With 2.31 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.01 million shares. The 52-week range on MIR shows that it touched its highest point at $18.81 and its lowest point at $9.11 during that stretch. It currently has a 1-year price target of $20.00. Beta for the stock currently stands at 0.79.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MIR was down-trending over the past week, with a drop of -3.47%, but this was down by -14.23% over a month. Three-month performance dropped to -21.41% while six-month performance rose 44.59%. The stock gained 41.70% in the past year, while it has lost -18.80% so far this year. A look at the trailing 12-month EPS for MIR yields -0.18 with Next year EPS estimates of 0.57. For the next quarter, that number is 0.07. This implies an EPS growth rate of 13.62% for this year and 21.45% for next year.
Float and Shares Shorts:
At present, 225.92 million MIR shares are outstanding with a float of 215.58 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MIR since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.39325 being high and $0.38673 being low. For MIR, this leads to a yearly average estimate of $0.39054. Based on analyst estimates, the high estimate for the next quarter is $0.13 and the low estimate is $0.11. The average estimate for the next quarter is thus $0.11.
