Iridium stock: buy or sell?
May 20th, 2019
Iridium Communications Inc. provides mobile voice and data communications services through satellite to businesses, the U.
Should I buy Iridium stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to define your own trading plan that matches with your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Iridium Communications stock situation right now, hence this is not a suitable entry point.
|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 stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 3 ratings published for IRDM stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
Iridium stock analysis
Shares of Iridium Communications dropped a godawful -3.25% and closed at $23.22.
Iridium shares dropped -3.25% to $23.22 today. Since price and SMA200d lines crossed up on December, IRDM climbed $6.28 (37.07%). Since SMA50d and SMA100d crossed up on March, IRDM price slid a -1.48%. On April/12, IRDM hit new all time highs, pushing higher previous ATH of $28.22 recorded on Apr 8th. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
After sliding a dreadful -13.29% in a week last week, Iridium Communications closed this week at $23.22 and eased a fatal -3.25%. This was the 3rd red week in a row, sliding in full a -15.36%.
IRDM marked an uptrend of rising tops and rising bottoms. Since its last top early April at $28.24, price slid and bounced up back from $25.86. Breaking down under $25.86 would cancel the current uptrend and it might test lower supports. Note that $28.24 might act as a resistance line. Not so far away is the last price record Iridium marked early April, but since then it dropped a 17.78%. Since late January when IRDM stock price broke up the SMA40w line, it gained $4.51 (24.10%). Early March, SMA10w and SMA20w crossed up triggering a rise of 0.30%.
Iridium stock price history
Iridium stock went public on March 20th, 2008 with a price of $9.001. Since then, IRDM stock grew a 158.00%, with a yearly average of 14.40%. If you had invested right after IRDM's IPO a $1,000 in Iridium stock in 2008, it would worth $1,580.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Iridium stock historical price chart
IRDM stock reached all-time highs on April 12th 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, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We have 2 price predictions for IRDM stock posted in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
Financials and fundamental analysis
Earnings date and Earnings per ShareIridium Communications failed experts on February when it published an Earnings per Share (EPS) of $-0.09 when the analysts' forecast was $-0.16.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw an extraordinary gain of 16.73% to $523.01 M dollars. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) plummed a -54.75% to -2.56%.
|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 posted $132.17 M in revenues for 2018-Q4, a -3.36% decline compared to previous quarter. Reported quarter earnings marked $-7.58 M with a profit margin of -5.74%. Profit margin raised a 3.66% compared to previous quarter when profit margin was -9.40%. When comparing sales to same quarter last year, Iridium Communications sales marked an exceptional growth and boosted 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 a stock, it's always worth to check its ownership structure.
Iridium Communications 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.
The following table compares ownership indicators for other stocks related to Iridium Communications:
|Market cap||$2.6 B||$199.7 B||$514.5 M||$783.0 M||$21.6 B|
|Total shares||113.2 M||562.6 M||87.8 M||1,450.0 M||118.1 M|
|Float shares||98.5 M||562.2 M||45.7 M||521.7 M||117.6 M|
|- Institutional holdings (%)||98.6%||70.6%||59.3%||27.9%||92.7%|
|- Insider holdings (%)||14.0%||0.1%||37.0%||58.1%||0.4%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, May 20th, 2019|
|Day range||$23.10 - $23.99|
|Average true range||$1.05|
|50d mov avg||$26.35|
|100d mov avg||$23.21|
|200d mov avg||$21.86|
Iridium performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We selected Boeing, Gogo, Globalstar, Harris, Intelsat and ORBCOMM as the bechmarking frame for Iridium Communications stock.