Stock Rating Upgrade
The Value Trend Rating for Iridium Communications Inc (NASDAQ: IRDM) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Iridium Communications Inc (NASDAQ: IRDM) stock declined by -3.2% on 2/21/25. The shares closed at $31.08. Moreover, above average trading volume at 122% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 12.1% during the last week.
Current PriceTarget Research Rating
Iridium Communications has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Iridium Communications has a poor Appreciation Score of 26 but a slightly positive Power Rating of 69, triggering the Low Neutral Value Trend Rating.
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