Iridium stock: buy or sell?
September 20th, 2019
Iridium Communications Inc. provides mobile voice and data communications services through satellite to businesses, the U.
Should I buy Iridium stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading strategy that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Iridium Communications stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Iridium Communications stock a buy?
Banks and financial institutions post stock ratings everyday.At Stocks2.com, we gathered 3 ratings published for IRDM stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
Iridium stock analysis
Iridium shares slightly fell -1.64% to $22.21 today.
Iridium shares slightly fell -1.64% to $22.21 today. Since Sep 13th when SMA50d and SMA100d crossed up, IRDM price slipped $-4.61 per share (-17.19%).
After boosting a dazzling 6.07% in a week last week, Iridium closed this week at $22.21 and plunged a hair-raising -16.31%. This week broke a green streak of 4 weeks.
Far behind is the all-time high Iridium Communications marked early April and since then the price is -21.35% below that top. Since SMA10w and SMA20w crossed up last week, IRDM price slid a -10.91%.
Iridium stock price history
Iridium IPO was on March 20th, 2008 at $9.00 per share1. Since then, IRDM stock grew a 146.80%, with an average of 13.30% per year. If you had invested right after IRDM's IPO a $1,000 in Iridium stock in 2008, it would worth $1,468.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Iridium stock historical price chart
IRDM stock reached all-time highs on April with a price of $28.24.
Iridium stock price target is $22.00Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' IRDM stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we found 2 price forecasts for Iridium stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Iridium Communications didn't meet the expectations of the analysts and posted a frightening EPS of $-0.09 per share when experts were expecting $-0.16.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Iridium Communications annual turnover boosted a super good 16.73% to $523.01 M dollars from $448.05 marked in 2017. Nonetheless, its income margin (compared to revenues) plummed to -2.56%, that is $-13.38 million.
|2013||$383 M||-||$62 M16.3%||-|
|2014||$409 M||6.77%||$75 M18.4%||20.04%|
|2015||$411 M||0.69%||$7.12 M1.7%||-90.50%|
|2016||$434 M||5.41%||$111 M25.6%||1,458.78%|
|2017||$448 M||3.32%||$234 M52.2%||110.62%|
|2018||$523 M||16.73%||$-13.38 M-2.6%||-105.72%|
Quarterly financial resultsIridium Communications reported $132.17 million in revenues for 2018-Q4, a -3.36% less compared to previous quarter. Reported quarter income marked $-7.58 M with a profit margin of -5.74%. Profit margin grew a 3.66% compared to previous quarter when profit margin was -9.40%. When comparing revenues to same quarter last year, Iridium sales marked an extraordinary growth and climbed a 14.46%.
|2017-Q2||$112 M||-||$24.78 M22.2%||-|
|2017-Q3||$117 M||4.44%||$29.23 M25.1%||17.96%|
|2017-Q4||$115 M||-0.93%||$141.88 M122.9%||385.38%|
|2018-Q1||$119 M||3.19%||$11.47 M9.6%||-91.91%|
|2018-Q2||$135 M||13.25%||$-4.42 M-3.3%||-138.51%|
|2018-Q3||$137 M||1.36%||$-12.86 M-9.4%||190.99%|
|2018-Q4||$132 M||-3.36%||$-7.58 M-5.7%||-41.02%|
|2019-Q1||$134 M||1.15%||$-18.02 M-13.5%||137.72%|
Iridium ownershipWhen you are planning to buy shares of a company, it's always worth to review its ownership structure.
Iridium shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 13.98% of all shares.
Bearish positions for IRDM stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related stocks:
|Market cap||$2.9 B||$216.3 B||$572.5 M||$594.5 M||$3.3 B|
|Total shares||130.8 M||562.7 M||88.1 M||1,450.0 M||140.7 M|
|Float shares||114.8 M||562.0 M||49.2 M||507.2 M||73.3 M|
|- Institutional holdings (%)||98.6%||70.6%||59.3%||27.9%||67.3%|
|- Insider holdings (%)||14.0%||0.1%||37.0%||58.1%||45.1%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$22.07 - $22.69|
|Average true range||$1.20|
|50d mov avg||$24.04|
|100d mov avg||$23.92|
|200d mov avg||$23.16|
Iridium performanceTo better understand Iridium Communications performance you must becnhmark its gains with other related stocks in same sector or industry. For Iridium, the comparison is made against Boeing, Gogo, Globalstar, Intelsat and ORBCOMM.