Mirion Technologies (NYSE:MIR) Trading 9.7% Higher – What’s Next?

Mirion Technologies, Inc. (NYSE:MIR) shares traded up 9.7% on Friday . The company traded as high as $27.10 and last traded at $26.6150. 1,044,178 shares traded hands during 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 research firms recently issued reports on MIR. Citigroup reduced their target price on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Mirion Technologies in a report on Wednesday, October 8th. Evercore ISI assumed coverage on Mirion Technologies in a research note on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on Mirion Technologies from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Mirion Technologies has an average rating of “Buy” and a consensus target price of $28.29.

Mirion Technologies Stock Performance

The company’s fifty day moving average price is $25.09 and its two-hundred day moving average price 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. The firm has a market capitalization of $6.70 billion, a PE ratio of 240.61 and a beta of 0.95.

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

Insider Buying and Selling at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 350,000 shares of Mirion Technologies 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 transaction, the director owned 3,509,075 shares in the company, valued at approximately $86,779,424.75. This trade represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Mirion Technologies by 258.2% during the 1st quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock worth $1,433,000 after purchasing an additional 71,241 shares during the period. AQR Capital Management LLC lifted its position in Mirion Technologies by 124.3% during the first quarter. AQR Capital Management LLC now owns 199,211 shares of the company’s stock valued at $2,889,000 after buying an additional 110,399 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Mirion Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,962 shares of the company’s stock worth $1,783,000 after buying an additional 5,366 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Mirion Technologies by 8.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 434,583 shares of the company’s stock worth $6,301,000 after acquiring an additional 34,973 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Mirion Technologies by 38.0% in the 1st quarter. Intech Investment Management LLC now owns 127,952 shares of the company’s stock valued at $1,855,000 after acquiring an additional 35,218 shares during the period. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

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.