Iridium Communications Inc (NASDAQ: IRDM) is -20.61% lower on its value in year-to-date trading and has touched a low of $19.91 and a high of $35.85 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 $21.57 in the last trading session, with the day’s gains setting it 1.47%.
Currently trading at $23.04, the stock is -6.61% and -17.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.16 million and changing 6.82% at the moment leaves the stock -18.89% off its SMA200. IRDM registered -18.04% loss for a year compared to 6-month loss of -22.50%. The firm has a 50-day simple moving average (SMA 50) of $27.7892 and a 200-day simple moving average (SMA200) of $28.4069.
The stock witnessed a -20.55% gain in the last 1 month and extending the period to 3 months gives it a -21.66%, and is -3.32% 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 7.79% over the week and 5.79% over the month.
Iridium Communications Inc (IRDM) has around 873 employees, a market worth around $2.49B and $841.71M in sales. Current P/E ratio is 21.64 and Fwd P/E is 17.68. Profit margin for the company is 14.68%. Distance from 52-week low is 15.73% and -35.73% from its 52-week high. The company has generated returns on investments over the last 12 months (5.38%).
with sales reaching $214.66M over the same period.The EPS is expected to grow by 12.55% this year, but quarterly earnings will post 5.27% year-over-year. Quarterly sales are estimated to grow 6.76% in year-over-year returns.
482.0 institutions hold shares in Iridium Communications Inc (IRDM), with institutional investors hold 106.23% of the company’s shares. The shares outstanding are 108.73M, and float is at 94.18M with Short Float at 9.91%. Institutions hold 93.12% of the Float.
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 9.7073 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 9.5681 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 3.5096 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).
