Iridium Communications Inc (NASDAQ:IRDM)’s traded shares stood at 5.66 million during the latest session, with the company’s beta value hitting 0.78. At the last check today, the stock’s price was $26.28, to imply a decrease of -18.96% or -$6.15 in intraday trading. The IRDM share’s 52-week high remains $35.85, putting it -36.42% down since that peak but still an impressive 24.24% since price per share fell to its 52-week low of $19.91. The company has a valuation of $2.84B, with an average of 1.48 million shares in intraday trading volume over the past 10 days and average of 1.23 million shares over the past 3 months.
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.
Iridium Communications Inc (NASDAQ:IRDM) trade information
After registering a -18.96% downside in the latest session, Iridium Communications Inc (IRDM) has traded red over the past five days. The 5-day price performance for the stock is -18.16%, and -9.16% over 30 days. With these gigs, the year-to-date price performance is 1.39%. Short interest in Iridium Communications Inc (NASDAQ:IRDM) saw shorts transact 7.63 million shares and set a 6.16 days time to cover.
IRDM Dividends
Iridium Communications Inc has its next earnings report out on 2025-Apr-22. 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 2.13% to continue the rising pattern observed over the past year.
Iridium Communications Inc (NASDAQ:IRDM)’s Major holders
Iridium Communications Inc insiders hold 12.30% of total outstanding shares, with institutional holders owning 96.27% of the shares at 109.76% float percentage. In total, 96.27% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 11.71 million shares (or 9.7073% of shares), all amounting to roughly $311.67 million.
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 $156.27 million. Data from the same date shows that the other fund manager holds a little less at 3.53, or 3.26% of the shares, all valued at about 91.97 million.
