# Iridium Communications Inc (IRDM)

Iridium Communications Inc. provides mobile voice and data communications products and services to businesses, governments in the United States and other countries, non-governmental organizations, and consumers around the world. The company is headquartered in McLean, Virginia.

## Stock Price Trends

Stock price trends estimated using linear regression.

#### Key facts

• The primary trend is decreasing.
• The decline rate of the primary trend is 51.99% per annum.
• IRDM price at the close of August 13, 2024 was \$26.85 and was inside the primary price channel.
• The secondary trend is decreasing.
• The decline rate of the secondary trend is 5.92% per annum.
• IRDM price at the close of August 13, 2024 was inside the secondary price channel.

### Linear Regression Model

Model equation:
Yi = α + β × Xi + εi

Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)

Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)

where:

i - observation number
Yi - natural logarithm of IRDM price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e

### Primary Trend

Start date: February 17, 2023
End date: July 25, 2024

a = 6.8158

b = -0.0020

s = 0.0899

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0020) – 1
= -51.99%

Exp(4 × s) – 1
= Exp(4 × 0.0899) – 1
= 43.28%

#### February 17, 2023 calculations

Top border of price channel:

Exp(Y885)
= Exp(a + b × X885 + 2 × s)
= Exp(a + b × 1,283 + 2 × s)
= Exp(6.8158 + -0.0020 × 1,283 + 2 × 0.0899)
= Exp(4.4167)
= \$82.82

Bottom border of price channel:

Exp(Y885)
= Exp(a + b × X885 – 2 × s)
= Exp(a + b × 1,283 – 2 × s)
= Exp(6.8158 + -0.0020 × 1,283 – 2 × 0.0899)
= Exp(4.0571)
= \$57.80

#### July 25, 2024 calculations

Top border of price channel:

Exp(Y1,244)
= Exp(a + b × X1,244 + 2 × s)
= Exp(a + b × 1,807 + 2 × s)
= Exp(6.8158 + -0.0020 × 1,807 + 2 × 0.0899)
= Exp(3.3634)
= \$28.89

Bottom border of price channel:

Exp(Y1,244)
= Exp(a + b × X1,244 – 2 × s)
= Exp(a + b × 1,807 – 2 × s)
= Exp(6.8158 + -0.0020 × 1,807 – 2 × 0.0899)
= Exp(3.0038)
= \$20.16

#### Description

• The primary trend is decreasing.
• The decline rate of the primary trend is 51.99% per annum.
• IRDM price at the close of August 13, 2024 was \$26.85 and was inside the primary price channel.

### Secondary Trend

Start date: February 15, 2024
End date: August 13, 2024

a = 3.6092

b = -0.0002

s = 0.0673

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -5.92%

Exp(4 × s) – 1
= Exp(4 × 0.0673) – 1
= 30.87%

#### February 15, 2024 calculations

Top border of price channel:

Exp(Y1,134)
= Exp(a + b × X1,134 + 2 × s)
= Exp(a + b × 1,646 + 2 × s)
= Exp(3.6092 + -0.0002 × 1,646 + 2 × 0.0673)
= Exp(3.4688)
= \$32.10

Bottom border of price channel:

Exp(Y1,134)
= Exp(a + b × X1,134 – 2 × s)
= Exp(a + b × 1,646 – 2 × s)
= Exp(3.6092 + -0.0002 × 1,646 – 2 × 0.0673)
= Exp(3.1997)
= \$24.52

#### August 13, 2024 calculations

Top border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.6092 + -0.0002 × 1,826 + 2 × 0.0673)
= Exp(3.4387)
= \$31.15

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.6092 + -0.0002 × 1,826 – 2 × 0.0673)
= Exp(3.1696)
= \$23.80

#### Description

• The secondary trend is decreasing.
• The decline rate of the secondary trend is 5.92% per annum.
• IRDM price at the close of August 13, 2024 was inside the secondary price channel.