Alert: Negative Investment/Fundamental Signals (4/1/24)-Iridium Communications Inc (NASDAQ: IRDM)


Iridium Communications Inc (NASDAQ: IRDM). Important negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.

Significant negative changes in investment behavior have recently occurred for Iridium Communications Inc (NASDAQ: IRDM): negative upside/downside volume developed.

In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

IRDM is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Iridium Communications has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Iridium Communications has a very low Appreciation Score of 14 and a very low Power Rating of 4, triggering the Lowest Value Trend Rating.

Recent Price Action

Iridium Communications Inc (NASDAQ: IRDM) stock declined slightly by -0.6% on 4/1/24. The stock closed at $25.99. This decline was accompanied by normal trading volume. The stock has been extremely weak relative to the market over the last nine months and is unchanged during the last week.

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