Iridium Communications Inc (IRDM) concluded trading on Thursday at a closing price of $31.99, with 4.36 million shares of worth about $139.5 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.14% during that period and on February 13, 2025 the price saw a gain of about 15.40%. Currently the company’s common shares owned by public are about 114.25M shares, out of which, 100.07M shares are available for trading.
Stock saw a price change of 11.97% in past 5 days and over the past one month there was a price change of 17.61%. Year-to-date (YTD), IRDM shares are showing a performance of 10.23% which decreased to -9.71% 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 $36.32 during that period. The average intraday trading volume for Iridium Communications Inc shares is 996.74K. The stock is currently trading 10.60% above its 20-day simple moving average (SMA20), while that difference is up 9.20% for SMA50 and it goes to 11.67% higher than SMA200.
Iridium Communications Inc (NASDAQ: IRDM) currently have 114.25M outstanding shares and institutions hold larger chunk of about 89.19% of that.
The stock has a current market capitalization of $3.64B and its 3Y-monthly beta is at 0.72. PE ratio of stock for trailing 12 months is 33.96, while it has posted earnings per share of $0.94 in the same period. Its PEG reads 4.15 and has Quick Ratio of 2.01 while making debt-to-equity ratio of 2.70. 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 4.14% while standing at 3.82% over the month.
Stock’s fiscal year EPS is expected to drop by -2.98% while it is estimated to increase by 25.82% 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 Cantor Fitzgerald on January 24, 2025 offering an Overweight rating for the stock and assigned a target price of $40 to it. Coverage by BWS Financial stated Iridium Communications Inc (IRDM) stock as a Neutral in their note to investors on February 16, 2024, suggesting a price target of $30 for the stock. On February 15, 2024, William Blair Downgrade their recommendations, while on September 18, 2023, Deutsche Bank Upgrade their ratings for the stock with a price target of $57. Stock get an Overweight rating from Barclays on July 27, 2023.
