# Iridium Communications Inc.  Share Price Target ‘$39.80’, now 48.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/iridium-communications-inc.share-price-target-39.80-now-48.4-upside-potential/4121163827
- Published: 2024-07-05T16:59:38+01:00
- Author: Charlotte Edwards

**Iridium Communications Inc.** with ticker code (IRDM) now have 5 confirmed analysts
covering the stock with the consensus suggesting a rating of ‘buy’. The target price
High/Low ranges between $50.00 and $30.00 suggesting an average analyst share price
target price of $39.80. (at the time of writing). Given that the stocks previous
close was at $26.82 and the analysts are correct then there would likely be a percentage
uptick in value of 48.4%. Also worth taking note is the 50 day moving average now
sits at $28.88 while the 200 day moving average is $34.04. The total market capitalization
for the company now stands at 3.24B. The stock price for the company is currently
$26.71 USD

 The potential market cap would be $4,813,052,358 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 133.55, revenue per share of $6.33
and a 3.25% return on assets.

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 upgraded satellite network, which has an architecture
of approximately 66 operational satellites with in-orbit and ground spares and related
ground infrastructure. The Company’s principal lines of business include land-mobile,
maritime, aviation, Internet of things (IoT), hosted payloads and other data services,
and United States (U.S.) Government. Its products include Satellite Handsets and
Iridium GO!, Broadband Data Devices, Voice and Data Modems, and Internet of Things
Data Devices. The Company sells its products and services to customers through a
wholesale distribution network of approximately 85 service providers.

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