Iridium Communications Stock Price on December 12, 2024

IRDM Stock  USD 28.78  0.44  1.51%   
Below is the normalized historical share price chart for Iridium Communications extending back to March 20, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Iridium Communications stands at 28.78, as last reported on the 24th of December, with the highest price reaching 28.78 and the lowest price hitting 28.75 during the day.
IPO Date
20th of March 2008
200 Day MA
28.2526
50 Day MA
29.7486
Beta
0.645
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Iridium Stock, it is important to understand the factors that can impact its price. As of now, Iridium Stock is very steady. Iridium Communications holds Efficiency (Sharpe) Ratio of 0.0018, which attests that the entity had a 0.0018% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Iridium Communications, which you can use to evaluate the volatility of the firm. Please check out Iridium Communications' Market Risk Adjusted Performance of 0.0486, downside deviation of 2.9, and Risk Adjusted Performance of 0.0194 to validate if the risk estimate we provide is consistent with the expected return of 0.0048%.
  
At this time, Iridium Communications' Total Stockholder Equity is very stable compared to the past year. As of the 24th of December 2024, Capital Stock is likely to grow to about 139 K, while Common Stock Shares Outstanding is likely to drop about 100.5 M. . At this time, Iridium Communications' Price Earnings Ratio is very stable compared to the past year. As of the 24th of December 2024, Price Earnings To Growth Ratio is likely to grow to 4.60, while Price Book Value Ratio is likely to drop 5.53. Iridium Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0018

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Estimated Market Risk

 2.69
  actual daily
23
77% of assets are more volatile

Expected Return

 0.0
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average Iridium Communications is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Iridium Communications by adding Iridium Communications to a well-diversified portfolio.
Price Book
5.0118
Enterprise Value Ebitda
12.3498
Price Sales
4.0947
Shares Float
101.4 M
Dividend Share
0.54

Iridium Communications Main Headline on 12th of December 2024

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Iridium Communications Valuation on December 12, 2024

It is possible to determine the worth of Iridium Communications on a given historical date. On December 12, 2024 Iridium was worth 30.12 at the beginning of the trading date compared to the closed value of 30.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Iridium Communications stock. Still, in general, we apply an absolute valuation method to find Iridium Communications' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Iridium Communications where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Iridium Communications' related companies.
 Open High Low Close Volume
  30.92    30.95    29.68    30.15    1,476,393  
12/12/2024
  30.12    30.56    30.02    30.29    507,568  
  30.15    30.38    29.83    30.07    883,622  
Backtest Iridium Communications  |  Iridium Communications History  |  Iridium Communications Valuation   PreviousNext  
Open Value
30.12
30.29
Closing Value
38.20
Upside

Iridium Communications Trading Date Momentum on December 12, 2024

On December 13 2024 Iridium Communications was traded for  30.07  at the closing time. The top price for the day was 30.38  and the lowest listed price was  29.83 . The trading volume for the day was 883.6 K. The trading history from December 13, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.73% . The trading delta at closing time against the current closing price is 3.93% .

Iridium Communications Fundamentals Correlations and Trends

By evaluating Iridium Communications' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Iridium Communications' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Iridium financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Iridium Communications Stock history

Iridium Communications investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Iridium is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Iridium Communications will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Iridium Communications stock prices may prove useful in developing a viable investing in Iridium Communications
Last ReportedProjected for Next Year
Common Stock Shares Outstanding127.2 M100.5 M
Net Income Applicable To Common Shares7.8 M7.5 M

Iridium Communications Quarterly Net Working Capital

219.56 Million

Iridium Communications Stock Technical Analysis

Iridium Communications technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Iridium Communications technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Iridium Communications trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Iridium Communications Period Price Range

Low
December 24, 2024
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High

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Iridium Communications cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Iridium Communications December 24, 2024 Market Strength

Market strength indicators help investors to evaluate how Iridium Communications stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Iridium Communications shares will generate the highest return on investment. By undertsting and applying Iridium Communications stock market strength indicators, traders can identify Iridium Communications entry and exit signals to maximize returns

Iridium Communications Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Iridium Communications' price direction in advance. Along with the technical and fundamental analysis of Iridium Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Iridium to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
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 closely tied 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.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Diversified Telecommunication Services space 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
0.54
Earnings Share
0.93
Revenue Per Share
6.697
Quarterly Revenue Growth
0.077
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.