Iridium Communications Inc (IRDM) Review – Making Smarter Decisions

Iridium Communications Inc (NASDAQ: IRDM) is -16.35% lower on its value in year-to-date trading and has touched a low of $33.56 and a high of $68.34 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IRDM stock was last observed hovering at around $33.65 in the last trading session, with the day’s gains setting it 0.78%.

Currently trading at $34.43, the stock is -6.15% and -10.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing 2.32% at the moment leaves the stock -29.07% off its SMA200. IRDM registered -41.87% loss for a year compared to 6-month loss of -31.00%. The firm has a 50-day simple moving average (SMA 50) of $7.20 and a 200-day simple moving average (SMA200) of $14.37.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

The stock witnessed a -11.54% gain in the last 1 month and extending the period to 3 months gives it a -8.67%, and is -4.33% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.17% over the week and 2.59% over the month.

Iridium Communications Inc (IRDM) has around 663 employees, a market worth around $4.26B and $789.82M in sales. Fwd P/E is 127.60. Profit margin for the company is -2.96%. Distance from 52-week low is 2.59% and -49.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.98%).

Iridium Communications Inc quarterly earnings per share for the current quarter are estimated at $0.03 with sales reaching $194.03M over the same period.The EPS is expected to shrink by -292.26% this year, but quarterly earnings will post 9.70% year-over-year. Quarterly sales are estimated to grow 0.10% in year-over-year returns.

473 institutions hold shares in Iridium Communications Inc (IRDM), with institutional investors hold 85.84% of the company’s shares. The shares outstanding are 125.90M, and float is at 110.66M with Short Float at 2.41%. Institutions hold 84.35% of the Float.

The top institutional shareholder in the company is BAMCO Inc. with over 14.52 million shares valued at $902.26 million. The investor’s holdings represent 11.73% of the IRDM Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 12.02 million shares valued at $746.65 million to account for 9.70% of the shares outstanding. The other top investors are Blackrock Inc. which holds 11.61 million shares representing 9.38% and valued at over $721.51 million, while Capital International Investors holds 6.25% of the shares totaling 7.74 million with a market value of $480.51 million.

Iridium Communications Inc (IRDM) Insider Activity

A total of 17 insider transactions have happened at Iridium Communications Inc (IRDM) in the last six months, with sales accounting for 8 and purchases happening 9 times. The most recent transaction is an insider purchase by DESCH MATTHEW J, the company’s Chief Executive Officer. SEC filings show that DESCH MATTHEW J bought 28,000 shares of the company’s common stock on Nov 20 at a price of $37.01 per share for a total of $1.04 million. Following the purchase, the insider now owns 0.71 million shares.

Iridium Communications Inc disclosed in a document filed with the SEC on May 03 that Hartin Bryan J. (EVP-Sales and Marketing) sold a total of 27,835 shares of the company’s common stock. The trade occurred on May 03 and was made at $64.80 per share for $1.8 million. Following the transaction, the insider now directly holds 65101.0 shares of the IRDM stock.

Still, SEC filings show that on May 01, NIEHAUS ROBERT H (Director) disposed off 55,776 shares at an average price of $63.69 for $3.55 million. The insider now directly holds 246,874 shares of Iridium Communications Inc (IRDM).

Iridium Communications Inc (IRDM): Who are the competitors?

One of the company’s main competitors (and peers) include Gogo Inc. (GOGO) that is trading -37.14% down over the past 12 months.Boeing Co. (BA) lies in the list of competitors of the Iridium Communications Inc and is -1.72% lower over the same period from IRDMGlobalstar Inc. (GSAT) is 34.15% up on the 1-year trading charts.