Taking the lead: Iridium Communications Inc (IRDM)

With 0.88 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.72 million shares. The 52-week range on IRDM shows that it touched its highest point at $68.34 and its lowest point at $33.56 during that stretch. It currently has a 1-year price target of $57.23. With its current market cap of 4.26 billion, IRDM has annualized dividend of $0.35 while the current yield stands at 1.01%. Beta for the stock currently stands at 0.92.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IRDM was down-trending over the past week, with a drop of -4.33%, but this was down by -11.54% over a month. Three-month performance dropped to -8.67% while six-month performance fell -31.00%. The stock lost -41.87% in the past year, while it has lost -16.35% so far this year. A look at the trailing 12-month EPS for IRDM yields -0.19 with Next year EPS estimates of 0.27. For the next quarter, that number is 0.02. This implies an EPS growth rate of -292.26% for this year and 300.49% for next year.

Float and Shares Shorts:

At present, 125.90 million IRDM shares are outstanding with a float of 110.66 million shares on hand for trading. On Jan 11, 2024, short shares totaled 2.67 million, which was 2.15% higher than short shares on Dec 14, 2023. In addition to Mr. Matthew J. Desch as the firm’s CEO & Director, Mr. Thomas J. Fitzpatrick serves as its CFO, Chief Administrative Officer & Director.


Institutional Ownership:

Through their ownership of 84.35% of IRDM’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IRDM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With IRDM analysts setting a high price target of $75.00 and a low target of $45.00, the average target price over the next 12 months is $57.23. Based on these targets, IRDM could surge 117.83% to reach the target high and rise by 30.7% to reach the target low. Reaching the average price target will result in a growth of 66.22% from current levels.


Dividends & Yield:

In terms of dividends, IRDM has a current ratio of $0.52, which is $0.52 over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and IRDM currently yields $1.51. In the past year, IRDM’s dividend yield has been $1.51, but when looking at the stock over the past five years, its yield has been $–. Accordingly, IRDM has a current buyback yield of $4.75. This was $4.75 for the TTM, and it was $– for the past five years.

Summary of Insider Activity:

Insiders traded IRDM stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 56 while that of sell transactions has risen to 64 over the past year. The total number of shares bought during that period was 714,721 while 548,842 shares were sold.