Mirion Technologies, Inc. (MIR) has disclosed a new risk, in the Debt & Financing category.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The conditional conversion feature of Mirion Technologies, Inc.’s Convertible Notes poses a significant financial risk. If triggered, note holders may convert their notes, potentially requiring the company to fulfill conversion obligations with cash payments, thereby impacting liquidity. Furthermore, accounting rules could necessitate reclassifying these notes as current liabilities, leading to a substantial decrease in net working capital. This scenario could adversely affect Mirion Technologies’ financial condition and operating results.
The average MIR stock price target is $28.50, implying -1.83% downside potential.
To learn more about Mirion Technologies, Inc.’s risk factors, click here.