A new trading day began on Friday, with Iridium Communications Inc (NASDAQ: IRDM) stock price down -6.58% from the previous day of trading, before settling in for the closing price of $29.48. IRDM’s price has ranged from $24.14 to $35.85 over the past 52 weeks.
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Annual sales at Communication Services sector company grew by 8.30% over the past five years. Meanwhile, its annual earnings per share averaged 8.44%. With a float of $94.78 million, this company’s outstanding shares have now reached $110.36 million.
Let’s look at the performance matrix of the company that is accounted for 873 employees. In terms of profitability, gross margin is 60.14%, operating margin of 24.12%, and the pretax margin is 13.22%.
Iridium Communications Inc (IRDM) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Telecom Services Industry. The insider ownership of Iridium Communications Inc is 12.92%, while institutional ownership is 92.74%. The most recent insider transaction that took place on Feb 18 ’25, was worth 168,619. In this transaction Director of this company sold 4,955 shares at a rate of $34.03, taking the stock ownership to the 137,557 shares. Before that another transaction happened on Feb 18 ’25, when Company’s CHIEF LEGAL OFFICER sold 15,005 for $33.58, making the entire transaction worth $503,868. This insider now owns 55,818 shares in total.
Iridium Communications Inc (IRDM) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 8.44% per share during the next fiscal year.
Iridium Communications Inc (NASDAQ: IRDM) Trading Performance Indicators
Here are Iridium Communications Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.61. Likewise, its price to free cash flow for the trailing twelve months is 9.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.95, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 1.33 in one year’s time.
Technical Analysis of Iridium Communications Inc (IRDM)
Iridium Communications Inc (NASDAQ: IRDM) saw its 5-day average volume 1.37 million, a positive change from its year-to-date volume of 1.27 million. As of the previous 9 days, the stock’s Stochastic %D was 61.86%. Additionally, its Average True Range was 1.06.
During the past 100 days, Iridium Communications Inc’s (IRDM) raw stochastic average was set at 12.64%, which indicates a significant decrease from 28.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.42% in the past 14 days, which was higher than the 42.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.44, while its 200-day Moving Average is $28.60. Nevertheless, the first resistance level for the watch stands at $29.01 in the near term. At $30.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $31.23. If the price goes on to break the first support level at $26.79, it is likely to go to the next support level at $26.05. The third support level lies at $24.57 if the price breaches the second support level.
Iridium Communications Inc (NASDAQ: IRDM) Key Stats
With a market capitalization of 3.00 billion, the company has a total of 108,839K Shares Outstanding. Currently, annual sales are 830,680 K while annual income is 112,780 K. The company’s previous quarter sales were 212,990 K while its latest quarter income was 36,340 K.
