Iridium Communications Inc (NASDAQ:IRDM) price on Thursday, July 03, rose 0.89% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $31.8.
A look at the stock’s price movement, the close in the last trading session was $31.52, moving within a range at $31.2988 and $32.0. The beta value (5-Year monthly) was 0.747 while the PE ratio in trailing twelve months stood at 29.86. Turning to its 52-week performance, $35.85 and $19.91 were the 52-week high and 52-week low respectively. Overall, IRDM moved 21.65% over the past month.
Iridium Communications Inc’s market cap currently stands at around $3.44 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-22. The company has a Forward Dividend ratio of 0.56, with its dividend yield at 1.76%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IRDM is a 100% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
12 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 11 recommend IRDM as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 1.52, with IRDM’s current price about 8.88% and 18.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 75.43, while 7-day volatility ratio is 2.75% and 2.94% in the 30-day chart. Further, Iridium Communications Inc (IRDM) has a beta value of 0.78.
If we refocus on Iridium Communications Inc (NASDAQ:IRDM), historical trading data shows that trading volumes averaged 1.42 over the past 10 days and 1.31 million over the past 3 months. The company’s latest data on shares outstanding shows there are 108.73 million shares.
The 12.90% of Iridium Communications Inc’s shares are in the hands of company insiders while institutional holders own 93.39% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.71 million on 2025-06-13, giving us a short ratio of 10.96. The data shows that as of 2025-06-13 short interest in Iridium Communications Inc (IRDM) stood at 1655.9999999999998 of shares outstanding, with shares short rising to 7.74 million registered in 2025-05-15. Current price change has pushed the stock 19.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IRDM stock continues to rise going into the next quarter.
