Iridium Communications Inc (NASDAQ:IRDM) does about 1.37M shares in volume on a normal day but saw 1829353 shares change hands in the recent trading day. The company now has a market cap of 3.00B USD. Its current market price is $27.76, marking an increase of 4.72% compared to the previous close of $26.51. The 52 week high reached by this stock is $35.85 whilst the lowest price level in 52 weeks is $19.91.
The consensus objective for the share price is $38.89, suggesting that the stock has a potential upside of 28.62% over the period.
FactSet Research has provided data showing that 12 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 11 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 05, 2025 when Oppenheimer initiated the stock to “Outperform” and issued a price target of $34. Cantor Fitzgerald initiated its price target at $40.
The current price level is 7.15%, 10.10%, and -1.52% away from its SMA20, SMA50, and SMA200 respectively, with the IRDM price moving above the 50-day SMA on current market day. Iridium Communications Inc (IRDM) stock is up 9.29% over the week and 5.51% over the past month. Its price is -4.34% year-to-date and -6.63% over the past year.
To reach the target analysts have set, the stock logically needs to grow 28.62 percent from here.
Outstanding shares total 108.73M with insiders holding 12.32% of the shares and institutional holders owning 95.63% of the company’s common stock. The company has a return on investment of 5.38% and return on equity of 18.01%. The price to earnings ratio (P/E ratio) amounts to 26.07 while the forward price to earnings ratio is 20.83. The beta has a value of 0.75. Price to book ratio is 5.82 and price to sales ratio is 3.57.
