Iridium Communications (IRDM, Financial) experienced a significant stock price drop of 5.13%. The stock is currently trading at $28.56 per share with a trading volume of 357,789 shares and a turnover rate of 0.31%. The stock's volatility is marked by a 4.80% amplitude.
Recent financial reports show that Iridium Communications generated $213 million in revenue and a net profit of $24.45 million, resulting in an earnings per share (EPS) of $0.21. The company's gross profit stands at $105 million, with a price-to-earnings (P/E) ratio of 30.82. Among the nine institutions that rated the stock, 78% recommended buying, while 22% suggested holding, with no sell recommendations.
Within the telecommunications services sector, where Iridium operates, the overall growth was 2.80%. Notably, companies such as T-Mobile Us, Inc., Picocela Inc, and Radcom Ltd. saw significant gains. Other active stocks in the sector include Globalstar, T-Mobile Us, Inc., and Picocela Inc, with turnover rates of 3.02%, 0.51%, and 0.46%, respectively. Stocks with notable volatility include Globalstar, Picocela Inc, and Radcom Ltd., with amplitudes of 17.28%, 10.75%, and 8.21% respectively.
Iridium Communications provides voice and data communication services globally through a constellation of low Earth orbit satellites. Its solutions cater to industries such as maritime, aviation, government/military, emergency services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. The company also serves subscribers from the U.S. Department of Defense and other international civil and government agencies.
