How to Buy Iridium Communications Stock
Iridium Communications Inc
Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide.
Iridium Communications stock last closed at $29.52, up 0.03% from the previous day, and has decreased 33.57% in one year. It has underperformed other stocks in the Telecom Services industry by 0.24 percentage points. Iridium Communications stock is currently +22.29% from its 52-week low of $24.14, and -34.08% from its 52-week high of $44.78.
At the moment, there are 118.38M shares of IRDM outstanding. The market capitalization of IRDM is $3.49B. In the last 24 hours, 945,027 IRDM shares were traded.
How to Buy Iridium Communications Stock
Wondering how to invest in Iridium Communications stock? Here's how.
- Decide where to buy Iridium Communications stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Iridium Communications stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Choose your payment method and add your details.
- Research Iridium Communications stock: The Iridium Communications ticker symbol is IRDM. Is Iridium Communications stock a good investment? Should you buy shares of IRDM? How do IRDM's underlying business fundamentals look? Do top analysts think Iridium Communications is a good buy? Why has IRDM's stock price moved recently? (Hint: Our stock research tools can help you evaluate if IRDM is a good stock to buy).
- Execute your IRDM trade: Decide if you will purchase IRDM shares at the current market price or use a limit order to purchase IRDM shares at a particular price.
- Keep tabs on your IRDM investment: Create a watchlist to keep tabs on your new investment in Iridium Communications stock.
Step 1: Decide where to buy Iridium Communications stock
You will need a brokerage account in order to access the NASDAQ market and buy IRDM stock.
Our preferred brokerage: eToro
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Get $10 towards your purchase of shares by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen your brokerage, you need to fill out some personal details so you are able to invest in IRDM stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've opened your account on one of the best stock market apps, you need to deposit funds:
Check out the video below for more details transferring money into your new investment account.
Step 4: Research Iridium Communications stock
After you have decided on the best place to buy Iridium Communications stock, it's crucial to research their stock prior to investing, so you truly comprehend the risk and upside.
Iridium Communications stock data
IRDM Fundamentals
WallStreetZen was designed to help everyday investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on IRDM's stock page.
Is IRDM stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge IRDM's true value.
Using relative valuations metrics:
- IRDM could be overvalued based on its P/E ratio of 41x, relative to Telecom Services industry P/E ratio of 15.35x
- IRDM could be overvalued based on its P/B ratio of 4.44x, relative to Telecom Services industry P/B ratio of 1.77x
- IRDM could be overvalued based on its PEG ratio of 2.19x
You can access more valuation research on IRDM's stock here.
A quick look at IRDM Financials
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the IRDM balance sheet.
- IRDM profit margin has gone up from -2.5% to 11.1% in the past year.
Negative Financial Indicators:
- IRDM has a relatively high debt to equity ratio of 2.46.
- Total IRDM debt is higher than 5 years ago, relative to shareholder equity.
- IRDM earnings of $183.51M is not sufficient to cover its interest payments.
- IRDM's operating cash flow of $311.46M allows it to safely service it's debt of $1.65B.
- There are more long-term liabilities than short-term assets on the IRDM balance sheet.
Is Iridium Communications stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 Equities analysts who give ratings on IRDM, the consensus analyst rating on Iridium Communications is a Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Iridium Communications stock forecast page.
IRDM Technical Indicators
IRDM Revenue
Last year, IRDM revenue was $797.26M. Over the past 5 year, IRDM's revenue has grown by 7.88% per year. This was faster than the Telecom Services industry average of 3.49%.
Dig into IRDM's earnings and revenue performance here.
What are IRDM executives and large shareholders up to?
In the last 12 months, insiders at IRDM have sold more shares than they have bought.
Kathleen A. Morgan, CHIEF LEGAL OFFICER of IRDM, was the latest IRDM insider to sell. They sold $20,069.94 worth of IRDM stock on Oct 1, 2024.
Learn more about who owns IRDM shares here.
Does IRDM stock generate passive income?
Iridium Communications pays a dividend of 1.83%, compared to the Telecom Services industry's average dividend yield of 4.32%. If you owned $1,000 of IRDM stock, you would have received $18.29 last year.
Get more analysis about Iridium Communications dividend yield and history here.
What do other investors have to say about IRDM?
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your IRDM trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact price limit, use a limit order.
Click the Open button and your broker will execute your order.
If you need more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your IRDM investment
Now that you own some IRDM shares, you'll want to stay up-to-date on your investment.
Start a watchlist to track your IRDM stock.
IRDM Feed
How to Buy Stock in Iridium Communications
To reiterate, here are the 6 steps to buy Iridium Communications stock:
- Decide where to buy Iridium Communications stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Research Iridium Communications stock
- Execute your IRDM trade
- Keep tabs on your IRDM investment
If you need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your new investment in Iridium Communications, click the button below.
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