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In the latest session, Iridium Communications Inc (NASDAQ: IRDM) closed at $27.32 down -4.44% from its previous closing price of $28.59. In other words, the price has decreased by -$4.44 from its previous closing price. On the day, 0.96 million shares were traded. IRDM stock price reached its highest trading level at $28.66 during the session, while it also had its lowest trading level at $27.16.
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 19.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.47. 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:
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 Nov 04 ’24 when McBride Suzanne E. sold 4,420 shares for $29.48 per share. The transaction valued at 130,302 led to the insider holds 182,797 shares of the business.
McBride Suzanne E. bought 4,420 shares of IRDM for $129,550 on Nov 04 ’24. On Oct 23 ’24, another insider, NIEHAUS ROBERT H, who serves as the Director of the company, sold 38,355 shares for $29.39 each. As a result, the insider received 1,127,253 and left with 254,824 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 3110327296 and an Enterprise Value of 4905585152. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.01, and their Forward P/E ratio for the next fiscal year is 26.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.83 while its Price-to-Book (P/B) ratio in mrq is 4.70. Its current Enterprise Value per Revenue stands at 6.038 whereas that against EBITDA is 12.208.
Stock Price History:
Over the past 52 weeks, IRDM has reached a high of $41.66, while it has fallen to a 52-week low of $24.14. The 50-Day Moving Average of the stock is -7.29%, while the 200-Day Moving Average is calculated to be -3.66%.
Shares Statistics:
For the past three months, IRDM has traded an average of 1.12M shares per day and 1066100 over the past ten days. A total of 122.78M shares are outstanding, with a floating share count of 100.19M. Insiders hold about 11.99% of the company’s shares, while institutions hold 86.92% stake in the company. Shares short for IRDM as of 1730332800 were 7053202 with a Short Ratio of 6.29, compared to 1727654400 on 6213546. Therefore, it implies a Short% of Shares Outstanding of 7053202 and a Short% of Float of 7.199999999999999.
Dividends & Splits
According to the company, the forward annual dividend rate for IRDM is 0.54, from 0.54 in the trailing year. Against a Trailing Annual Dividend Yield of 0.018887723
