Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Iridium Communications Inc (NASDAQ: IRDM) closed at $27.65 up 0.22% from its previous closing price of $27.59. In other words, the price has increased by $0.22 from its previous closing price. On the day, 1.11 million shares were traded. IRDM stock price reached its highest trading level at $27.9 during the session, while it also had its lowest trading level at $27.17.
Ratios:
For a deeper understanding of Iridium Communications Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 32.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.83. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.73. In the meantime, Its Debt-to-Equity ratio is 3.13 whereas as Long-Term Debt/Eq ratio is at 3.07.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 18 ’25 when Olson Eric T sold 4,955 shares for $34.03 per share. The transaction valued at 168,619 led to the insider holds 137,557 shares of the business.
Morgan Kathleen A. sold 15,005 shares of IRDM for $503,868 on Feb 18 ’25. The CHIEF LEGAL OFFICER now owns 55,818 shares after completing the transaction at $33.58 per share. On Feb 18 ’25, another insider, Olson Eric T, who serves as the Director of the company, bought 4,955 shares for $34.03 each.
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 3009398272 and an Enterprise Value of 4722863616. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.15, and their Forward P/E ratio for the next fiscal year is 20.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.62 while its Price-to-Book (P/B) ratio in mrq is 5.29. Its current Enterprise Value per Revenue stands at 5.686 whereas that against EBITDA is 11.615.
Stock Price History:
The Beta on a monthly basis for IRDM is 0.65, which has changed by 0.056957245 over the last 52 weeks, in comparison to a change of 0.09589827 over the same period for the S&P500. Over the past 52 weeks, IRDM has reached a high of $35.85, while it has fallen to a 52-week low of $24.14. The 50-Day Moving Average of the stock is -6.41%, while the 200-Day Moving Average is calculated to be -3.46%.
Shares Statistics:
For the past three months, IRDM has traded an average of 1.18M shares per day and 1396050 over the past ten days. A total of 110.36M shares are outstanding, with a floating share count of 94.78M. Insiders hold about 12.92% of the company’s shares, while institutions hold 92.76% stake in the company. Shares short for IRDM as of 1740700800 were 10238556 with a Short Ratio of 8.70, compared to 1738281600 on 8432802. Therefore, it implies a Short% of Shares Outstanding of 10238556 and a Short% of Float of 11.020000000000001.
Dividends & Splits
According to the company, the forward annual dividend rate for IRDM is 0.56, from 0.55 in the trailing year. Against a Trailing Annual Dividend Yield of 0.02003643
