IRDM Forecast


Bullish Case: IRDM's growth in commercial IoT, undergirded by robust government contracts, could drive strong performance, especially as new government budget boosts and commercial demand for satellite communications surge.


Bearish Case: IRDM faces vulnerability from high dependency on government contracts in a fluctuating political and economic environment, compounded by recent price declines and stunted short-term growth expectations.


Potential Outcomes:

1) Government contract renewal: 40%.

2) Significant IoT contracts: 30%.

3) Adverse budget cuts: 15%.

4) Maintaining the status quo with slight price stabilization: 15%.


Trading Oracle: Sign Up to access trading oracle trade ideas.


May 07, 2024


Iridium Communications Forecast

IRDM        Iridium Communications
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with IRDM



BNGO Forecast + Options Trading Strategies   BNGO  Bionano Genomics (0.97)


BIIB Forecast + Options Trading Strategies   BIIB  Biogen (0.96)


PRTA Forecast + Options Trading Strategies   PRTA  Prothena (0.96)


SGML Forecast + Options Trading Strategies   SGML  Sigma Lithium (0.96)


PLL Forecast + Options Trading Strategies   PLL  Piedmont Lithium (0.96)



Uncorrelated Stock Forecasts

Assets with little price relationship to IRDM



AXSM Forecast + Options Trading Strategies   AXSM  Axsome Therapeutics (-0.0)


WCC Forecast + Options Trading Strategies   WCC  Wesco International (-0.0)


PHG Forecast + Options Trading Strategies   PHG  Koninklijke Philips (-0.0)


GOEV Forecast + Options Trading Strategies   GOEV  Canoo (-0.01)


HON Forecast + Options Trading Strategies   HON  Honeywell International (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against IRDM



BWXT Forecast + Options Trading Strategies   BWXT  BWX (-0.94)


XPO Forecast + Options Trading Strategies   XPO  XPO Logistics (-0.94)


CEG Forecast + Options Trading Strategies   CEG  Constellation Energy (-0.95)


WRB Forecast + Options Trading Strategies   WRB  W.R. Berkley (-0.95)


FRO Forecast + Options Trading Strategies   FRO  Frontline (-0.95)





Become a more profitable investor with AI optimized trading strategies






×

Chat with IRDM


 Ask any question about IRDM!