IRDM Forecast


Bullish Case: IRDM's STL service expansion in Europe and Asia Pacific along with continued government contracts supports potential revenue growth.


Bearish Case: Heavy dependence on government contracts subjects IRDM to significant risks from budget cuts and geopolitical factors.


Potential Outcomes: Government contract renewal 40%, commercial IoT expansion 30%, share repurchase announcement 15%, budget cuts affecting contracts 15%.


Trading Oracle: Focus on bullish debit spreads with a time outlook of 3-6 months. Leverage low volatility and potential stabilization. Monitor for earnings and government funding updates. This strategy balances risk and high reward potential with a high probability of profit.


July 07, 2024


Iridium Communications Forecast

IRDM      Iridium Communications











Correlated Assets

Assets that tend to move strongly with IRDM



SGML Forecast + Options Trading Strategies   SGML  Sigma Lithium (0.94)


MED Forecast + Options Trading Strategies   MED  Medifast (0.92)


BMBL Forecast + Options Trading Strategies   BMBL  Bumble (0.92)


WW Forecast + Options Trading Strategies   WW  WW International (0.92)


IONQ Forecast + Options Trading Strategies   IONQ  IonQ (0.91)



Uncorrelated Assets

Assets with little price relationship to IRDM



ULTA Forecast + Options Trading Strategies   ULTA  Ulta Beauty (0.0)


CRI Forecast + Options Trading Strategies   CRI  Carters (-0.0)


CAG Forecast + Options Trading Strategies   CAG  Conagra Brands (0.0)


ESTA Forecast + Options Trading Strategies   ESTA  Establishment Labs (-0.01)


IVZ Forecast + Options Trading Strategies   IVZ  Invesco Ltd (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against IRDM



PGR Forecast + Options Trading Strategies   PGR  Progressive (-0.9)


MCK Forecast + Options Trading Strategies   MCK  Mckesson (-0.9)


MPLX Forecast + Options Trading Strategies   MPLX  MPLX (-0.9)


NU Forecast + Options Trading Strategies   NU  Nu Holdings (-0.91)


GEO Forecast + Options Trading Strategies   GEO  Geo Group (-0.91)





Become a more profitable investor with AI optimized trading strategies






×

Chat with IRDM


 Ask any question about IRDM!