After finishing at $28.80 in the prior trading day, Iridium Communications Inc (NASDAQ: IRDM) closed at $27.32, down -5.14%. In other words, the price has decreased by -$1.35 from its previous closing price. On the day, 976347 shares were traded.
Ratios:
Our goal is to gain a better understanding of IRDM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 46.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.86. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 2.06. In the meantime, Its Debt-to-Equity ratio is 1.69 whereas as Long-Term Debt/Eq ratio is at 1.67.
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 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 3.35B and an Enterprise Value of 4.76B. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 211.78, and their Forward P/E ratio for the next fiscal year is 33.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.23 while its Price-to-Book (P/B) ratio in mrq is 3.78. Its current Enterprise Value per Revenue stands at 6.02 whereas that against EBITDA is 11.73.
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 $27.89. The 50-Day Moving Average of the stock is 33.64, while the 200-Day Moving Average is calculated to be 44.50.
Shares Statistics:
The stock has traded on average 968.89K shares per day over the past 3-months and 1.29M shares per day over the last 10 days, according to various share statistics. A total of 122.78M shares are outstanding, with a floating share count of 108.82M. Insiders hold about 11.13% of the company’s shares, while institutions hold 83.35% stake in the company. Shares short for IRDM as of Feb 29, 2024 were 2.67M with a Short Ratio of 2.76, compared to 2.69M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.18% and a Short% of Float of 3.39%.
Dividends & Splits
In the trailing 12 months, IRDM’s forward annual dividend rate was 0.52, compared to 0.65 this year. Against a Trailing Annual Dividend Yield of 1.81%, it implies a Forward Annual Dividend Yield of 1.90%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of $0.15 for the current quarter, with a high estimate of $0.19 and a low estimate of $0.12, while EPS last year was $0.08. The consensus estimate for the next quarter is $0.18, with high estimates of $0.26 and low estimates of $0.13.
Analysts are recommending an EPS of between $0.99 and $0.55 for the fiscal current year, implying an average EPS of $0.74. EPS for the following year is $0.82, with 5 analysts recommending between $1.24 and $0.24.
Revenue Estimates
5 analysts predict $193.75M in revenue for the current quarter. It ranges from a high estimate of $199.19M to a low estimate of $188.68M. As of the current estimate, Iridium Communications Inc’s year-ago sales were $205.27M, an estimated decrease of -5.60% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $200.68M, an increase of 3.90% over than the figure of -$5.60% in the same quarter last year. There is a high estimate of $206.74M for the next quarter, whereas the lowest estimate is $189.56M.
A total of 7 analysts have provided revenue estimates for IRDM’s current fiscal year. The highest revenue estimate was $814.39M, while the lowest revenue estimate was $776.92M, resulting in an average revenue estimate of $799.3M. In the same quarter a year ago, actual revenue was $790.72M, up 1.10% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $812.19M in the next fiscal year. The high estimate is $838.76M and the low estimate is $783.84M. The average revenue growth estimate for next year is up 1.60% from the average revenue estimate for this year.
