Currently, there are 110.36M common shares owned by the public and among those 94.68M shares have been available to trade.
The company’s stock has a 5-day price change of -11.14% and -26.32% over the past three months. IRDM shares are trading -25.53% year to date (YTD), with the 12-month market performance down to -17.08% lower. It has a 12-month low price of $22.18 and touched a high of $35.85 over the same period. IRDM has an average intraday trading volume of 1.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -14.81%, -22.86%, and -24.04% respectively.
Institutional ownership of Iridium Communications Inc (NASDAQ: IRDM) shares accounts for 90.30% of the company’s 110.36M shares outstanding.
It has a market capitalization of $2.35B and a beta (3y monthly) value of 0.79. The stock’s trailing 12-month PE ratio is 22.79, while the earnings-per-share (ttm) stands at $0.95. The company has a PEG of 1.27 and a Quick Ratio of 1.25 with the debt-to-equity ratio at 3.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.83% over the week and 5.29% over the month.
Earnings per share for the fiscal year are expected to increase by 7.85%, and 29.03% over the next financial year.
Cantor Fitzgerald coverage for the Iridium Communications Inc (IRDM) stock in a research note released on January 24, 2025 offered a Overweight rating with a price target of $40. Deutsche Bank on their part issued Buy rating on September 18, 2023.
