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In the latest session, Iridium Communications Inc (NASDAQ: IRDM) closed at $29.49 down -0.14% from its previous closing price of $29.53. In other words, the price has decreased by -$0.14 from its previous closing price. On the day, 0.8 million shares were traded. IRDM stock price reached its highest trading level at $29.87 during the session, while it also had its lowest trading level at $29.235.
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 54.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.62. 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 3491114752 and an Enterprise Value of 5094251520. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.86, and their Forward P/E ratio for the next fiscal year is 28.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.38 while its Price-to-Book (P/B) ratio in mrq is 4.44. Its current Enterprise Value per Revenue stands at 6.39 whereas that against EBITDA is 11.697.
Stock Price History:
Over the past 52 weeks, IRDM has reached a high of $48.11, while it has fallen to a 52-week low of $24.14. The 50-Day Moving Average of the stock is 8.33%, while the 200-Day Moving Average is calculated to be -2.13%.
Shares Statistics:
For the past three months, IRDM has traded an average of 1.05M shares per day and 1339370 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 84.01% stake in the company. Shares short for IRDM as of 1724976000 were 5101989 with a Short Ratio of 6.12, compared to 1722384000 on 4621548. Therefore, it implies a Short% of Shares Outstanding of 5101989 and a Short% of Float of 4.9799999999999995.
Dividends & Splits
According to the company, the forward annual dividend rate for IRDM is 0.54, from 0.53 in the trailing year. Against a Trailing Annual Dividend Yield of 0.017947849
Earnings Estimates
The market rating of Iridium Communications Inc (IRDM) is currently shaped by the ongoing analysis conducted by 6.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.18, with high estimates of $0.22 and low estimates of $0.16.
Analysts are recommending an EPS of between $0.93 and $0.75 for the fiscal current year, implying an average EPS of $0.81. EPS for the following year is $0.98, with 5.0 analysts recommending between $1.37 and $0.77.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $206.18M this quarter.It ranges from a high estimate of $208.4M to a low estimate of $204.7M. As of the current estimate, Iridium Communications Inc’s year-ago sales were $197.6MFor the next quarter, 5 analysts are estimating revenue of $202.49M. There is a high estimate of $203.99M for the next quarter, whereas the lowest estimate is $199.72M.
A total of 7 analysts have provided revenue estimates for IRDM’s current fiscal year. The highest revenue estimate was $821.55M, while the lowest revenue estimate was $810.16M, resulting in an average revenue estimate of $815.07M. In the same quarter a year ago, actual revenue was $790.72MBased on 6 analysts’ estimates, the company’s revenue will be $837.78M in the next fiscal year. The high estimate is $873.95M and the low estimate is $810.08M.
