Published on 30 May 2024 on Simply Wall St. via Yahoo Finance
The past year for Iridium Communications (NASDAQ:IRDM) investors has not been profitable
It's easy to match the overall market return by buying an index fund. While individual stocks can be big winners, plenty more fail to generate satisfactory returns. For example, the Iridium Communications Inc. (NASDAQ:IRDM) share price is down 50% in the last year. That's well below the market return of 27%. Longer term shareholders haven't suffered as badly, since the stock is down a comparatively less painful 21% in three years.
Now let's have a look at the company's fundamentals, and see if the long term shareholder return has matched the performance of the underlying business.