How to buy Iridium Communications stock | 31.53

Iridium Communications Inc is a telecom services business based in the US. Iridium Communications shares (IRDM) are listed on the NASDAQ and all prices are listed in US Dollars. Iridium Communications employs 497 staff and has a trailing 12-month revenue of around USD$569.1 million.

How to buy shares in Iridium Communications

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Iridium Communications. Find the stock by name or ticker symbol: IRDM. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Iridium Communications reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At last close price of USD$31.53, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Iridium Communications, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Iridium Communications. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Iridium Communications's share price?

Since the stock market crash in March caused by coronavirus, Iridium Communications's share price has had significant positive movement.

Its last market close was USD$31.53, which is 4.22% up on its pre-crash value of USD$30.2 and 86.90% up on the lowest point reached during the March crash when the shares fell as low as USD$16.87.

If you had bought USD$1,000 worth of Iridium Communications shares at the start of February 2020, those shares would have been worth USD$751.16 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,188.37.

Iridium Communications share price

Use our graph to track the performance of IRDM stocks over time.

Iridium Communications shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	USD$31.53
52-week range	USD$16.87 - USD$32.08
50-day moving average	USD$27.4594
200-day moving average	USD$25.7519
Wall St. target price	USD$31.5
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	USD$-0.567

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Is it a good time to buy Iridium Communications stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Iridium Communications Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Iridium Communications price performance over time

Historical closes compared with the close of $31.53 from 2020-11-16

1 week (2020-11-23)	-2.17%
1 month (2020-10-30)	19.39%
3 months (2020-08-28)	10.86%
6 months (2020-05-29)	37.09%

1 year (2019-11-29)	35.32%
2 years (2018-11-30)	32.04%
3 years (2017-11-30)	155.30%
5 years (2015-11-30)	285.92%

Is Iridium Communications under- or over-valued?

Valuing Iridium Communications stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Iridium Communications's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Iridium Communications's PEG ratio

Iridium Communications's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.42. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Iridium Communications's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Iridium Communications's EBITDA

Iridium Communications's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$326.9 million.

The EBITDA is a measure of a Iridium Communications's overall financial performance and is widely used to measure a its profitability.

Iridium Communications financials

Revenue TTM	USD$569.1 million
Operating margin TTM	4.51%
Gross profit TTM	USD$415.3 million
Return on assets TTM	0.44%
Return on equity TTM	-11.4%
Profit margin	-29.87%
Book value	$10.633
Market capitalisation	USD$3.7 billion

TTM: trailing 12 months

Shorting Iridium Communications shares

There are currently 6.4 million Iridium Communications shares held short by investors – that's known as Iridium Communications's "short interest". This figure is 4.6% up from 6.1 million last month.

There are a few different ways that this level of interest in shorting Iridium Communications shares can be evaluated.

Iridium Communications's "short interest ratio" (SIR)

Iridium Communications's "short interest ratio" (SIR) is the quantity of Iridium Communications shares currently shorted divided by the average quantity of Iridium Communications shares traded daily (recently around 845967.94701987). Iridium Communications's SIR currently stands at 7.55. In other words for every 100,000 Iridium Communications shares traded daily on the market, roughly 7550 shares are currently held short.

However Iridium Communications's short interest can also be evaluated against the total number of Iridium Communications shares, or, against the total number of tradable Iridium Communications shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Iridium Communications's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 Iridium Communications shares in existence, roughly 50 shares are currently held short) or 0.0629% of the tradable shares (for every 100,000 tradable Iridium Communications shares, roughly 63 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Iridium Communications.

Find out more about how you can short Iridium Communications stock.

Iridium Communications share dividends

We're not expecting Iridium Communications to pay a dividend over the next 12 months.

Iridium Communications share price volatility

Over the last 12 months, Iridium Communications's shares have ranged in value from as little as $16.87 up to $32.08. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Iridium Communications's is 1.396. This would suggest that Iridium Communications's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Iridium Communications overview

Iridium Communications Inc. provides mobile voice and data communications services and product to businesses, the United States and foreign governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides other services, such as inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence community, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the department of defense's dedicated gateway. Further, it provides satellite handsets, personal connectivity devices, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. was founded in 2000 and is headquartered in McLean, Virginia.

Frequently asked questions

• What percentage of Iridium Communications is owned by insiders or institutions?

  Currently 12.476% of Iridium Communications shares are held by insiders and 84.856% by institutions.

• How many people work for Iridium Communications?

  Latest data suggests 497 work at Iridium Communications.

• When does the fiscal year end for Iridium Communications?

  Iridium Communications's fiscal year ends in December.

• Where is Iridium Communications based?

  Iridium Communications's address is: 1750 Tysons Boulevard, McLean, VA, United States, 22102

• What is Iridium Communications's ISIN number?

  Iridium Communications's international securities identification number is: US46269C1027

• What is Iridium Communications's CUSIP number?

  Iridium Communications's Committee on Uniform Securities Identification Procedures number is: 36172H108