Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Iridium Communications Inc (NASDAQ: IRDM) was $29.28 for the day, up 1.88% from the previous closing price of $28.74. In other words, the price has increased by $1.88 from its previous closing price. On the day, 1.91 million shares were traded. IRDM stock price reached its highest trading level at $29.46 during the session, while it also had its lowest trading level at $28.52.
Ratios:
Our analysis of IRDM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.10. For the most recent quarter (mrq), Quick Ratio is recorded 2.52 and its Current Ratio is at 3.33. In the meantime, Its Debt-to-Equity ratio is 1.88 whereas as Long-Term Debt/Eq ratio is at 1.86.
Deutsche Bank Upgraded its Hold to Buy on September 18, 2023, while the target price for the stock was maintained at $57.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 06 ’24 when Harman Jane L. sold 3,798 shares for $28.41 per share. The transaction valued at 107,901 led to the insider holds 60,517 shares of the business.
DESCH MATTHEW J bought 28,000 shares of IRDM for $1,036,280 on Nov 20 ’23. The Chief Executive Officer now owns 706,912 shares after completing the transaction at $37.01 per share. On May 03 ’23, another insider, Hartin Bryan J., who serves as the EVP-Sales and Marketing of the company, sold 27,835 shares for $64.80 each. As a result, the insider received 1,803,708 and left with 65,101 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IRDM now has a Market Capitalization of 3555441152 and an Enterprise Value of 5000722944. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 138.37, and their Forward P/E ratio for the next fiscal year is 32.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.50 while its Price-to-Book (P/B) ratio in mrq is 4.17. Its current Enterprise Value per Revenue stands at 6.336 whereas that against EBITDA is 12.434.
Stock Price History:
Over the past 52 weeks, IRDM has reached a high of $68.34, while it has fallen to a 52-week low of $24.14. The 50-Day Moving Average of the stock is 5.81%, while the 200-Day Moving Average is calculated to be -26.20%.
Shares Statistics:
IRDM traded an average of 1.24M shares per day over the past three months and 1452280 shares per day over the past ten days. A total of 122.78M shares are outstanding, with a floating share count of 108.28M. Insiders hold about 10.83% of the company’s shares, while institutions hold 85.64% stake in the company. Shares short for IRDM as of 1711584000 were 3588259 with a Short Ratio of 2.88, compared to 1709164800 on 2672160. Therefore, it implies a Short% of Shares Outstanding of 3588259 and a Short% of Float of 3.39.
Dividends & Splits
With its trailing 12-month dividend rate of 0.52, IRDM has a forward annual dividend rate of 0.52. Against a Trailing Annual Dividend Yield of 0.018093249
