Mirion Technologies, Inc. (MIR) has disclosed a new risk, in the Debt & Financing category.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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.