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As of close of business last night, Iridium Communications Inc’s stock clocked out at $27.10, up 2.03% from its previous closing price of $26.56. In other words, the price has increased by $2.03 from its previous closing price. On the day, 1.27 million shares were traded. IRDM stock price reached its highest trading level at $27.13 during the session, while it also had its lowest trading level at $26.07.
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 50.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.52. 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:
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 3208179456 and an Enterprise Value of 4811317248. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.55, and their Forward P/E ratio for the next fiscal year is 26.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.02 while its Price-to-Book (P/B) ratio in mrq is 4.08. Its current Enterprise Value per Revenue stands at 6.035 whereas that against EBITDA is 11.048.
Stock Price History:
Over the past 52 weeks, IRDM has reached a high of $51.62, while it has fallen to a 52-week low of $24.14. The 50-Day Moving Average of the stock is 0.93%, while the 200-Day Moving Average is calculated to be -11.60%.
Shares Statistics:
It appears that IRDM traded 1.02M shares on average per day over the past three months and 1113650 shares per day over the past ten 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 1723680000 were 4542050 with a Short Ratio of 4.47, compared to 1721001600 on 4574876. Therefore, it implies a Short% of Shares Outstanding of 4542050 and a Short% of Float of 4.4299997.
Dividends & Splits
With its trailing 12-month dividend rate of 0.53, IRDM has a forward annual dividend rate of 0.53. Against a Trailing Annual Dividend Yield of 0.01995482
