Mirion Technologies (NYSE:MIR) Trading 9.7% Higher – Should You Buy?

Mirion Technologies, Inc. (NYSE:MIR) traded up 9.7% during trading on Friday . The stock traded as high as $27.10 and last traded at $26.6150. 1,044,178 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 1,905,828 shares. The stock had previously closed at $24.26.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MIR shares. The Goldman Sachs Group increased their target price on shares of Mirion Technologies from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Northland Securities increased their price objective on Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Robert W. Baird lifted their target price on Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Citigroup cut their price target on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Finally, Evercore ISI began coverage on Mirion Technologies in a research report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Mirion Technologies presently has an average rating of “Buy” and a consensus price target of $28.29.

Mirion Technologies Stock Performance

The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 236.53 and a beta of 0.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.83 and a quick ratio of 4.32. The stock has a 50 day simple moving average of $25.02 and a two-hundred day simple moving average of $23.28.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $223.10 million for the quarter, compared to the consensus estimate of $222.17 million. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.08 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Lawrence D. Kingsley sold 350,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the completion of the sale, the director owned 3,509,075 shares in the company, valued at approximately $86,779,424.75. The trade was a 9.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

Several large investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in Mirion Technologies during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC purchased a new position in shares of Mirion Technologies during the third quarter worth about $26,000. Salomon & Ludwin LLC acquired a new position in Mirion Technologies in the 3rd quarter valued at about $30,000. Fortress Investment Group LLC acquired a new position in Mirion Technologies in the 2nd quarter valued at about $32,000. Finally, EverSource Wealth Advisors LLC raised its stake in Mirion Technologies by 470.1% during the 2nd 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 last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

About Mirion Technologies

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.