Iridium Communications Inc (IRDM) concluded trading on Thursday at a closing price of $33.57, with 3.51 million shares of worth about $117.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.82% during that period and on October 17, 2024 the price saw a gain of about 11.16%. Currently the company’s common shares owned by public are about 122.78M shares, out of which, 104.62M shares are available for trading.
Stock saw a price change of 13.91% in past 5 days and over the past one month there was a price change of 22.38%. Year-to-date (YTD), IRDM shares are showing a performance of -18.44% which decreased to -23.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.14 but also hit the highest price of $44.63 during that period. The average intraday trading volume for Iridium Communications Inc shares is 1.05 million. The stock is currently trading 11.01% above its 20-day simple moving average (SMA20), while that difference is up 18.92% for SMA50 and it goes to 14.64% higher than SMA200.
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Iridium Communications Inc (NASDAQ: IRDM) currently have 122.78M outstanding shares and institutions hold larger chunk of about 83.80% of that.
The stock has a current market capitalization of $3.97B and its 3Y-monthly beta is at 0.64. PE ratio of stock for trailing 12 months is 46.51, while it has posted earnings per share of $0.72 in the same period. It has Quick Ratio of 1.52 while making debt-to-equity ratio of 2.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IRDM, volatility over the week remained 5.35% while standing at 3.75% over the month.
Stock’s fiscal year EPS is expected to rise by 582.32% while it is estimated to increase by 26.62% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BWS Financial on February 16, 2024 offering a Neutral rating for the stock and assigned a target price of $30 to it. On September 18, 2023, Deutsche Bank Upgrade their recommendations, while on July 27, 2023, Barclays Upgrade their ratings for the stock with a price target of $65. Stock get a Hold rating from Deutsche Bank on June 22, 2023.
