A new trading day began on Tuesday, with Iridium Communications Inc (NASDAQ: IRDM) stock price up 2.34% from the previous day of trading, before settling in for the closing price of $25.23. IRDM’s price has ranged from $19.91 to $35.85 over the past 52 weeks.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 8.30%. Meanwhile, its annual earnings per share averaged 14.81%. With a float of $94.18 million, this company’s outstanding shares have now reached $108.73 million.
Let’s determine the extent of company efficiency that accounts for 873 employees. In terms of profitability, gross margin is 67.95%, operating margin of 25.07%, and the pretax margin is 13.96%.
Iridium Communications Inc (IRDM) Insider Activity
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 93.33%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 14.81% 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 1.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.32. Likewise, its price to free cash flow for the trailing twelve months is 9.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.06, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 1.33 in one year’s time.
Technical Analysis of Iridium Communications Inc (IRDM)
Looking closely at Iridium Communications Inc (NASDAQ: IRDM), its last 5-days average volume was 1.02 million, which is a drop from its year-to-date volume of 1.33 million. As of the previous 9 days, the stock’s Stochastic %D was 25.75%. Additionally, its Average True Range was 0.98.
During the past 100 days, Iridium Communications Inc’s (IRDM) raw stochastic average was set at 40.65%, which indicates a significant decrease from 53.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.10% in the past 14 days, which was lower than the 47.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.70, while its 200-day Moving Average is $28.26. However, in the short run, Iridium Communications Inc’s stock first resistance to watch stands at $26.22. Second resistance stands at $26.62. The third major resistance level sits at $27.18. If the price goes on to break the first support level at $25.26, it is likely to go to the next support level at $24.70. Should the price break the second support level, the third support level stands at $24.30.
Iridium Communications Inc (NASDAQ: IRDM) Key Stats
With a market capitalization of 2.79 billion, the company has a total of 108,160K Shares Outstanding. Currently, annual sales are 830,680 K while annual income is 112,780 K. The company’s previous quarter sales were 214,880 K while its latest quarter income was 30,410 K.
