Mirion Technologies Stock Today

MIR Stock  USD 11.39  0.30  2.71%   

Performance

5 of 100

 
Low
 
High
Modest

Odds Of Distress

Less than 29

 
100  
 
Zero
Below Average
Mirion Technologies is selling at 11.39 as of the 28th of March 2024; that is 2.71 percent up since the beginning of the trading day. The stock's lowest day price was 11.14. Mirion Technologies has about a 29 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Mirion Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
20th of August 2020
Category
Industrials
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, and Japan. Mirion Technologies, Inc. The company has 218.64 M outstanding shares of which 5.93 M shares are now shorted by investors with about 4.51 days to cover. More on Mirion Technologies

Moving together with Mirion Stock

  0.65HI Hillenbrand Financial Report 13th of May 2024 PairCorr

Moving against Mirion Stock

  0.52NMHI Natures Miracle HoldingPairCorr
  0.42ATS ATS CorporationPairCorr
Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

Mirion Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Mirion Technologies' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mirion Technologies or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO, DirectorHermes Chan
Thematic IdeaMeasuring and Control Equipment (View all Themes)
Business ConcentrationIndustrial Machinery & Supplies & Components, Specialty Industrial Machinery, Industrials, NYSE Composite, WSE WIG INDEX, Australia All Ordinaries, Measuring and Control Equipment, Industrials, Machinery, Specialty Industrial Machinery, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Mirion Technologies report their recommendations after researching Mirion Technologies' financial statements, talking to executives and customers, or listening in on Mirion Technologies' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Mirion Technologies. The Mirion consensus assessment is calculated by taking the average forecast from all of the analysts covering Mirion Technologies.
Financial Strength
Based on the key indicators related to Mirion Technologies' liquidity, profitability, solvency, and operating efficiency, Mirion Technologies may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Mirion Technologies is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.350.2867
Fairly Up
Slightly volatile
Gross Profit Margin0.410.3
Significantly Up
Slightly volatile
Total Current Liabilities295 M280.9 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total749.2 M921.7 M
Significantly Down
Slightly volatile
Total Assets3.3 B3.1 B
Sufficiently Up
Slightly volatile
Total Current Assets580.3 M552.7 M
Sufficiently Up
Slightly volatile
Mirion Technologies' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Mirion Technologies' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Mirion Technologies' financial leverage. It provides some insight into what part of Mirion Technologies' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Mirion Technologies' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Mirion Technologies deploys its capital and how much of that capital is borrowed.
Liquidity
Mirion Technologies cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 849.6 M in debt with debt to equity (D/E) ratio of 0.54, which is OK given its current industry classification. Mirion Technologies has a current ratio of 1.94, which is typical for the industry and considered as normal. Debt can assist Mirion Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, Mirion Technologies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Mirion Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mirion to invest in growth at high rates of return. When we think about Mirion Technologies' use of debt, we should always consider it together with cash and equity.

Change To Account Receivables

(16.5 Million)
Mirion Technologies (MIR) is traded on New York Stock Exchange in USA. It is located in 1218 Menlo Drive, Atlanta, GA, United States, 30318 and employs 3,000 people. Mirion Technologies is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 2.51 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Mirion Technologies's market, we take the total number of its shares issued and multiply it by Mirion Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Mirion Technologies runs under Machinery sector within Industrials industry. The entity has 218.64 M outstanding shares of which 5.93 M shares are now shorted by investors with about 4.51 days to cover. Mirion Technologies has about 73.5 M in cash with 39.4 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.31.
Check Mirion Technologies Probability Of Bankruptcy
Ownership Allocation
Mirion Technologies maintains a total of 218.64 Million outstanding shares. The majority of Mirion Technologies outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Mirion Technologies to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Mirion Technologies. Please pay attention to any change in the institutional holdings of Mirion Technologies as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Mirion Ownership Details

