During the last session, Iridium Communications Inc (NASDAQ:IRDM)’s traded shares were 1.21 million, with the beta value of the company hitting 0.75. At the end of the trading day, the stock’s price was $26.31, reflecting an intraday gain of 0.23% or $0.06. The 52-week high for the IRDM share is $35.85, that puts it down -36.26 from that peak though still a striking 24.33% gain since the share price plummeted to a 52-week low of $19.91. The company’s market capitalization is $2.85B, and the average trade volume was 1.51 million shares over the past three months.
Iridium Communications Inc (IRDM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.27. IRDM has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 11 recommend a Buy rating for it.
Iridium Communications Inc (NASDAQ:IRDM) trade information
Iridium Communications Inc (IRDM) registered a 0.23% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.23% in intraday trading to $26.31, hitting a weekly high. The stock’s 5-day price performance is 9.03%, and it has moved by 13.02% in 30 days. Based on these gigs, the overall price performance for the year is -13.23%.
While earnings are projected to return 14.81% in 2025, the next five years will return 19.70% per annum.
IRDM Dividends
Iridium Communications Inc is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Iridium Communications Inc is 0.56, with the dividend yield indicating at 2.13 percent, continuing the trend of increasing dividends in recent years.
The next largest institutional holding, with 11.54 million shares, is of VANGUARD GROUP INC’s that is approximately 9.5681% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $307.2 million.
Also, the Mutual Funds coming in first place with the largest holdings of Iridium Communications Inc (IRDM) shares are BARON INVESTMENT Fd.S TRT -BARON GROWTH Fd. and iShares Trust-iShares Core S&P Mid-Cap ETF . Data provided on Dec 31, 2024 indicates that BARON INVESTMENT Fd.S TRT -BARON GROWTH Fd. owns about 6.85 shares. This amounts to just over 6.33 percent of the company’s overall shares, with a $180.22 million market value. The same data shows that the other fund manager holds slightly less at 3.55, or about 3.28% of the stock, which is worth about $93.4 million.
