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Iridium Communications Inc (NASDAQ: IRDM) closed the day trading at $28.88 up 0.35% from the previous closing price of $28.78. In other words, the price has increased by $0.35 from its previous closing price. On the day, 0.62 million shares were traded. IRDM stock price reached its highest trading level at $28.95 during the session, while it also had its lowest trading level at $28.24.
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 20.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.06. 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:
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 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 3287930112 and an Enterprise Value of 4976170496. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.66, and their Forward P/E ratio for the next fiscal year is 28.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.05 while its Price-to-Book (P/B) ratio in mrq is 4.97. Its current Enterprise Value per Revenue stands at 6.125 whereas that against EBITDA is 12.384.
Stock Price History:
Over the past 52 weeks, IRDM has reached a high of $41.63, while it has fallen to a 52-week low of $24.14. The 50-Day Moving Average of the stock is -2.74%, while the 200-Day Moving Average is calculated to be 2.20%.
Shares Statistics:
Over the past 3-months, IRDM traded about 1.09M shares per day on average, while over the past 10 days, IRDM traded about 1031000 shares per day. A total of 114.25M shares are outstanding, with a floating share count of 100.22M. Insiders hold about 11.97% of the company’s shares, while institutions hold 86.91% stake in the company. Shares short for IRDM as of 1732838400 were 7700117 with a Short Ratio of 7.95, compared to 1730332800 on 7053202. Therefore, it implies a Short% of Shares Outstanding of 7700117 and a Short% of Float of 7.8600004000000006.
Dividends & Splits
IRDM’s forward annual dividend rate is 0.55, up from 0.54 a year ago. Against a Trailing Annual Dividend Yield of 0.01876303
