Iridium Communications Inc (NASDAQ:IRDM)’s traded shares stood at 0.85 million during the last session, with the company’s beta value hitting 0.76. At the close of trading, the stock’s price was $28.64, to imply a decrease of -2.02% or -$0.59 in intraday trading. The IRDM share’s 52-week high remains $35.85, putting it -25.17% down since that peak but still an impressive 30.48% since price per share fell to its 52-week low of $19.91.
Analysts have given a consensus recommendation of Buy for Iridium Communications Inc (IRDM), translating to a mean rating of 1.10. Of 12 analyst(s) looking at the stock, 0 analyst(s) give IRDM a Sell rating. 1 of those analysts rate the stock as Overweight while 0 advise Hold as 11 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.24.
Iridium Communications Inc (NASDAQ:IRDM) trade information
After registering a -2.02% downside in the last session, Iridium Communications Inc (IRDM) has traded red over the past five days. The 5-day price performance for the stock is 3.17%, and 13.07% over 30 days. With these gigs, the year-to-date price performance is -1.31%.
Iridium Communications Inc (IRDM) estimates and forecasts
The rating firms project that company’s revenue will grow 5.51% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 214.72M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 224.13M.Earnings reports from the last fiscal year show that sales brought in 201.07M and 212.77M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 6.79% before jumping 5.34% in the following quarter.
IRDM Dividends
Iridium Communications Inc has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Iridium Communications Inc has a forward dividend ratio of 0.56, with the share yield ticking at 1.96% to continue the rising pattern observed over the past year.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 11.54 million shares, or about 9.5681% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $307.2 million.
We also have BARON INVESTMENT Fd.S TRT -BARON GROWTH Fd. and iShares Trust-iShares Core S&P Mid-Cap ETF as the top two Mutual Funds with the largest holdings of the Iridium Communications Inc (IRDM) shares. Going by data provided on Mar 31, 2025 , BARON INVESTMENT Fd.S TRT -BARON GROWTH Fd. holds roughly 6.0 shares. This is just over 5.55% of the total shares, with a market valuation of $171.84 million. Data from the same date shows that the other fund manager holds a little less at 3.52, or 3.26% of the shares, all valued at about 100.93 million.
