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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 $30.44, up 0% from the previous day, and has decreased 50.62% in one year. It has underperformed other stocks in the Telecom Services industry by 0.36 percentage points. Iridium Communications stock is currently +26.1% from its 52-week low of $24.14, and -53.26% from its 52-week high of $65.12.

At the moment, there are 121.43M shares of IRDM outstanding. The market capitalization of IRDM is $3.70B. In the last 24 hours, 457,494 IRDM shares were traded.

How to Buy Iridium Communications Stock

Wondering how to invest in Iridium Communications stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Choose your payment method and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  1. Send your details by pressing the "Create Account" button.
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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.

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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 Price
$30.44
1w %
1.26%
1y %
-50.62%
5y %
24.04%
P/E
144.95x
P/B
4.33x
P/S
4.75x
PEG
3.74x
Revenue
$789.30M
Earnings
$25.29M
Fore. Rev. Growth
2.27%
Fore. Earn. Growth
43.1%
Market Cap
$3.70B
Next Earnings
May 21, 2024
Next Dividend
N/A

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 144.95x, relative to Telecom Services industry P/E ratio of 18x
  • IRDM could be overvalued based on its P/B ratio of 4.33x, relative to Telecom Services industry P/B ratio of 1.6x
  • IRDM could be overvalued based on its PEG ratio of 3.74x

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 2.1% to 3.2% in the past year.

Negative Financial Indicators:

  • IRDM has a relatively high debt to equity ratio of 2.21.
  • Total IRDM debt is higher than 5 years ago, relative to shareholder equity.
  • IRDM earnings of $105.59M is not sufficient to cover its interest payments.
  • IRDM's operating cash flow of $317.40M allows it to safely service it's debt of $1.60B.
  • 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 3 Equities analysts who give ratings on IRDM, the consensus analyst rating on Iridium Communications is a Strong 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

SMA10
30.24
SMA20
30.1
SMA50
27.77
SMA100
31.46
SMA200
37.38
MACD
0.75
MACD Signal
0.82
MACD Histogram
-0.07
RSI
60.72
Stochastic %K
37.85
Stochastic %D
41.42
StochRSI %K
19.45
StochRSI %D
16.01

IRDM Revenue

Last year, IRDM earnings were $25.29M. Over the past 1 years, IRDM's earnings have grown by 50% per year. This was faster than the Telecom Services industry average of 8.83%.

Last year, IRDM revenue was $789.30M. In the last five year, IRDM's revenue has gone up by 7.99% per year. This was faster than the Telecom Services industry average of 3.25%.

Dig into IRDM's earnings and revenue performance here.

Are IRDM executives and large shareholders buying or selling the stock?

In the past 12 months, executives and large shareholders 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 $16,789.54 worth of IRDM stock on Apr 1, 2024.

Learn more about who owns IRDM shares here.

Can I rely on IRDM as an income stream?

Iridium Communications pays a dividend of 1.71%, compared to the Telecom Services industry's average dividend yield of 4.21%. If you owned $1,000 worth of IRDM stock, you would have received $17.08 in the past year.

Find more data about Iridium Communications dividend yield and history here.

What do other investors have to say about IRDM?

One of the major reasons eToro is our top-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

You have two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually sufficient.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a given dollar amount, use a limit order.

Hit the Open Trade button and your broker will execute the order.

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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 new company.

Create a watchlist to track the most important metrics related to your IRDM stock.

IRDM Feed

How to Buy Stock in Iridium Communications

To reiterate, here are the 6 steps you need to take to buy Iridium Communications stock right now:

  1. Decide where to buy Iridium Communications stock
  2. Sign up for your brokerage account
  3. Deposit funds into your brokerage account
  4. Research Iridium Communications stock
  5. Execute your IRDM trade
  6. Keep tabs on your IRDM investment

If you require a online brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to track your investment in Iridium Communications, create your watchlist below.

NASDAQ: IRDM
$30.44+0.00 (+0%)
Updated May 16, 2024
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NASDAQ: IRDM
$30.44+0.00 (+0%)
Updated May 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Iridium Communications share?

As of May 16, 2024, it costs $30.44 to buy one share of Iridium Communications stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.329 shares of IRDM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Iridium Communications stock?

According to 3 Wall Street analysts who monitor Iridium Communications, their consensus recommendation is to buy Iridium Communications stock.

What is the best way to buy Iridium Communications stock?

One way to place an order for Iridium Communications stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.