Iridium Communications Inc [IRDM] stock prices are up 2.87% to $29.00 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The IRDM shares have gain 5.99% over the last week, with a monthly amount drifted -7.73%, 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.
The stock price of Iridium Communications Inc [IRDM] has been fluctuating between $24.14 and $35.85 over the past year. Iridium Communications Inc [NASDAQ: IRDM] shares were valued at $29.00 at the most recent close of the market.
Analyzing the IRDM fundamentals
The Iridium Communications Inc [NASDAQ:IRDM] reported sales of 830.68M for trailing twelve months, representing a surge of 9.37%. 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 0.16 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.11.
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 28.39 points at the first support level, and at 27.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.36, and for the 2nd resistance point, it is at 29.73.
Ratios To Look Out For
It’s worth pointing out that Iridium Communications Inc [NASDAQ:IRDM]’s Current Ratio is 1.73. As well, the Quick Ratio is 1.25, while the Cash Ratio is 0.55. Considering the valuation of this stock, the price to sales ratio is 3.80, the price to book ratio is 5.55 and price to earnings (TTM) ratio is 30.58.
Transactions by insiders
Recent insider trading involved Olson Eric T, Director, that happened on Feb 18 ’25 when 4955.0 shares were sold. CHIEF LEGAL OFFICER, Morgan Kathleen A. completed a deal on Feb 18 ’25 to sell 15005.0 shares. Meanwhile, Director Olson Eric T bought 4955.0 shares on Feb 18 ’25.
