The stock of Iridium Communications Inc (IRDM) has seen a -1.20% decrease in the past week, with a -3.70% drop in the past month, and a -3.86% decrease in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 3.29% for IRDM. The simple moving average for the last 20 days is -3.63% for IRDM stock, with a simple moving average of 2.20% for the last 200 days.
Is It Worth Investing in Iridium Communications Inc (NASDAQ: IRDM) Right Now?
The price-to-earnings ratio for Iridium Communications Inc (NASDAQ: IRDM) is 30.66x, which is above its average ratio. Moreover, the 36-month beta value for IRDM is 0.65. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for IRDM is 100.22M and currently, short sellers hold a 8.62% of that float. On December 27, 2024, IRDM’s average trading volume was 1.09M shares.
IRDM) stock’s latest price update
Iridium Communications Inc (NASDAQ: IRDM)’s stock price has increased by 0.35 compared to its previous closing price of 28.78. However, the company has seen a -1.20% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-12-26 that The Zacks Satellite and Communication industry players, GSAT, GILT and IRDM, are likely to benefit from higher global connectivity needs and government deals in 2025.
Analysts’ Opinion of IRDM
Many brokerage firms have already submitted their reports for IRDM stocks, with BWS Financial repeating the rating for IRDM by listing it as a “Neutral.” The predicted price for IRDM in the upcoming period, according to BWS Financial is $30 based on the research report published on February 16, 2024 of the current year 2024.
Deutsche Bank gave a rating of “Buy” to IRDM, setting the target price at $57 in the report published on September 18th of the previous year.
IRDM Trading at -2.74% from the 50-Day Moving Average
After a stumble in the market that brought IRDM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.64% of loss for the given period.
Volatility was left at 3.29%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares sank -0.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.96% lower at present.
During the last 5 trading sessions, IRDM fell by -1.20%, which changed the moving average for the period of 200-days by +1.48% in comparison to the 20-day moving average, which settled at $29.97. In addition, Iridium Communications Inc saw -29.83% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IRDM starting from McBride Suzanne E., who sale 4,420 shares at the price of $29.48 back on Nov 04 ’24. After this action, McBride Suzanne E. now owns 182,797 shares of Iridium Communications Inc, valued at $130,302 using the latest closing price.
McBride Suzanne E., the INSIDER of Iridium Communications Inc, proposed sale 4,420 shares at $29.31 during a trade that took place back on Nov 04 ’24, which means that McBride Suzanne E. is holding shares at $129,550 based on the most recent closing price.
Stock Fundamentals for IRDM
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.6 for the gross margin
The net margin for Iridium Communications Inc stands at 0.14. The total capital return value is set at 0.07. Equity return is now at value 14.41, with 4.19 for asset returns.
Based on Iridium Communications Inc (IRDM), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 2.7. The interest coverage ratio of the stock is 2.22.
Currently, EBITDA for the company is 380.07 million with net debt to EBITDA at 4.06. When we switch over and look at the enterprise to sales, we see a ratio of 6.06. The receivables turnover for the company is 8.42for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.62.
Conclusion
To wrap up, the performance of Iridium Communications Inc (IRDM) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
