Iridium Communications Inc (NASDAQ: IRDM) is 4.41% higher on its value in year-to-date trading and has touched a low of $24.14 and a high of $35.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IRDM stock was last observed hovering at around $30.59 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $30.30, the stock is -1.10% and 2.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing -0.95% at the moment leaves the stock 5.53% off its SMA200. IRDM registered 3.38% gain for a year compared to 6-month gain of 11.23%.
The stock witnessed a 6.13% loss in the last 1 month and extending the period to 3 months gives it a -0.75%, and is -5.70% 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 2.72% over the week and 3.49% over the month.
Iridium Communications Inc (IRDM) has around 873 employees, a market worth around $3.30B and $830.68M in sales. Current P/E ratio is 31.95 and Fwd P/E is 22.63. Profit margin for the company is 13.58%. Distance from 52-week low is 25.52% and -15.48% from its 52-week high. The company has generated returns on investments over the last 12 months (4.81%).
with sales reaching $211.78M over the same period.The EPS is expected to grow by 9.36% this year, but quarterly earnings will post 5.01% year-over-year. Quarterly sales are estimated to grow 3.89% in year-over-year returns.
The shares outstanding are 110.36M, and float is at 95.68M with Short Float at 9.92%.
The top institutional shareholder in the company is BLACKROCK INC. with over 11.71 million shares valued at $311.67 million. The investor’s holdings represent 9.5071 of the IRDM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.54 million shares valued at $307.2 million to account for 9.3708 of the shares outstanding. The other top investors are BAMCO INC /NY/ which holds 11.18 million shares representing 9.2717 and valued at over $297.69 million, while STATE STREET CORP holds 3.4373 of the shares totaling 4.23 million with a market value of $112.68 million.
Iridium Communications Inc (IRDM) Insider Activity
The most recent transaction is an insider sale by Olson Eric T, the company’s Director. SEC filings show that Olson Eric T sold 4,955 shares of the company’s common stock on Feb 18 ’25 at a price of $34.03 per share for a total of $0.17 million. Following the sale, the insider now owns 0.14 million shares.
Iridium Communications Inc disclosed in a document filed with the SEC on Feb 18 ’25 that Morgan Kathleen A. (CHIEF LEGAL OFFICER) sold a total of 15,005 shares of the company’s common stock. The trade occurred on Feb 18 ’25 and was made at $33.58 per share for $0.5 million. Following the transaction, the insider now directly holds 55818.0 shares of the IRDM stock.
Still, SEC filings show that on Feb 18 ’25, Olson Eric T (Director) Proposed Sale 4,955 shares at an average price of $34.03 for $0.17 million. The insider now directly holds shares of Iridium Communications Inc (IRDM).
