At the time of writing, Iridium Communications Inc [IRDM] stock is trading at $29.06, up 1.79%. 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 2.54% over the last week, with a monthly amount drifted -3.42%, and not 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.
For the past year, the stock price of Iridium Communications Inc fluctuated between $24.14 and $36.32. Iridium Communications Inc [NASDAQ: IRDM] shares were valued at $29.06 at the most recent close of the market.
Analyzing the IRDM fundamentals
According to Iridium Communications Inc [NASDAQ:IRDM], the company’s sales were 812.43M for trailing twelve months, which represents an 7.68% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.7.
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 28.52 points at the first support level, and at 27.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.49, and for the 2nd resistance point, it is at 29.91.
Ratios To Look Out For
It is important to note that Iridium Communications Inc [NASDAQ:IRDM] has a current ratio of 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 4.07, the price to book ratio is 5.00 and price to earnings (TTM) ratio is 30.85.
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.
