Iridium Communications Inc. with ticker code (IRDM) now have 5 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between $50.00 and $30.00 calculating the average target share price we see $40.60. (at the time of writing). Given that the stocks previous close was at $28.47 and the analysts are correct then we can expect a percentage increase in value of 42.6%. It’s also worth noting that there is a 50 day moving average of $29.58 and the 200 moving average now moves to $28.28. The company has a market capitalization of 3.35B. The current share price for the company is: $29.40 USD
The potential market cap would be $4,773,218,269 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 31.61, 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.
