Can Iridium Communications Inc. (IRDM) stock recover despite sales dropping?

In yesterday’s Wall Street session, Iridium Communications Inc. (NASDAQ:IRDM) shares traded at $49.53, up 1.18% from the previous session. IRDM stock price is now -9.49% away from the 50-day moving average and -14.17% away from the 200-day moving average. The market capitalization of the company currently stands at $6.12B. With the price target reduced from […]

Do you still think Iridium Communications Inc. (NASDAQ:IRDM) is worth a look?

In yesterday’s Wall Street session, Iridium Communications Inc. (NASDAQ:IRDM) shares traded at $50.58, down -15.64% from the previous session. As of this writing, 6 analysts cover Iridium Communications Inc. (NASDAQ:IRDM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $75.00 and a […]