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The price of Iridium Communications Inc (NASDAQ: IRDM) closed at $31.61 in the last session, up 0.96% from day before closing price of $31.31. In other words, the price has increased by $0.96 from its previous closing price. On the day, 1.48 million shares were traded. IRDM stock price reached its highest trading level at $31.9 during the session, while it also had its lowest trading level at $31.215.
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 58.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.60. For the most recent quarter (mrq), Quick Ratio is recorded 1.52 and its Current Ratio is at 2.25. In the meantime, Its Debt-to-Equity ratio is 2.10 whereas as Long-Term Debt/Eq ratio is at 2.08.
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 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 3742086656 and an Enterprise Value of 5345222656. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.79, and their Forward P/E ratio for the next fiscal year is 30.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.69 while its Price-to-Book (P/B) ratio in mrq is 4.76. Its current Enterprise Value per Revenue stands at 6.704 whereas that against EBITDA is 12.274.
Stock Price History:
Over the past 52 weeks, IRDM has reached a high of $45.07, while it has fallen to a 52-week low of $24.14. The 50-Day Moving Average of the stock is 14.08%, while the 200-Day Moving Average is calculated to be 5.91%.
Shares Statistics:
According to the various share statistics, IRDM traded on average about 994.64K shares per day over the past 3-months and 1246360 shares per day over the past 10 days. A total of 122.78M shares are outstanding, with a floating share count of 104.62M. Insiders hold about 11.62% of the company’s shares, while institutions hold 83.99% stake in the company. Shares short for IRDM as of 1726185600 were 6444941 with a Short Ratio of 6.48, compared to 1723680000 on 4542050. Therefore, it implies a Short% of Shares Outstanding of 6444941 and a Short% of Float of 6.29.
Dividends & Splits
The forward annual dividend rate for IRDM is 0.54, which was 0.53 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.0169275
