Investing In Iridium Communications Inc (NASDAQ: IRDM): Why Should You?

After Hours

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.

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Stocks Info

The company is listed on the NASDAQ and operates within the Telecom Services industry segment. The current market capitalization of Iridium Communications Inc is $3.33B. A total of 0.96 million shares were traded on the day, compared to an average of 1.13M shares.

In the most recent transaction, McBride Suzanne E. sold 4,420 shares of IRDM for 29.48 per share on Nov 04 ’24. After the transaction, the CHIEF OPERATIONS OFFICER now owns 182,797 company shares. In a previous transaction on Nov 04 ’24, McBride Suzanne E. bought 4,420 shares at 29.31 per share.

Among the insiders who sold shares, NIEHAUS ROBERT H disposed of 38,355 shares on Oct 23 ’24 at a per-share price of $29.39. This resulted in the Director holding 254,824 shares of IRDM after the transaction. In another insider transaction, NIEHAUS ROBERT H bought 38,355 shares at $29.00 per share on Oct 23 ’24.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Iridium Communications Inc pays an annual dividend of $0.55, resulting in a dividend yield of 1.88%, and it has a price to earnings (P/E) ratio of 31.03. IRDM’s most recent ex-dividend date was 1.7% when it declared a $0.14 quarterly dividend that was paid in cash on 12/16/2024. Previously, the company paid the dividend on 9/13/2024 with an ex-dividend date of 2.1%. The IRDM stock dividend was $0.14 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, IRDM has a high of $41.63 and a low of $24.14.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $5.81, while its Total Shareholder’s Equity was $1.29B.

Analysts Opinion

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. 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 4.17.

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