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Iridium Communications Inc (IRDM)
NASDAQ:IRDM

Iridium Communications (IRDM) Stock Price & Analysis

939 Followers

IRDM Stock Chart & Stats

Day’s Range$0 - $0
52-Week Range$24.14 - $65.32
Previous Close$28.74
Volume1.74M
Average Volume (3M)1.25M
Market Cap
$3.49B
Enterprise Value$4.92B
Total Cash (Recent Filing)$174.03M
Total Debt (Recent Filing)$1.60B
Price to Earnings (P/E)135.8
Beta0.55
Jul 23, 2024
Dividend Yield1.81%
Share Statistics
EPS (TTM)0.21
Shares Outstanding121,428,519
10 Day Avg. Volume1,443,667
30 Day Avg. Volume1,254,210
Standard Deviation0.11
R-Squared0.17
Alpha-0.00396
Financial Highlights & Ratios
Price to Book (P/B)4.29
Price to Sales (P/S)4.50
Price to Cash Flow (P/CF)12.20
P/FCF Ratio12.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.64
Enterprise Value/Gross Profit7.78
Enterprise Value/Ebitda10.53
Forecast
Price Target Upside22.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5

Bulls Say, Bears Say

Bulls Say
EarningsIridium Communications experienced a notable increase in equipment revenue, contributing to total revenue surpassing analyst expectations.
Financial PerformanceA rise in the average revenue per user has been recorded by Iridium Communications, indicating enhanced profitability from its customer base.
PartnershipsIridium Communications has secured a two-year agreement with a significant Internet of Things partner, ensuring steady revenue streams for the company.
Bears Say
Company OutlookIRDM's management has remained cautious as to how big this revenue line could be for the full year.
Financial HealthThe ability to generate free cash flow, a past driver of higher stock valuation, could be at risk.
Market CompetitionStarlink as a competitor into IRDM’s market has credible level of threat to IRDM’s existing customer base.
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Financials

Annual

Ownership Overview

19.41%40.51%29.79%10.29%
19.41% Insiders
29.79% Other Institutional Investors
10.29% Public Companies and
Individual Investors

Risk Analysis

Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy

Website Traffic

Sorry, No Data Available
There is no website visitor data available for this stock.
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IRDM FAQ

What was Iridium Communications Inc’s price range in the past 12 months?
Iridium Communications Inc lowest stock price was $24.14 and its highest was $65.32 in the past 12 months.
    What is Iridium Communications Inc’s market cap?
    Currently, no data Available
    When is Iridium Communications Inc’s upcoming earnings report date?
    Iridium Communications Inc’s upcoming earnings report date is Jul 23, 2024 which is in 88 days.
      How were Iridium Communications Inc’s earnings last quarter?
      Iridium Communications Inc released its earnings results on Apr 18, 2024. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.131 by $0.029.
        Is Iridium Communications Inc overvalued?
        According to Wall Street analysts Iridium Communications Inc’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
          Does Iridium Communications Inc pay dividends?
          Iridium Communications Inc pays a Quarterly dividend of $0.13 which represents an annual dividend yield of 1.81%. See more information on Iridium Communications Inc dividends here
            What is Iridium Communications Inc’s EPS estimate?
            Iridium Communications Inc’s EPS estimate is $0.17.
              How many shares outstanding does Iridium Communications Inc have?
              Iridium Communications Inc has 121,428,520 shares outstanding.
                What happened to Iridium Communications Inc’s price movement after its last earnings report?
                Iridium Communications Inc reported an EPS of $0.16 in its last earnings report, beating expectations of $0.131. Following the earnings report the stock price went up 5.463%.
                  Which hedge fund is a major shareholder of Iridium Communications Inc?
                  Among the largest hedge funds holding Iridium Communications Inc’s share is ARK Investment Management LLC. It holds Iridium Communications Inc’s shares valued at 89M.
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                    Company Description

                    Iridium Communications Inc

                    Iridium Communications, Inc. is a mobile voice and data satellite communications network. Its satellite network provides communication where terrestrial wireless or wireline networks do not exist or are limited. The company's principal lines of business include Land Mobile, Maritime, Aviation, and Government. The Land Mobile business engages in the provision of mobile satellite communications services to the land mobile sector, providing handset services to areas not served or inconsistently served by existing terrestrial communications networks. The Maritime business provides broadband terminals, embedded devices and handsets. Its market space includes merchant shipping, fishing, research vessels and specialized water craft. The Aviation business provides mobile satellite communications services to the aviation sector. Its services are used in commercial and global government aviation applications, principally by corporate jets, corporate and government helicopter fleets, specialized general aviation fleets, such as medevac companies and fire suppression fleets, and high-end personal aircraft. The Government business line involves in the provision of mobile satellite communications services to the U.S. government, principally the Department of Defense. Its voice products are used for a variety of primary and backup communications solutions, including tactical operations, logistical, administrative, morale and welfare, and emergency communications. The firm's commercial services include: Postpaid Mobile Voice and Data Satellite Communications, Prepaid Mobile Voice Satellite Communications, Iridium PTT, Broadband Data, and Machine-to-Machine services. Iridium Communications was founded on November 2, 2007 and is headquartered in McLean, VA.
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                    IRDM Earnings Call

                    Q1 2024
                    0:00 / 0:00
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                    IRDM Revenue Breakdown

                    60.51%60.51%13.41%13.30%12.79%
                    60.51% Commercial service revenue
                    13.41% Government service revenue
                    13.30% Subscriber equipment
                    12.79% Engineering and support services
                    tipranks
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                    IRDM Stock 12 Months Forecast

                    Average Price Target

                    $36.33
                    ▲(22.36% Upside)
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                    Best Analysts Covering IRDM

                    1 Year
                    Ric PrentissRaymond James
                    1 Year Success Rate
                    31/39 ratings generated profit
                    79%
                    1 Year Average Return
                    +34.54%
                    reiterated a buy rating 6 months ago
                    Copying Ric Prentiss's trades and holding each position for 1 Year would result in 79.49% of your transactions generating a profit, with an average return of +34.54% per trade.
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