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In the latest session, Iridium Communications Inc (NASDAQ: IRDM) closed at $26.11 down -1.58% from its previous closing price of $26.53. In other words, the price has decreased by -$1.58 from its previous closing price. On the day, 0.52 million shares were traded. IRDM stock price reached its highest trading level at $27.0 during the session, while it also had its lowest trading level at $26.08.
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 48.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.06. 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:
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 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 3140693760 and an Enterprise Value of 4694118400. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.17, and their Forward P/E ratio for the next fiscal year is 25.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.88 while its Price-to-Book (P/B) ratio in mrq is 3.93. Its current Enterprise Value per Revenue stands at 5.888 whereas that against EBITDA is 10.779.
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 -2.36%, while the 200-Day Moving Average is calculated to be -16.40%.
Shares Statistics:
For the past three months, IRDM has traded an average of 1.01M shares per day and 834170 over the past ten days. A total of 122.78M shares are outstanding, with a floating share count of 104.61M. Insiders hold about 11.64% of the company’s shares, while institutions hold 83.98% stake in the company. Shares short for IRDM as of 1722384000 were 4621548 with a Short Ratio of 4.58, compared to 1719532800 on 4537320. Therefore, it implies a Short% of Shares Outstanding of 4621548 and a Short% of Float of 4.5100003.
Dividends & Splits
According to the company, the forward annual dividend rate for IRDM is 0.53, from 0.53 in the trailing year. Against a Trailing Annual Dividend Yield of 0.019977383
