Stock Price & Analysis

Based on the current analysis, IRDM stock is under pressure with mixed signals from analysts and a recent decline below key moving averages. It may be wise to hold or sell until more bullish indicators emerge.

The price prediction for IRDM stock in 2025 is expected to range between $28 and $40, with a potential upside driven by positive analyst sentiment and strategic investments. The stock currently faces short-term challenges, as indicated by crossing below the 200-day moving average and mixed technical indicators. However, with an average analyst price target of $39.50 and recent purchases by ARK Investment, IRDM could reach $34 by year-end.

The S1 support level for IRDM Stock is $26.76 ,The R1 resistant level for IRDM Stock is $30.2.

As of the end of day on 2025-03-24, the price of IRDM Stock was $28.07.

The target price for IRDM Stock according to analyst rating is 37.00, with the highest price target at 41.00 and the lowest at 30.00. Analysts have a Strong Buy rating on IRDM Stock overall.

The market cap of IRDM is $3.0B.

Analysis and Insights

Valuation Metrics:

IRDM's valuation metrics suggest potential overvaluation. The stock has a trailing P/E ratio of 30.83 and an EV/EBITDA of 12.3, both above industry averages. The price-to-sales ratio of 4.63 indicates a premium valuation relative to its revenue.

Technical Analysis:

IRDM's stock shows bearish signals. The RSI is 38.09, nearing oversold territory, while the MACD is negative, indicating downward momentum. The stock is below its 50 and 200-day moving averages, suggesting a downtrend.

Recent News and Analyst Sentiment:

Recent news includes ARK Investment's purchase of 122,000 shares, but Barclays lowered its price target to $38. Analysts are mixed, with some raising targets while others remain cautious.

Conclusion:

IRDM appears overvalued due to high valuation multiples and bearish technical indicators. Investors should exercise caution and consider waiting for a pullback or improved market conditions.

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 satellite network, which has an architecture of 66 operational satellites with in-orbit spares and related ground infrastructure. It utilizes an interlinked mesh architecture to route traffic across its satellite constellation using radio frequency crosslinks between satellites. It serves market, such as emergency services, maritime, aviation, government, utilities, oil and gas, mining, recreation, forestry, heavy equipment, construction, railways and other transportation. Its products include Satellite Handsets and Iridium GO!, Broadband Data Devices, Voice and Data Modems and Internet of Things Data Devices.

IRDM stock is predicted to reach $40 by 2030, driven by potential rebound from oversold conditions and long-term growth prospects. The stock's current oversold RSI of 30.50 and improving MACD histogram suggest a possible recovery. Fibonacci extensions indicate upside targets, with $40 aligning with long-term bullish scenarios.

IRDM has a total of 760 employees.