Iridium Communications Inc [IRDM] stock prices are up 5.47% to $31.02 at the moment. 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 12.60% over the last week, with a monthly amount glided 6.20%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Iridium Communications Inc [NASDAQ: IRDM] stock has seen the most recent analyst activity on January 24, 2025, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $40. Previously, BWS Financial downgraded its rating to Neutral on February 16, 2024, and kept the price target unchanged to $30. On February 15, 2024, downgrade downgraded it’s rating to Mkt Perform. Deutsche Bank upgraded its rating to a Buy but stick to its price target of $57 on September 18, 2023. Barclays upgraded its rating to a Overweight and reduced its price target to $65 on July 27, 2023. Deutsche Bank started tracking with a Hold rating for this stock on June 22, 2023, and assigned it a price target of $61. In a note dated October 19, 2022, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $48 to $45.
The stock price of Iridium Communications Inc [IRDM] has been fluctuating between $24.14 and $38.08 over the past year. Iridium Communications Inc [NASDAQ: IRDM] shares were valued at $31.02 at the most recent close of the market.
Analyzing the IRDM fundamentals
The Iridium Communications Inc [NASDAQ:IRDM] reported sales of 812.43M for trailing twelve months, representing a surge of 7.68%. Gross Profit Margin for this corporation currently stands at 0.6% 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 29.99 points at the first support level, and at 28.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.65, and for the 2nd resistance point, it is at 32.27.
Ratios To Look Out For
It’s worth pointing out that Iridium Communications Inc [NASDAQ:IRDM]’s Current Ratio 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 4.35, the price to book ratio is 5.34 and price to earnings (TTM) ratio is 32.93.
Transactions by insiders
Recent insider trading involved FITZPATRICK THOMAS, Director, that happened on Jan 10 ’25 when 12500.0 shares were sold. Director, THOMAS FITZPATRICK completed a deal on Jan 10 ’25 to buy 12500.0 shares. Meanwhile, EVP, Sales & Marketing Last Timothy James sold 57.0 shares on Jan 02 ’25.
