We recently published an article titled Gold Miners Dominate Tuesday's Worst-Performing Stocks. In this article, we are going to take a look at where Iridium Communications Inc. (NASDAQ:IRDM) stands against the other stocks.

Wall Street’s main indices bounced back from a bloodbath on Tuesday as investors gobbled up shares on hopes that the US-China trade tensions can subside.

The Dow Jones rallied by 2.66 percent, the S&P 500 rose by 2.51 percent, and the Nasdaq surged by 2.71 percent.

Despite a broader market optimism, 10 companies, predominantly gold miners, were heavily sold down amid lower gold prices.

To come up with the list, we considered only the stocks with more than $1 billion in market capitalization and $5 million in trading volume.

A technician inspecting a satellite dish, highlighting the Mobile Voice and Data Services scope.

Iridium Communications Inc. (NASDAQ:IRDM)

Iridium Communications Inc. (NASDAQ:IRDM) dropped for a third straight day on Tuesday, shedding 6.85 percent to close at $21.61, shunning better earnings performance for the first quarter of the year.

In a statement on Tuesday, Iridium Communications Inc. (NASDAQ:IRDM) said that it achieved a 56-percent increase in net income for the January to March period, at $30.4 million from $19.65 million year-on-year.

Operational EBITDA was at $122.1 million, marking a 6-percent increase from $115 million in the prior-year period.

Meanwhile, revenues stood at $214.9 million, consisting of $154.3 million of service revenue and $60.6 million of revenue related to equipment sales and engineering and support projects.

Iridium Communications Inc. (NASDAQ:IRDM) said total revenues increased by 5 percent year-on-year.

Overall IRDM ranks 2nd on our list of Tuesday's worst-performing stocks. While we acknowledge the potential of IRDM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than IRDM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

 

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

 

Disclosure: None. This article is originally published at Insider Monkey.