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How to buy Iridium Communications stock (IRDM)

Buy Iridium Communications stock in 5 easy steps, view past price performance and learn what’s ahead for the company.

Iridium Communications 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 760 staff and has a trailing 12-month revenue of around $789.3 million.

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Iridium Communications stock price (NASDAQ: IRDM)

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

Iridium Communications shares at a glance

Information last updated 2024-07-22.
Latest market close$27.80
52-week range$24.02 - $54.64
50-day moving average $27.91
200-day moving average $32.87
Wall St. target price$39.80
PE ratio 129.05
Dividend yield $0.52 (2.17%)
Earnings per share (TTM) $0.20

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.

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 $27.8 from 2024-07-25

1 week (2024-07-19) 7.71%
1 month (2024-06-27) 3.73%
3 months (2024-04-26) -11.38%
6 months (2024-01-26) -23.88%
1 year (2023-07-27) -46.91%
2 years (2022-07-27) -36.54%
3 years (2021-07-27) 39.81
5 years (2019-07-26) 6.92%

Is Iridium Communications stock undervalued or overvalued?

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 P/E ratio

Iridium Communications's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 129x. In other words, Iridium Communications shares trade at around 129x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

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 $402.2 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 $789.3 million
Operating margin TTM 24.42%
Gross profit TTM $519.9 million
Return on assets TTM 3.25%
Return on equity TTM 2.61%
Profit margin 3.2%
Book value $7.02
Market Capitalization $3.1 billion

TTM: trailing 12 months

Iridium Communications share dividends

3%

Dividend payout ratio: 2.65% of net profits

Recently Iridium Communications has paid out, on average, around 2.65% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.17% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Iridium Communications shareholders could enjoy a 2.17% return on their shares, in the form of dividend payments. In Iridium Communications's case, that would currently equate to about $0.52 per share.

While Iridium Communications's payout ratio might seem low, this can signify that Iridium Communications is investing more in its future growth.

Iridium Communications's most recent dividend payout was on 27 June 2024. The latest dividend was paid out to all shareholders who bought their shares by 13 June 2024 (the "ex-dividend date").

Iridium Communications share price volatility

Over the last 12 months, Iridium Communications's shares have ranged in value from as little as $24.0153 up to $54.6386. A popular way to gauge a stock's volatility is its "beta".

IRDM.US volatility(beta: 0.65)Avg. volatility(beta: 1.00)LowHigh

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 0.65. This would suggest that Iridium Communications's shares are less volatile than average (for this exchange).

Iridium Communications overview

Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international 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 hosted payload and other data services, such as satellite time and location services; and 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 other government agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government's dedicated gateway. Further, it provides satellite handsets, 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.

Frequently asked questions

What percentage of Iridium Communications is owned by insiders or institutions?
Currently 10.664% of Iridium Communications shares are held by insiders and 85.29% by institutions.
How many people work for Iridium Communications?
Latest data suggests 760 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: 36172H207

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