Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
After finishing at $27.20 in the prior trading day, Iridium Communications Inc (NASDAQ: IRDM) closed at $27.52, up 1.18%. In other words, the price has increased by $1.18 from its previous closing price. On the day, 0.71 million shares were traded. IRDM stock price reached its highest trading level at $28.0987 during the session, while it also had its lowest trading level at $27.47.
Ratios:
Our goal is to gain a better understanding of IRDM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.54. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 10 ’25 when FITZPATRICK THOMAS sold 12,500 shares for $28.53 per share. The transaction valued at 356,625 led to the insider holds 241,030 shares of the business.
THOMAS FITZPATRICK bought 12,500 shares of IRDM for $356,642 on Jan 10 ’25. On Jan 02 ’25, another insider, Last Timothy James, who serves as the EVP, Sales & Marketing of the company, sold 57 shares for $29.23 each. As a result, the insider received 1,666 and left with 30,034 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 3133096960 and an Enterprise Value of 4783768064. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.22, and their Forward P/E ratio for the next fiscal year is 27.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.86 while its Price-to-Book (P/B) ratio in mrq is 4.74. Its current Enterprise Value per Revenue stands at 5.888 whereas that against EBITDA is 11.905.
Stock Price History:
The Beta on a monthly basis for IRDM is 0.66, which has changed by -0.28608924 over the last 52 weeks, in comparison to a change of 0.22212577 over the same period for the S&P500. Over the past 52 weeks, IRDM has reached a high of $38.40, while it has fallen to a 52-week low of $24.14. The 50-Day Moving Average of the stock is -6.45%, while the 200-Day Moving Average is calculated to be -3.10%.
Shares Statistics:
The stock has traded on average 1.05M shares per day over the past 3-months and 701620 shares per day over the last 10 days, according to various share statistics. A total of 114.25M shares are outstanding, with a floating share count of 100.10M. Insiders hold about 12.07% of the company’s shares, while institutions hold 86.93% stake in the company. Shares short for IRDM as of 1735603200 were 7989466 with a Short Ratio of 7.61, compared to 1732838400 on 7700117. Therefore, it implies a Short% of Shares Outstanding of 7989466 and a Short% of Float of 8.1599995.
Dividends & Splits
In the trailing 12 months, IRDM’s forward annual dividend rate was 0.54, compared to 0.55 this year. Against a Trailing Annual Dividend Yield of 0.019852942
