![]() ![]() However, the stock’s current price level is away from the SMA50 by +16.87% and SMA200 by+11.32%. IRDM is currently trading +4.52% above its 20-day SMA, +34.10% above its 100-day SMA. The stock’s 5-day moving average is $44.81, reflecting a +5.60% or $2.44 change from its current price. ![]() The 9-day relative strength index as at close on 03 October was 61.16% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.32%. (IRDM) price momentum from a technical analysis perspective. Let’s look briefly at Iridium Communications Inc. ![]() Shareholders hold equity totaling $126.97 million. In a slew of major positives this week, Iridium delivered better-than-expected Q3 2021 numbers, raised its 2021 outlook, and received an upgrade in rating from BWS Financial. IRDM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.9 billion, with total debt at $1.61 billion. Taking Stock of Iridium Communications’ Risk Factors Iridium Communications (IRDM) is a global provider of mobile voice and data communications offerings. EBITDA for the quarter stood at more than $97.65 million. Analysts expected IRDM to announce $0 per share in earnings in its latest quarter, but it posted $0.04. Net income grew 16.01% to $4.56 million, while revenue of $2.82 million was 38.16% off the previous quarter. The firm’s gross profit as reported stood at $464.1 million against revenue of $614.5 million.įor the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. In terms of profitability, the gross margin trailing 12 months is 74.40%. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.33, while the total debt to equity was 1.35. Iridium Communications Inc.’s quick ratio for the period ended June 29 was 3.00, with the current ratio over the same period at 3.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.88 while the price-to-book (PB) in the most recent quarter is 5.00, with the price to cash flow ratio at 20.35. Then, on Aug 03, Director NIEHAUS ROBERT H sold 30,000 shares at a price of $45.19 per share. Chief Operations Officer, McBride Suzanne E., sold 7,500 shares at a price of $46.68 on Aug 15. This transaction cost the insider $5,219,850. Krongard A B (Director) most recently sold 115,000 shares at $45.39 per share on Aug 19. On Aug 19, 46 days have gone by since the last insider trading activity for Iridium Communications Inc. Sign up here to get your free report now. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest. While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. ![]()
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