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Iridium Communications Inc (NASDAQ: IRDM) closed the day trading at $29.75 up 2.48% from the previous closing price of $29.03. In other words, the price has increased by $2.48 from its previous closing price. On the day, 1.18 million shares were traded. IRDM stock price reached its highest trading level at $30.014 during the session, while it also had its lowest trading level at $29.1.
Ratios:
For a better understanding of IRDM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.40. 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 Oct 23 ’24 when NIEHAUS ROBERT H sold 38,355 shares for $29.39 per share. The transaction valued at 1,127,253 led to the insider holds 254,824 shares of the business.
NIEHAUS ROBERT H bought 38,355 shares of IRDM for $1,112,295 on Oct 23 ’24. On Mar 06 ’24, another insider, Harman Jane L., who serves as the Director of the company, sold 3,798 shares for $28.41 each. As a result, the insider received 107,901 and left with 60,517 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 3521894144 and an Enterprise Value of 5037648384. As of this moment, Iridium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.59, and their Forward P/E ratio for the next fiscal year is 29.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.17 while its Price-to-Book (P/B) ratio in mrq is 5.12. Its current Enterprise Value per Revenue stands at 6.201 whereas that against EBITDA is 12.537.
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 4.02%, while the 200-Day Moving Average is calculated to be 2.75%.
Shares Statistics:
Over the past 3-months, IRDM traded about 1.09M shares per day on average, while over the past 10 days, IRDM traded about 1676290 shares per day. A total of 122.78M shares are outstanding, with a floating share count of 100.61M. Insiders hold about 11.63% of the company’s shares, while institutions hold 87.35% stake in the company. Shares short for IRDM as of 1728950400 were 6632403 with a Short Ratio of 6.07, compared to 1726185600 on 6444941. Therefore, it implies a Short% of Shares Outstanding of 6632403 and a Short% of Float of 6.77.
Dividends & Splits
IRDM’s forward annual dividend rate is 0.54, up from 0.54 a year ago. Against a Trailing Annual Dividend Yield of 0.018601447
