At the time of writing, Iridium Communications Inc [IRDM] stock is trading at $29.22, up 4.81%. An important factor to consider is whether the stock is rising or falling in short-term value. The IRDM shares have gain 8.34% over the last week, with a monthly amount glided 9.23%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Iridium Communications Inc [NASDAQ: IRDM] stock has seen the most recent analyst activity on February 16, 2024, when BWS Financial downgraded its rating to a Neutral but kept the price target unchanged to $30 for it. Previously, William Blair downgraded its rating to Mkt Perform on February 15, 2024. On September 18, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $57 on the stock. Barclays upgraded its rating to a Overweight and decreased its price target to $65 on July 27, 2023. Deutsche Bank initiated its recommendation with a Hold and recommended $61 as its price target on June 22, 2023. Barclays downgraded its rating to Equal Weight for this stock on October 19, 2022, and downed its price target to $45. In a note dated February 22, 2022, Barclays upgraded an Overweight rating on this stock but restated the target price of $47.
For the past year, the stock price of Iridium Communications Inc fluctuated between $24.14 and $51.13. Iridium Communications Inc [NASDAQ: IRDM] shares were valued at $29.22 at the most recent close of the market.
Analyzing the IRDM fundamentals
According to Iridium Communications Inc [NASDAQ:IRDM], the company’s sales were 797.26M for trailing twelve months, which represents an 4.12% jump. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.1 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.1.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 28.43 points at the first support level, and at 27.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.80, and for the 2nd resistance point, it is at 30.37.
Ratios To Look Out For
It is important to note that Iridium Communications Inc [NASDAQ:IRDM] has a current ratio of 2.25. On the other hand, the Quick Ratio is 1.52, and the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 4.34, the price to book ratio is 4.40 and price to earnings (TTM) ratio is 40.48.
Transactions by insiders
Recent insider trading involved Harman Jane L., Director, that happened on Mar 06 ’24 when 3798.0 shares were sold. Chief Executive Officer, DESCH MATTHEW J completed a deal on Nov 20 ’23 to buy 28000.0 shares.
