Stock price performance of Iridium Communications Inc is analyzed for various periods using several stock trading signals. In this case, The stock price has rallied 12.5% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 16.61% . Looking at the past 52 week period, the stock price is up at 46.45% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Iridium Communications Inc has a positive value of 21.98 compared to overall market. For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a 20-day Moving Average of 1.08% and the 50-Day Moving Average is 4.96%.The 200 Day SMA reached 18.76%
Iridium Communications Inc. is having a Relative Strength Index of 45.61 which indicates the stock is not yet over sold or over bought based on the technical indicators. Iridium Communications Inc (NASDAQ:IRDM) has tumbled 4.35% during the past week and has dropped 7.48% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.46%. Iridium Communications Inc (NASDAQ:IRDM) has underperformed the index by 8.3% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Company has reported several Insider transactions to the SEC, on Dec 19, 2016, A B Krongard (director) purchased 50,000 shares at 9.95 per share price.On Sep 12, 2016, Matthew J Desch (CEO) purchased 15,000 shares at 6.98 per share price.On Sep 8, 2016, Barry West (director) purchased 10,000 shares at 7.25 per share price.
Iridium Communications Inc Last issued its quarterly earnings results on Oct 27, 2016. The company reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.23. The company had revenue of $112.80 million for the quarter, compared to analysts expectations of $111.21 million. The companys revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Iridium Communications Inc (NASDAQ:IRDM) : On Friday heightened volatility was witnessed in Iridium Communications Inc (NASDAQ:IRDM) which led to swings in the share price. The stock opened for trading at $9.8 and hit $9.95 on the upside , eventually ending the session at $9.9, with a gain of 1.54% or 0.15 points. The heightened volatility saw the trading volume jump to 1,516,101 shares. The 52-week high of the share price is $11.54 and the company has a market cap of $948 million. The 52-week low of the share price is at $6.14 .
Iridium Communications Inc., formerly GHL Acquisition Corp., is a provider of mobile voice and data communications services via satellite, and the provider of mobile satellite communications services offering 100% global coverage. Iridium offers voice and data communications services to the U.S. and foreign governments, businesses, non-governmental organizations and consumers via its constellation of 66 in-orbit satellites, seven in-orbit spares and related ground infrastructure. Iridiums commercial end-user base includes the emergency services, maritime, government, utilities, oil and gas, mining, leisure, forestry, construction and transportation markets. Iridiums products and related applications are installed in unmanned aerial vehicles, helicopters, commercial aircrafts, marine vessels, and ground vehicles.