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The price of Iridium Communications Inc (NASDAQ: IRDM) closed at $30.30 in the last session, up 2.09% from day before closing price of $29.68. In other words, the price has increased by $2.09 from its previous closing price. On the day, 1.01 million shares were traded. IRDM stock price reached its highest trading level at $30.595 during the session, while it also had its lowest trading level at $29.6852.
Ratios:
We take a closer look at IRDM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.61. For the most recent quarter (mrq), Quick Ratio is recorded 2.01 and its Current Ratio is at 2.62. In the meantime, Its Debt-to-Equity ratio is 2.70 whereas as Long-Term Debt/Eq ratio is at 2.68.
Deutsche Bank Upgraded its Hold to Buy on September 18, 2023, while the target price for the stock was maintained at $57.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 04 ’24 when McBride Suzanne E. sold 4,420 shares for $29.48 per share. The transaction valued at 130,302 led to the insider holds 182,797 shares of the business.
McBride Suzanne E. bought 4,420 shares of IRDM for $129,550 on Nov 04 ’24. On Oct 23 ’24, another insider, NIEHAUS ROBERT H, who serves as the Director of the company, sold 38,355 shares for $29.39 each. As a result, the insider received 1,127,253 and left with 254,824 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 3449594368 and an Enterprise Value of 5100264960. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.17, and their Forward P/E ratio for the next fiscal year is 29.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.25 while its Price-to-Book (P/B) ratio in mrq is 5.22. Its current Enterprise Value per Revenue stands at 6.278 whereas that against EBITDA is 12.693.
Stock Price History:
Over the past 52 weeks, IRDM has reached a high of $41.66, while it has fallen to a 52-week low of $24.14. The 50-Day Moving Average of the stock is 4.42%, while the 200-Day Moving Average is calculated to be 5.68%.
Shares Statistics:
According to the various share statistics, IRDM traded on average about 1.08M shares per day over the past 3-months and 980610 shares per day over the past 10 days. A total of 122.78M shares are outstanding, with a floating share count of 100.71M. Insiders hold about 11.54% of the company’s shares, while institutions hold 89.27% stake in the company. Shares short for IRDM as of 1728950400 were 6632403 with a Short Ratio of 6.14, compared to 1726185600 on 6444941. Therefore, it implies a Short% of Shares Outstanding of 6632403 and a Short% of Float of 6.77.
Dividends & Splits
The forward annual dividend rate for IRDM is 0.54, which was 0.54 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.01819407
