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As of close of business last night, Iridium Communications Inc’s stock clocked out at $29.73, down -5.92% from its previous closing price of $31.60. In other words, the price has decreased by -$5.92 from its previous closing price. On the day, 1.64 million shares were traded. IRDM stock price reached its highest trading level at $31.698 during the session, while it also had its lowest trading level at $29.69.
Ratios:
To gain a deeper understanding of IRDM’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.39. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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.
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 3519526656 and an Enterprise Value of 5248266752. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.56, and their Forward P/E ratio for the next fiscal year is 30.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.17 while its Price-to-Book (P/B) ratio in mrq is 5.12. Its current Enterprise Value per Revenue stands at 6.46 whereas that against EBITDA is 13.061.
Stock Price History:
Over the past 52 weeks, IRDM has reached a high of $42.38, while it has fallen to a 52-week low of $24.14. The 50-Day Moving Average of the stock is 4.78%, while the 200-Day Moving Average is calculated to be 1.83%.
Shares Statistics:
It appears that IRDM traded 1.10M shares on average per day over the past three months and 1414170 shares per day over the past ten days. A total of 122.78M shares are outstanding, with a floating share count of 100.61M. Insiders hold about 11.63% of the company’s shares, while institutions hold 87.23% stake in the company. Shares short for IRDM as of 1727654400 were 6213546 with a Short Ratio of 5.63, compared to 1724976000 on 5101989. Therefore, it implies a Short% of Shares Outstanding of 6213546 and a Short% of Float of 6.0599998.
Dividends & Splits
With its trailing 12-month dividend rate of 0.54, IRDM has a forward annual dividend rate of 0.54. Against a Trailing Annual Dividend Yield of 0.017088609
