Protecting data is the top priority for Iron Mountain, which has been keeping data and records safe for more than 70 years. Its stock has been a steady grower since it went public in 1997. Reflecting its continued growth, on Thursday the Relative Strength Rating for Iron Mountain stock rose to 71, up from 65 the day before.
The 71 RS Rating shows that Iron Mountain stock is performing better than 70% of all stocks on price performance. It's a good rating but still shy of the 80 RS Rating that CAN SLIM investors like to see when searching for the best stocks to buy and watch. See if Iron Mountain can continue to show renewed price strength and hit that benchmark.
Iron Mountain Stock Among Top Tier Overall
Among its other key ratings, Iron Mountain stock boasts an outstanding 91 Composite Rating out of 99. The 91 rating shows that the data protection company's stock is in the top 9% of stocks for top technical and fundamental metrics. It has a milder but still strong 81 Earnings Per Share Rating. Another bullish indicator is its B Accumulation/Distribution Rating on an A+ to E scale. The B rating shows that institutional investors like ETFs and insurance funds are fairly eager buyers of its stock.
Boston-based Iron Mountain provides records and data protection as well as information destruction services. The company says on its website that it serves more than 225,000 companies globally, including nearly all Fortune 1000 companies. Iron Mountain holds the No. 1 rank among its peers in the small Commercial Services-Document Management industry group. Ireland-based Cimpress is the only other company in the group.
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Slow But Steady Does The Trick
Iron Mountain stock is working on a consolidation pattern with a 58.71 entry. See if it can clear the breakout price in heavy volume. Its stock has soared 1,530% from the 3.19 low set in December 1997 shortly after it went public. And it's more than doubled from a 21 low in April 2020 during the Covid market crash. Thursday afternoon, Iron Mountain traded up fractionally at about 52.
The company reported 74 cents earnings per share last quarter, even with its EPS the same quarter a year earlier. It reported 5%, 7% and then 6% EPS growth the prior three quarters. Revenue rose 10% in its most recent quarter to $1.28 billion. Its sales were up 15%, 15% and 14% the three quarters before that.
The exclusive Relative Strength Rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
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