Mirion Technologies Target of Unusually High Options Trading (NYSE:MIR)
by Doug Wharley · The Cerbat GemMirion Technologies, Inc. (NYSE:MIR – Get Free Report) was the target of some unusual options trading activity on Friday. Stock investors acquired 3,616 put options on the stock. This is an increase of approximately 51% compared to the average volume of 2,388 put options.
Wall Street Analysts Forecast Growth
MIR has been the subject of several recent analyst reports. The Goldman Sachs Group raised 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 raised their price target on Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Citigroup lowered their price objective on shares of Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Evercore ISI began coverage on shares of Mirion Technologies in a report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mirion Technologies in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Mirion Technologies currently has an average rating of “Buy” and a consensus target price of $28.29.
Check Out Our Latest Analysis on Mirion Technologies
Mirion Technologies Trading Up 10.1%
NYSE MIR traded up $2.45 during trading hours on Friday, hitting $26.71. 1,914,630 shares of the company’s stock were exchanged, compared to its average volume of 2,070,215. The business’s 50 day moving average is $25.09 and its 200-day moving average is $23.22. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.32 and a current ratio of 4.83. Mirion Technologies has a 12-month low of $12.00 and a 12-month high of $30.28. The firm has a market capitalization of $6.78 billion, a P/E ratio of 242.82 and a beta of 0.95.
Mirion Technologies (NYSE:MIR – Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $222.17 million. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $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 will post 0.39 EPS for the current fiscal year.
Insiders Place Their Bets
In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total value of $8,655,500.00. Following the completion of the transaction, the director owned 3,509,075 shares in the company, valued at approximately $86,779,424.75. This represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 6.30% of the company’s stock.
Hedge Funds Weigh In On Mirion Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in shares of Mirion Technologies during the 3rd quarter valued at about $25,000. Wolff Wiese Magana LLC bought a new position in shares of Mirion Technologies during the third quarter valued at approximately $26,000. Salomon & Ludwin LLC acquired a new stake in shares of Mirion Technologies during the 3rd quarter worth approximately $30,000. Fortress Investment Group LLC bought a new stake in shares of Mirion Technologies in the 2nd quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC grew 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 worth $35,000 after buying an additional 1,354 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.
Mirion Technologies Company Profile
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.