Recent exceptional negative changes in investment behavior have affected Iridium Communications Inc (NASDAQ: IRDM): the stock’s recent price decline challenged its longer term uptrend, its longer term price trend turned down, and negative upside/downside volume developed.
Iridium Communications Inc (NASDAQ: IRDM) suffers from meaningful negative changes in fundamentals: the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Iridium Communications has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Iridium Communications has a neutral Power Rating of 50 but a poor Appreciation Score of 18, leading to the Negative Value Trend Rating.
Recent Price Action
Iridium Communications Inc (NASDAQ: IRDM) stock closed at $28.38 on 2/3/25 after a modest decline of -1.3%. Moreover, trading volume in this decline was above average at 148% of normal. The stock has performed in line with the market over the last nine months and has declined -8.5% during the last week.
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