Iridium Communications Stock Price on October 4, 2024
| IRDM Stock | USD 28.48 0.57 2.04% |
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 28.48, as last reported on the 21st of November, with the highest price reaching 28.48 and the lowest price hitting 27.15 during the day.
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 not too volatile. Iridium Communications holds Efficiency (Sharpe) Ratio of 0.0443, which attests that the entity had a 0.0443% return per unit of risk over the last 3 months. We have found thirty technical indicators for Iridium Communications, which you can use to evaluate the volatility of the firm. Please check out Iridium Communications' Risk Adjusted Performance of 0.0333, downside deviation of 2.94, and Market Risk Adjusted Performance of 0.1751 to validate if the risk estimate we provide is consistent with the expected return of 0.13%.
At this time, Iridium Communications' Total Stockholder Equity is very stable compared to the past year. As of the 21st of November 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 21st of November 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.
IPO Date 20th of March 2008 | 200 Day MA 28.3269 | 50 Day MA 29.484 | Beta 0.645 |
Iridium |
Sharpe Ratio = 0.0443
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Estimated Market Risk
| 2.91 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Iridium Communications is performing at about 3% of its full potential. 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 it to a well-diversified portfolio.
Price Book 4.7871 | Enterprise Value Ebitda 11.9786 | Price Sales 3.9111 | Shares Float 101.4 M | Dividend Share 0.54 |
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Iridium Communications Valuation on October 4, 2024
It is possible to determine the worth of Iridium Communications on a given historical date. On October 4, 2024 Iridium was worth 31.9 at the beginning of the trading date compared to the closed value of 29.95. 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 | |
| 31.28 | 31.90 | 31.22 | 31.61 | 1,475,754 | |
10/04/2024 | 31.90 | 32.30 | 29.90 | 29.95 | 1,370,374 |
| 29.95 | 30.15 | 29.16 | 29.51 | 1,201,397 |
| Backtest Iridium Communications | | | Iridium Communications History | | | Iridium Communications Valuation | Previous | Next |
Iridium Communications Trading Date Momentum on October 4, 2024
| On October 07 2024 Iridium Communications was traded for 29.51 at the closing time. The top price for the day was 30.15 and the lowest listed price was 29.16 . The trading volume for the day was 1.2 M. The trading history from October 7, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.47% . The trading delta at closing time against the current closing price is 1.07% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 127.2 M | 100.5 M | |
| Net Income Applicable To Common Shares | 7.8 M | 7.5 M |
Iridium Communications Quarterly Net Working Capital |
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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.
Price Boundaries
Iridium Communications Period Price Range
Low | November 21, 2024
| High |
0.00 | 0.00 |
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 November 21, 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.
| Risk Adjusted Performance | 0.0333 | |||
| Jensen Alpha | 0.043 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0012 | |||
| Treynor Ratio | 0.1651 |
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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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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.