iron Mountain stock last closed at $77.52, up 0.34% from the previous day, and has increased 43.93% in one year. It has overperformed other stocks in the REIT - Specialty industry by 0.45 percentage points. Iron Mountain stock is currently +46.78% from its 52-week low of $52.82, and -5.68% from its 52-week high of $82.19.
At the moment, there are 292.28M IRM shares outstanding. The market cap of IRM is $22.66B. In the past 24 hours, 812,244 IRM shares were traded.
How to Buy Iron Mountain Stock
Not sure how to invest in Iron Mountain stock? Here's how.
- Figure out where to buy Iron Mountain stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Iron Mountain stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Select your method of payment and add your information.
- Evaluate Iron Mountain stock: The Iron Mountain ticker symbol is IRM. Is Iron Mountain stock a good investment? Should you buy shares of IRM? How do IRM's underlying business fundamentals look? Do top analysts think Iron Mountain is a good buy? Why has IRM's stock price moved recently? (Hint: Our stock market research website can help you evaluate if IRM is a good stock to buy).
- Place your IRM purchase: Decide if you will purchase IRM shares at the current market price or use a limit order to purchase IRM shares at a given price.
- Track your IRM investment: Create a watchlist to get live updates on your position in Iron Mountain shares.
Step 1: Figure out where to buy Iron Mountain stock
You will need an online brokerage account to access the NYSE market and buy IRM stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal info so you are able to invest in IRM stock today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit funds into your investment account
Now that you have opened your account on one of the best stock market apps, you need to deposit funds:
Check out the walkthrough below to see the process of depositing funds into your investment account.
Step 4: Evaluate Iron Mountain stock
After you have figured out the best place to buy Iron Mountain stock, it's absolutely critical to analyze their stock prior to investing, so you actually wrap your head around the risk and upside.
Iron Mountain stock data
Iron Mountain Overview
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on IRM's stock page.
What is the fair value of IRM stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge IRM's intrinsic value.
Using relative valuations methods:
- IRM may be overvalued based on its P/E ratio of 123.05x, relative to REIT - Specialty industry P/E ratio of 51.13x
- IRM may be overvalued based on its P/B ratio of 107.05x, relative to REIT - Specialty industry P/B ratio of 5.62x
- IRM may be overvalued based on its PEG ratio of 1.29x
You can do additional valuation analysis on IRM's stock here.
IRM Financial Health Overview
Positive Financial Indicators:
- IRM has cash burn of 172112000. It has sufficient cash and short-term investments to cover this for at least one year.
- IRM has $222.79M in cash and short term investments. This is sufficient to cover its annual cash burn of $172.11M.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the IRM balance sheet.
- IRM profit margin has gone down from 10.9% to 3.4% in the past year.
- IRM has a relatively high debt to equity ratio of 81.56.
- Total IRM debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the IRM balance sheet.
Is it a good time to buy IRM stock, according to Wall Street analysts?
Out of 4 sell side analysts who give recommendations on IRM, the consensus analyst rating on Iron Mountain is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Iron Mountain stock forecast page.
IRM Technicals
IRM Growth Numbers
Last year, IRM earnings were $184.23M. During the past 5 year, IRM's earnings have increased by -13.22% per year. This was slower than the REIT - Specialty industry average of 15.68%.
Last year, IRM revenue was $5.48B. In the last five year, IRM's revenue has grown by 5.34% per year. This was slower than the REIT - Specialty industry average of 7.98%.
You can analyze IRM's earnings and revenue performance here.
Are IRM insiders buying or selling the stock?
In the last year, insiders at IRM have sold more shares than they have bought.
William L. Meaney, President and CEO of IRM, was the latest IRM insider to sell. They sold $1,185,703.75 worth of IRM shares on Apr 16, 2024.
Learn more about who owns IRM stock here.
Does IRM provide a stable income stream?
Iron Mountain pays a dividend of 3.31%, compared to the REIT - Specialty industry's average dividend yield of 4.96%. If you owned $1,000 of IRM stock, you would have been paid $33.13 in the past 12 months.
Iron Mountain dividend payments have consistently grown over the past decade but have not remained stable.
Get more analysis about Iron Mountain dividend yield and history here.
What others are saying about IRM
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Place your IRM purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, place a limit order.
Hit the Open Trade button and your broker will execute the order.
If you need more info about investing in stocks on eToro, watch the how to video below:
Step 6: Track your IRM investment
Now that you own some shares in IRM, you'll want to stay up-to-date on your new investment.
Add IRM to a watchlist to keep tabs on your IRM stock.
IRM Feed
How to Buy Stock in Iron Mountain
To reiterate, here are the 6 steps for buying Iron Mountain stock:
- Figure out where to buy Iron Mountain stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Evaluate Iron Mountain stock
- Place your IRM purchase
- Track your IRM investment
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Iron Mountain, click below.
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