Iridium Communications Inc (NASDAQ: IRDM) is -1.59% 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 $27.76 in the last trading session, with the day’s gains setting it 0.8%.
Currently trading at $28.56, the stock is 9.80% and 13.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing 2.88% at the moment leaves the stock 1.29% off its SMA200. IRDM registered -2.56% loss for a year compared to 6-month loss of -6.79%. The firm has a 50-day simple moving average (SMA 50) of $25.1952 and a 200-day simple moving average (SMA200) of $28.195.
The stock witnessed a 9.80% gain in the last 1 month and extending the period to 3 months gives it a -4.00%, and is 10.40% up 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 1.89% over the week and 2.27% over the month.
Iridium Communications Inc (IRDM) has around 873 employees, a market worth around $3.09B and $841.71M in sales. Current P/E ratio is 26.82 and Fwd P/E is 21.43. Profit margin for the company is 14.68%. Distance from 52-week low is 43.46% and -20.33% from its 52-week high. The company has generated returns on investments over the last 12 months (5.38%).
The EPS is expected to grow by 14.81% this year.
Iridium Communications Inc (IRDM) Top Institutional Holders
493.0 institutions hold shares in Iridium Communications Inc (IRDM), with institutional investors hold 109.07% of the company’s shares. The shares outstanding are 108.73M, and float is at 94.20M with Short Float at 8.21%. Institutions hold 95.63% 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 Kapalka Timothy, the company’s CAO IRIDIUM SATELLITE LLC. SEC filings show that Kapalka Timothy sold 1,922 shares of the company’s common stock on Jun 03 ’25 at a price of $26.08 per share for a total of $50126.0. Following the sale, the insider now owns 39737.0 shares.
Iridium Communications Inc disclosed in a document filed with the SEC on Feb 18 ’25 that Olson Eric T (Director) sold a total of 4,955 shares of the company’s common stock. The trade occurred on Feb 18 ’25 and was made at $34.03 per share for $0.17 million. Following the transaction, the insider now directly holds 0.14 million shares of the IRDM stock.
Still, SEC filings show that on Feb 18 ’25, Morgan Kathleen A. (CHIEF LEGAL OFFICER) disposed off 15,005 shares at an average price of $33.58 for $0.5 million. The insider now directly holds 55,818 shares of Iridium Communications Inc (IRDM).
