After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Iridium Unveils Project Stardust; Developing the Only Truly Global, Standards-Based IoT and Direct-to-Device Service.
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Stocks Info
IRDM belongs to the Communication Services sector of the NASDAQ while operating in the Telecom Services industry. The current market capitalization of Iridium Communications Inc is $4.72B. A total of 0.88 million shares were traded on the day, compared to an average of 731.32K shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, IRDM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 56 BUYs and 64 SELLs from insiders. Insiders purchased 714,721 shares during that period but sold 548,842.
In the most recent transaction, DESCH MATTHEW J bought 28,000 shares of IRDM for 37.01 per share on Nov 20. After the transaction, the Chief Executive Officer now owns 706,912 company shares. In a previous transaction on May 03, Hartin Bryan J. sold 27,835 shares at 64.80 per share. IRDM shares that EVP-Sales and Marketing owns now total 65,101.
Among the insiders who sold shares, NIEHAUS ROBERT H disposed of 55,776 shares on May 01 at a per-share price of $63.69. This resulted in the Director holding 246,874 shares of IRDM after the transaction. In another insider transaction, Hartin Bryan J. sold 8,129 shares at $66.01 per share on Apr 25. Company shares held by the EVP-Sales and Marketing now total 81,601.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. IRDM’s most recent ex-dividend date was 12/14/2023 when it declared a $0.13 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/14/2023. The IRDM stock dividend was $0.13 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for IRDM in the last 3 months, the mean price target is $58.20 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 $68.34 and a low of $34.21.
As of this writing, IRDM has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.05 per share and a lower estimate of $0. The company reported an EPS of -$0.24 in the last quarter, which was -700.00% lower than expectations of $0.04.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. IRDM’s latest balance sheet shows that the firm has $320.91M in Cash & Short Term Investments as of fiscal 2021. There were $1.60B in debt and $108.84M in liabilities at the time. Its Book Value Per Share was $7.47, while its Total Shareholder’s Equity was $1.29B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 4.67.
