Iridium Communications Stock Today
| IRDM Stock | USD 29.28 0.54 1.88% |
Performance0 of 100
| Odds Of DistressLess than 3
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Iridium Communications is selling at 29.28 as of the 25th of April 2024; that is 1.88 percent increase since the beginning of the trading day. The stock's lowest day price was 28.51. Iridium Communications has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Iridium Communications are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of May 2022 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Telecommunication Services | IPO Date 20th of March 2008 | Category Communication Services |
Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. Iridium Communications Inc. was founded in 2000 and is headquartered in McLean, Virginia. The company has 121.43 M outstanding shares of which 3.59 M shares are currently shorted by private and institutional investors with about 2.8 trading days to cover. More on Iridium Communications
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Follow Valuation Options Odds of Bankruptcy
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Iridium Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Iridium Communications' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Iridium Communications or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Donald Thoma | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | Showing 3 out of 4 themes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Diversified Telecommunication Services, Telecommunication Services, Communication Services, NASDAQ Composite, SP Midcap 400, NASDAQ Composite Total, Wireless, ISP, Electronics, Communication Services, Diversified Telecommunication Services, Telecom Services, Communication Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Iridium Communications report their recommendations after researching Iridium Communications' financial statements, talking to executives and customers, or listening in on Iridium Communications' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Iridium Communications. The Iridium consensus assessment is calculated by taking the average forecast from all of the analysts covering Iridium Communications. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Iridium Communications' liquidity, profitability, solvency, and operating efficiency, Iridium Communications is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of Iridium Communications is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Iridium Communications' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Iridium Communications' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Iridium Communications' financial leverage. It provides some insight into what part of Iridium Communications' total assets is financed by creditors.
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Iridium Communications (IRDM) is traded on NASDAQ Exchange in USA. It is located in 1750 Tysons Boulevard, McLean, VA, United States, 22102 and employs 760 people. Iridium Communications is listed under Diversified Telecommunication Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.49 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Iridium Communications's market, we take the total number of its shares issued and multiply it by Iridium Communications's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Iridium Communications conducts business under Diversified Telecommunication Services sector and is part of Communication Services industry. The entity has 121.43 M outstanding shares of which 3.59 M shares are currently shorted by private and institutional investors with about 2.8 trading days to cover.
Iridium Communications currently holds about 218.76 M in cash with 314.91 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.74.
Check Iridium Communications Probability Of Bankruptcy
Ownership AllocationIridium Communications secures a total of 121.43 Million outstanding shares. The majority of Iridium Communications outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Iridium Communications to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Iridium Communications. Please pay attention to any change in the institutional holdings of Iridium Communications as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Iridium Ownership Details
Iridium Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Iridium Communications jumping above the current price in 90 days from now is about 52.8%. The Iridium Communications probability density function shows the probability of Iridium Communications stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.0443. This usually indicates Iridium Communications market returns are highly reactive to returns on the market. As the market goes up or down, Iridium Communications is expected to follow. Additionally, iridium Communications has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Iridium Communications to move above the current price in 90 days from now is about 52.8 (This Iridium Communications probability density function shows the probability of Iridium Stock to fall within a particular range of prices over 90 days) .
Iridium Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Iridium Communications that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Iridium Communications' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Iridium Communications' value.| Instituion | Recorded On | Shares | |
| Northern Trust Corp | 1.8 M | ||
| Nikko Asset Management Americas Inc | 2023-12-31 | 1.7 M | |
| Sumitomo Mitsui Trust Holdings Inc | 2023-12-31 | 1.7 M | |
| Amvescap Plc. | 2023-12-31 | 1.7 M | |
| Capital World Investors | 2023-12-31 | 1.6 M | |
| Arrowmark Colorado Holdings, Llc (arrowmark Partners) | 2023-12-31 | 1.6 M | |
| Norges Bank | 2023-12-31 | 1.3 M | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 1.3 M | |
| T. Rowe Price Associates, Inc. | 2023-12-31 | 1.3 M | |
| Bamco Inc | 2023-12-31 | 14 M | |
| Vanguard Group Inc | 2023-12-31 | 11.8 M |
Iridium Communications Historical Income Statement
Iridium Communications Income Statement is one of the three primary financial statements used for reporting Iridium's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Iridium Communications revenue and expense. Iridium Communications Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Iridium Communications' Interest Expense is very stable compared to the past year. As of the 25th of April 2024, Net Income is likely to grow to about 16.8 M, while Operating Income is likely to drop about 70.8 M. View More FundamentalsIridium Stock Against Markets
Picking the right benchmark for Iridium Communications stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Iridium Communications stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Iridium Communications is critical whether you are bullish or bearish towards Iridium Communications at a given time. Please also check how Iridium Communications' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Iridium Communications without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Iridium Communications Corporate Directors
Iridium Communications corporate directors refer to members of an Iridium Communications board of directors. The board of directors generally takes responsibility for the Iridium Communications' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Iridium Communications' board members must vote for the resolution. The Iridium Communications board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Thomas Fitzpatrick | CFO, Chief Admin. Officer and Director | Profile | |
| Jane Harman | Independent Director | Profile | |
| Henrik Schliemann | Independent Director | Profile | |
| Barry West | Independent Director | Profile |
How to buy Iridium Stock?
Before investing in Iridium Communications, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Iridium Communications. To buy Iridium Communications stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Iridium Communications. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Iridium Communications stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Iridium Communications stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Iridium Communications stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Iridium Communications, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Iridium Stock please use our How to Invest in Iridium Communications guide.
Already Invested in Iridium Communications?
The danger of trading Iridium Communications is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Iridium Communications is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Iridium Communications. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Iridium Communications is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Iridium Communications is a strong investment it is important to analyze Iridium Communications' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Iridium Communications' future performance. For an informed investment choice regarding Iridium Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iridium Communications. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. To learn how to invest in Iridium Stock, please use our How to Invest in Iridium Communications guide.Note that the Iridium Communications information on this page should be used as a complementary analysis to other Iridium Communications' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Iridium Stock analysis
When running Iridium Communications' price analysis, check to measure Iridium Communications' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Iridium Communications is operating at the current time. Most of Iridium Communications' value examination focuses on studying past and present price action to predict the probability of Iridium Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iridium Communications' price. Additionally, you may evaluate how the addition of Iridium Communications to your portfolios can decrease your overall portfolio volatility.
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Is Iridium Communications' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Iridium Communications. If investors know Iridium will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Iridium Communications listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.074 | Dividend Share 0.52 | Earnings Share 0.2 | Revenue Per Share 6.334 | Quarterly Revenue Growth (0.01) |
The market value of Iridium Communications is measured differently than its book value, which is the value of Iridium that is recorded on the company's balance sheet. Investors also form their own opinion of Iridium Communications' value that differs from its market value or its book value, called intrinsic value, which is Iridium Communications' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Iridium Communications' market value can be influenced by many factors that don't directly affect Iridium Communications' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Iridium Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Iridium Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iridium Communications' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.