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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Iridium Communications (IRDM)
Founded in 2000 and headquartered in McLean, VA, Iridium Communications Inc is a satellite communications company that offers dedicated commercial global voice and data communications services to both businesses and governments in the U.S. as well as globally. It also works with non-governmental organizations.
IRDM boasts a Momentum Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Iridium Communications has seen some interesting price action recently; the stock is up 6.7% over the past one week and up 10.7% over the past four weeks. And in the last one-year period, IRDM has lost 15.4%. As for the stock's trading volume, 1,539,223.25 shares on average were traded over the last 20 days.
Momentum investors also pay close attention to a company's earnings. For IRDM, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $1.01 per share for 2025. IRDM boasts an average earnings surprise of 40.9%.
Investors should take the time to consider IRDM for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Iridium Communications Inc (IRDM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).