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Stock Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Iridium Communications Inc (NASDAQ:IRDM)

Bear Market Rally (-75) - IRDM is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on IRDM as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid IRDM?

MarketClub looks at technical strength and momentum to determine if the timing is right for IRDM.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_IRDM
Open High Low IRDM Price Change
25.750 26.370 25.645 26.265 +0.675
Entry Signal

MarketClub’s Trade Triangles for IRDM

long term down The long-term trend has been DOWN since Jul 25th, 2023 at 58.00

intermediate term down The intermediate-term trend has been DOWN since Jan 5th, 2024 at 38.91

short term up The short-term trend has been UP since Mar 27th, 2024 at 26.20

Smart Scan Analysis for IRDM

Based on our trend formula, IRDM is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for IRDM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.750 26.370 25.645 26.265 +0.675
Prev. Close Volume Bid Ask Time
26.300 959654 2024-03-27 15:58:24
Year High24.1Year High Date2018-10-01
Year Low10.75Year Low Date2018-03-05
52wk High68.3452wk High Date2023-04-24
52wk Low25.2752wk Low Date2024-03-25
Year End Close6.72Average Volume1,312,554
Shares Outstanding122,446Short Interest6,904,766
% Institutional87.2Market Cap3,483M
Assets266,177,500MLiabilities177,367,600M
P/E Ratio213.25Beta0.38
Volatility64.21
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