A share price of Iridium Communications Inc [IRDM] is currently trading at $29.64, down -0.39%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IRDM shares have gain 2.58% over the last week, with a monthly amount drifted -2.68%, and not 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.
Iridium Communications Inc experienced fluctuations in its stock price throughout the past year between $24.14 and $41.66. Iridium Communications Inc [NASDAQ: IRDM] shares were valued at $29.64 at the most recent close of the market.
Analyzing the IRDM fundamentals
Trailing Twelve Months sales for Iridium Communications Inc [NASDAQ:IRDM] were 812.43M which represents 7.68% growth. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.14 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.7.
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 29.28 points at the first support level, and at 28.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.94, and for the 2nd resistance point, it is at 30.24.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Iridium Communications Inc [NASDAQ:IRDM] is 2.62. Also, the Quick Ratio is 2.01, while the Cash Ratio stands at 1.18. Considering the valuation of this stock, the price to sales ratio is 4.15, the price to book ratio is 5.10 and price to earnings (TTM) ratio is 31.46.
Transactions by insiders
Recent insider trading involved NIEHAUS ROBERT H, Director, that happened on Oct 23 ’24 when 38355.0 shares were sold. Director, NIEHAUS ROBERT H completed a deal on Oct 23 ’24 to buy 38355.0 shares. Meanwhile, Director Harman Jane L. sold 3798.0 shares on Mar 06 ’24.
