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Iridium Communications Inc (NASDAQ: IRDM) closed the day trading at $28.55 up 0.60% from the previous closing price of $28.38. In other words, the price has increased by $0.60 from its previous closing price. On the day, 1.56 million shares were traded. IRDM stock price reached its highest trading level at $29.26 during the session, while it also had its lowest trading level at $28.42.
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 20.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.94. 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Cantor Fitzgerald on January 24, 2025, initiated with a Overweight rating and assigned the stock a target price of $40.
On February 16, 2024, BWS Financial Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $30.
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 Jan 10 ’25 when FITZPATRICK THOMAS sold 12,500 shares for $28.53 per share. The transaction valued at 356,625 led to the insider holds 241,030 shares of the business.
THOMAS FITZPATRICK bought 12,500 shares of IRDM for $356,642 on Jan 10 ’25. On Jan 02 ’25, another insider, Last Timothy James, who serves as the EVP, Sales & Marketing of the company, sold 57 shares for $29.23 each. As a result, the insider received 1,666 and left with 30,034 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 3250360320 and an Enterprise Value of 4901031424. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.31, and their Forward P/E ratio for the next fiscal year is 28.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.00 while its Price-to-Book (P/B) ratio in mrq is 4.91. Its current Enterprise Value per Revenue stands at 6.033 whereas that against EBITDA is 12.197.
Stock Price History:
The Beta on a monthly basis for IRDM is 0.72, which has changed by -0.15661216 over the last 52 weeks, in comparison to a change of 0.2000997 over the same period for the S&P500. Over the past 52 weeks, IRDM has reached a high of $36.32, while it has fallen to a 52-week low of $24.14. The 50-Day Moving Average of the stock is -2.72%, while the 200-Day Moving Average is calculated to be -0.33%.
Shares Statistics:
Over the past 3-months, IRDM traded about 952.79K shares per day on average, while over the past 10 days, IRDM traded about 1071570 shares per day. A total of 114.25M shares are outstanding, with a floating share count of 100.07M. Insiders hold about 12.10% of the company’s shares, while institutions hold 87.14% stake in the company. Shares short for IRDM as of 1736899200 were 8227954 with a Short Ratio of 8.64, compared to 1734048000 on 8643284. Therefore, it implies a Short% of Shares Outstanding of 8227954 and a Short% of Float of 8.4.
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 0.019027485
Earnings Estimates
Iridium Communications Inc (IRDM) is presently subject to a detailed evaluation by 2.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is $0.26, with high estimates of $0.33 and low estimates of $0.19.
Analysts are recommending an EPS of between $1.21 and $0.81 for the fiscal current year, implying an average EPS of $1.01. EPS for the following year is $1.18, with 2.0 analysts recommending between $1.36 and $1.0.
Revenue Estimates
7 analysts predict $204.1M in revenue for the current quarter. It ranges from a high estimate of $207.23M to a low estimate of $198.6M. As of the current estimate, Iridium Communications Inc’s year-ago sales were $194.74MFor the next quarter, 7 analysts are estimating revenue of $208.93M. There is a high estimate of $214.7M for the next quarter, whereas the lowest estimate is $206.54M.
A total of 8 analysts have provided revenue estimates for IRDM’s current fiscal year. The highest revenue estimate was $824.92M, while the lowest revenue estimate was $816.29M, resulting in an average revenue estimate of $822M. In the same quarter a year ago, actual revenue was $790.72MBased on 8 analysts’ estimates, the company’s revenue will be $849.63M in the next fiscal year. The high estimate is $870.8M and the low estimate is $839.37M.
