Iridium Communications Inc. which can be found using ticker (IRDM) now have 5 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The target price High/Low ranges between $50.00 and $30.00 calculating the mean target price we have $40.60. Given that the stocks previous close was at $29.73 this would imply there is now a potential upside of 36.6%. The 50 day MA is $28.41 and the 200 day MA is $29.15. The market capitalization for the company is 3.42B. The price for the stock stands currently at: $28.89 USD
The potential market cap would be $4,670,549,623 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 31.06, revenue per share of $6.70 and a 4.52% return on assets.
Iridium Communications Inc. is a commercial provider of communications services. The Company is engaged in providing mobile voice and data communications services using a constellation of orbiting satellites. It provides voice and data communications services to businesses, the United States and foreign Governments, non-Governmental organizations, and consumers via its upgraded satellite network, which has an architecture of approximately 66 operational satellites with in-orbit and ground spares and related ground infrastructure. The Company’s principal lines of business include land-mobile, maritime, aviation, Internet of things (IoT), hosted payloads and other data services, and United States (U.S.) Government. Its products include Satellite Handsets and Iridium GO!, Broadband Data Devices, Voice and Data Modems, and Internet of Things Data Devices. The Company sells its products and services to customers through a wholesale distribution network of approximately 85 service providers.
