Mirion Technologies (NYSE:MIR) Hits New 52-Week High – What’s Next?

Mirion Technologies, Inc. (NYSE:MIR) hit a new 52-week high during trading on Saturday . The stock traded as high as $23.10 and last traded at $23.02, with a volume of 10782182 shares. The stock had previously closed at $20.99.

Analysts Set New Price Targets

Several research analysts have commented on the company. Northland Capmk upgraded Mirion Technologies to a “strong-buy” rating in a research note on Sunday, August 24th. Robert W. Baird raised their target price on Mirion Technologies from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. B. Riley restated a “buy” rating and issued a $22.00 target price (up previously from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. Citigroup lifted their price target on Mirion Technologies from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, Wall Street Zen downgraded Mirion Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $23.00.

Mirion Technologies Trading Up 9.7%

The stock has a market cap of $5.39 billion, a P/E ratio of 767.20 and a beta of 0.82. 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 stock has a 50-day moving average price of $21.07 and a 200-day moving average price of $18.05.

Mirion Technologies (NYSE:MIR) last released its earnings results on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $222.90 million during the quarter, compared to the consensus estimate of $216.78 million. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.Mirion Technologies’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, equities research analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Thomas D. Logan sold 325,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $21.31, for a total value of $6,925,750.00. Following the completion of the sale, the chief executive officer owned 3,742,305 shares in the company, valued at $79,748,519.55. The trade was a 7.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Mirion Technologies

Large investors have recently bought and sold shares of the stock. Fortress Investment Group LLC purchased a new position in Mirion Technologies in the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC increased its stake in Mirion Technologies by 470.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after purchasing an additional 1,354 shares during the period. AlphaQuest LLC increased its stake in Mirion Technologies by 360,400.0% in the 1st quarter. AlphaQuest LLC now owns 3,605 shares of the company’s stock worth $52,000 after purchasing an additional 3,604 shares during the period. FSC Wealth Advisors LLC purchased a new position in Mirion Technologies in the 2nd quarter worth approximately $59,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Mirion Technologies in the 1st quarter worth approximately $68,000. 78.51% of the stock is owned by hedge funds and other 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.