Iridium Communications: Stock Valuation Check Amid Rebound

Iridium Communications (IRDM) shares have rebounded over the past month and three months, but declined 31.3% in the past year. The recent 14.0% 90-day share price return and 3.5% 30-day share price return hint at improving momentum. With annual revenue of $871.71 million and net income of $125.848 million, investors are reassessing the satellite communications provider's fit into their portfolios. The most followed valuation narrative pegs fair value at $38.60, roughly double the recent share price.