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Wednesday, March 22, 2023

What Are The Chances Of Iridium Communications Inc. (NASDAQ: IRDM) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Iridium Communications Inc. (IRDM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.20, or 0.33%, to $60.80. The Iridium Communications Inc. has recorded 33,433 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Iridium to Participate in Investor Conferences.

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Stocks Info

As a NASDAQ listed company, IRDM falls under the Communication Services sector while operating within the Telecom Services industry segment. At the end of the last regular session, the stock closed at $60.60 and fluctuated between $61.07 as its day high and $59.72 as its day low. The current market capitalization of Iridium Communications Inc. is $7.72B. A total of 1.12 million shares were traded on the day, compared to an average of 674.53K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, IRDM has seen 15 BUY and 13 SELL insider trades, representing the acquisition of 43,995 and the disposition of 174,173 shares. Over the last 12 months, there were 20 BUYs and 54 SELLs from insiders. Insiders purchased 301,609 shares during that period but sold 663,753.

In the most recent transaction, WEST BARRY sold 4,564 shares of IRDM for 60.50 per share on Mar 14. After the transaction, the Director now owns 52,455 company shares. In a previous transaction on Mar 13, Scheimreif Scott sold 96,348 shares at 59.79 per share. IRDM shares that EVP-Government Programs owns now total 138,637.

Among the insiders who sold shares, McBride Suzanne E. disposed of 2,000 shares on Mar 03 at a per-share price of $61.85. This resulted in the Chief Operations Officer holding 135,251 shares of IRDM after the transaction. In another insider transaction, McBride Suzanne E. sold 4,669 shares at $60.65 per share on Mar 02. Company shares held by the Chief Operations Officer now total 135,091.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Iridium Communications Inc. pays an annual dividend of $0.52, resulting in a dividend yield of 0.86%, and it has a price to earnings (P/E) ratio of 904.48. IRDM’s most recent ex-dividend date was 3/14/2023 when it declared a $0.13 quarterly dividend that was paid in cash on 3/30/2023.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for IRDM in the last 3 months, the mean price target is $64.25 with high estimates of $75.00 and low estimates of $45.00. In terms of 52-week highs and lows, IRDM has a high of $65.41 and a low of $32.88.

As of this writing, IRDM has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.01 per share and a lower estimate of -$0.02.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IRDM is Overweight with a score of 4.20. A total of 3 analysts rated the stock as Buy while 1 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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