Mirion Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Mirion Technologies jumping above the current price in 90 days from now is near 1%. The Mirion Technologies probability density function shows the probability of Mirion Technologies stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Mirion Technologies has a beta of 0.261. This indicates as returns on the market go up, Mirion Technologies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mirion Technologies will be expected to be much smaller as well. Additionally, mirion Technologies has an alpha of 0.1054, implying that it can generate a 0.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 11.39HorizonTargetOdds Above 11.39
99.93%90 days
 11.39 
0.07%
Based on a normal probability distribution, the odds of Mirion Technologies to move above the current price in 90 days from now is near 1 (This Mirion Technologies probability density function shows the probability of Mirion Stock to fall within a particular range of prices over 90 days) .

Mirion Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Mirion Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Mirion Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Mirion Technologies' value.
InstituionRecorded OnShares
Dimensional Fund Advisors, Inc.2023-12-31
3.7 M
Arrowmark Colorado Holdings, Llc (arrowmark Partners)2023-12-31
3.6 M
Kohlberg Kravis Roberts & Co Lp2023-12-31
3.4 M
Corsair Capital Management Llc2023-12-31
2.3 M
Select Equity Group Lp2023-12-31
2.2 M
American Century Companies Inc2023-12-31
M
First Manhattan Co. Llc2023-12-31
1.8 M
Northern Trust Corp2023-12-31
1.7 M
Lord, Abbett & Co Llc2023-12-31
1.7 M
Goldman Sachs Group Inc2023-12-31
69.6 M
Vanguard Group Inc2023-12-31
21.1 M
View Mirion Technologies Diagnostics

Mirion Technologies Historical Income Statement

Mirion Technologies Income Statement is one of the three primary financial statements used for reporting Mirion's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Mirion Technologies revenue and expense. Mirion Technologies Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Mirion Technologies' Total Operating Expenses is relatively stable compared to the past year. View More Fundamentals

Mirion Stock Against Markets

Picking the right benchmark for Mirion Technologies stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Mirion Technologies stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Mirion Technologies is critical whether you are bullish or bearish towards Mirion Technologies at a given time. Please also check how Mirion Technologies' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mirion Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Mirion Technologies Corporate Directors

Mirion Technologies corporate directors refer to members of a Mirion Technologies board of directors. The board of directors generally takes responsibility for the Mirion Technologies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Mirion Technologies' board members must vote for the resolution. The Mirion Technologies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Mirion Stock?

Before investing in Mirion Technologies, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Mirion Technologies. To buy Mirion Technologies stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Mirion Technologies. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Mirion Technologies stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Mirion Technologies stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Mirion Technologies stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Mirion Technologies, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Mirion Stock please use our How to Invest in Mirion Technologies guide.

Already Invested in Mirion Technologies?

The danger of trading Mirion Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mirion Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mirion Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mirion Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Mirion Technologies is a strong investment it is important to analyze Mirion Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mirion Technologies' future performance. For an informed investment choice regarding Mirion Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mirion Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in Mirion Stock, please use our How to Invest in Mirion Technologies guide.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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When running Mirion Technologies' price analysis, check to measure Mirion Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mirion Technologies is operating at the current time. Most of Mirion Technologies' value examination focuses on studying past and present price action to predict the probability of Mirion Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirion Technologies' price. Additionally, you may evaluate how the addition of Mirion Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Mirion Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mirion Technologies. If investors know Mirion will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mirion Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.49)
Revenue Per Share
4.079
Quarterly Revenue Growth
0.057
Return On Assets
(0)
Return On Equity
(0.07)
The market value of Mirion Technologies is measured differently than its book value, which is the value of Mirion that is recorded on the company's balance sheet. Investors also form their own opinion of Mirion Technologies' value that differs from its market value or its book value, called intrinsic value, which is Mirion Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mirion Technologies' market value can be influenced by many factors that don't directly affect Mirion Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mirion Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mirion Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mirion Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.