Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
Iridium Communications Inc (NASDAQ: IRDM) closed the day trading at $21.61 down -6.85% from the previous closing price of $23.20. In other words, the price has decreased by -$6.85 from its previous closing price. On the day, 6.42 million shares were traded. IRDM stock price reached its highest trading level at $23.0399 during the session, while it also had its lowest trading level at $19.92.
Ratios:
For a better understanding of IRDM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.68. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.73. In the meantime, Its Debt-to-Equity ratio is 3.13 whereas as Long-Term Debt/Eq ratio is at 3.07.
On January 24, 2025, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $40.
BWS Financial Downgraded its Buy to Neutral on February 16, 2024, while the target price for the stock was maintained at $30.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 18 ’25 when Olson Eric T sold 4,955 shares for $34.03 per share. The transaction valued at 168,619 led to the insider holds 137,557 shares of the business.
Morgan Kathleen A. sold 15,005 shares of IRDM for $503,868 on Feb 18 ’25. The CHIEF LEGAL OFFICER now owns 55,818 shares after completing the transaction at $33.58 per share. On Feb 18 ’25, another insider, Olson Eric T, who serves as the Director of the company, bought 4,955 shares for $34.03 each.
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 2584577792 and an Enterprise Value of 4238529536. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.79, and their Forward P/E ratio for the next fiscal year is 16.52. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.83 while its Price-to-Book (P/B) ratio in mrq is 4.14. Its current Enterprise Value per Revenue stands at 5.102 whereas that against EBITDA is 10.424.
Stock Price History:
The Beta on a monthly basis for IRDM is 0.79, which has changed by -0.26195353 over the last 52 weeks, in comparison to a change of 0.042615533 over the same period for the S&P500. Over the past 52 weeks, IRDM has reached a high of $35.85, while it has fallen to a 52-week low of $22.18. The 50-Day Moving Average of the stock is -22.86%, while the 200-Day Moving Average is calculated to be -24.04%.
Shares Statistics:
Over the past 3-months, IRDM traded about 1.36M shares per day on average, while over the past 10 days, IRDM traded about 1670260 shares per day. A total of 110.36M shares are outstanding, with a floating share count of 94.68M. Insiders hold about 12.92% of the company’s shares, while institutions hold 90.30% stake in the company. Shares short for IRDM as of 1743379200 were 9335025 with a Short Ratio of 6.86, compared to 1740700800 on 10238556. Therefore, it implies a Short% of Shares Outstanding of 9335025 and a Short% of Float of 13.100000000000001.
Dividends & Splits
IRDM’s forward annual dividend rate is 0.56, up from 0.0 a year ago. Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
As of right now, 1.0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $0.24, with high estimates of $0.24 and low estimates of $0.24.
Analysts are recommending an EPS of between $0.92 and $0.92 for the fiscal current year, implying an average EPS of $0.92. EPS for the following year is $1.54, with 3.0 analysts recommending between $1.79 and $1.05.
Revenue Estimates
5 analysts predict $213.98M in revenue for the current quarter. It ranges from a high estimate of $219.14M to a low estimate of $210.64M. As of the current estimate, Iridium Communications Inc’s year-ago sales were $201.07MFor the next quarter, 5 analysts are estimating revenue of $222.21M. There is a high estimate of $227.73M for the next quarter, whereas the lowest estimate is $217.03M.
A total of 7 analysts have provided revenue estimates for IRDM’s current fiscal year. The highest revenue estimate was $880.37M, while the lowest revenue estimate was $867.15M, resulting in an average revenue estimate of $874.06M. In the same quarter a year ago, actual revenue was $830.68MBased on 7 analysts’ estimates, the company’s revenue will be $904.35M in the next fiscal year. The high estimate is $932.6M and the low estimate is $876.21M.
