Somewhat Favorable Media Coverage Somewhat Unlikely to Impact ORBCOMM (ORBC) Stock Price
News stories about ORBCOMM (NASDAQ:ORBC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ORBCOMM earned a news impact score of 0.12 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.329117749539 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of ORBCOMM (NASDAQ ORBC) opened at $10.88 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.79 and a quick ratio of 2.21. ORBCOMM has a 12 month low of $7.77 and a 12 month high of $11.99. The company has a market cap of $808.31, a price-to-earnings ratio of -13.95 and a beta of 0.84.
ORBCOMM (NASDAQ:ORBC) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). The firm had revenue of $69.37 million during the quarter, compared to the consensus estimate of $65.62 million. ORBCOMM had a negative net margin of 25.32% and a negative return on equity of 8.01%. The company’s revenue for the quarter was up 49.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.04) earnings per share. sell-side analysts anticipate that ORBCOMM will post -0.84 earnings per share for the current year.
A number of research firms have recently commented on ORBC. BidaskClub raised shares of ORBCOMM from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Zacks Investment Research lowered shares of ORBCOMM from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $13.08.
In related news, EVP John J. Stolte, Jr. sold 39,230 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $10.45, for a total transaction of $409,953.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jerome B. Eisenberg sold 7,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $11.46, for a total transaction of $80,220.00. Following the transaction, the director now directly owns 967,363 shares in the company, valued at $11,085,979.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,224 shares of company stock worth $1,043,980. 9.50% of the stock is owned by insiders.
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ORBCOMM Inc is a provider of Internet of Things (IoT) solutions, including network connectivity, devices, device management and Web reporting applications. The Company’s IoT products and services are designed to track, monitor and manage security for a range of assets, such as trailers, trucks, rail cars, sea containers, generators, fluid tanks, marine vessels, diesel or electric powered generators (gensets), oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters, in industries for transportation and supply chain, heavy equipment, fixed asset monitoring, maritime and government.
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