In recent trading session, Iridium Communications Inc (NASDAQ:IRDM) saw 0.58 million shares changing hands at last check today with its beta currently measuring 0.80. Company’s recent per share price level of $22.81 trading at $1.24 or 5.75% at last check today assigns it a market valuation of $2.47B. That most recent trading price of IRDM’s stock is at a discount of -57.17% from its 52-week high price of $35.85 and is indicating a premium of 12.71% from its 52-week low price of $19.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.78 million shares which gives us an average trading volume of 1.46 million if we extend that period to 3-months.
For Iridium Communications Inc (IRDM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.30. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 11 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.2 in the current quarter.
Iridium Communications Inc (NASDAQ:IRDM) trade information
Upright in the green today for gaining 5.75%, in the last five days IRDM remained trading in the red while hitting it’s week-highest on Thursday, 04/17/25 when the stock touched $22.81 price level, adding 7.13% to its value on the day. Iridium Communications Inc’s shares saw a change of -21.40% in year-to-date performance and have moved -4.28% in past 5-day. Iridium Communications Inc (NASDAQ:IRDM) showed a performance of -21.34% in past 30-days. Number of shares sold short was 9.34 million shares which calculate 6.62 days to cover the short interests.
Iridium Communications Inc (IRDM) estimates and forecasts
This year revenue growth is estimated to rise 5.27% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 214.66M for the same. And 6 analysts are in estimates of company making revenue of 223.45M in the next quarter. Company posted 201.07M and 212.77M of sales in current and next quarters respectively a year earlier.
In 2025, company’s earnings growth rate is likely to be around 12.55% while estimates for its earnings growth in next 5 years are of 16.98%.
Iridium Communications Inc (NASDAQ:IRDM)’s Major holders
Insiders are in possession of 12.34% of company’s total shares while institution are holding 93.12 percent of that, with stock having share float percentage of 106.23%. Investors also watch the number of corporate investors in a company very closely, which is 93.12% institutions for Iridium Communications Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at IRDM for having 11.71 million shares of worth $311.67 million. And as of 2024-06-30, it was holding 9.7073 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 11.54 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.5681 of outstanding shares, having a total worth of $307.2 million.
On the other hand, BARON INVESTMENT Fd.S TRT -BARON GROWTH Fd. and iShares Trust-iShares Core S&P Mid-Cap ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 6.85 shares of worth $156.42 million or 6.30% of the total outstanding shares. The later fund manager was in possession of 3.55 shares on Mar 31, 2025 , making its stake of worth around $81.06 million in the company or a holder of 3.26% of company’s stock.
