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NASDAQ:ORBC

ORBCOMM Stock Forecast, Price & News

$3.42
-0.06 (-1.72 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$3.34
Now: $3.42
$3.54
50-Day Range
$3.44
MA: $3.97
$4.39
52-Week Range
$1.24
Now: $3.42
$5.08
Volume234,250 shs
Average Volume744,069 shs
Market Capitalization$266.60 million
P/E RatioN/A
Dividend YieldN/A
Beta1.17
ORBCOMM Inc. provides Internet of Things solutions in the United States, South America, Japan, Europe, and internationally. The company offers network connectivity, devices, device management, and Web reporting applications that are designed to track, monitor, control, and enhance security for various assets, such as trailers, trucks, rail cars, sea containers, power generators, fluid tanks, marine vessels, diesel or electric powered generators, oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters in transportation and supply chain, heavy equipment, fixed asset monitoring, and maritime industries, as well as for governments. It also provides satellite automatic identification service data services for vessel navigation and to enhance maritime safety for government and commercial customers; and vehicle fleet management, as well as in-cab and fleet vehicle solutions using various network platforms, including its own constellation of low-Earth orbit satellites and accompanying ground infrastructure, as well as terrestrial-based cellular communication services through reseller agreements with various cellular wireless providers. In addition, the company offers customer solutions utilizing additional satellite network service options through service agreements with third party mobile satellite providers; and resells service using the two-way Inmarsat satellite network to provide higher bandwidth. It markets and sells its products and services directly to original equipment manufacturers, government customers, and end-users, as well as indirectly through market channel partners and affiliates. The company has a strategic alliance with Inmarsat plc. ORBCOMM Inc. was founded in 2001 and is headquartered in Rochelle Park, New Jersey.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.57 out of 5 stars


Industry, Sector and Symbol

Industry Communication services, not elsewhere classified
Sub-IndustryAlternative Carriers
Current SymbolNASDAQ:ORBC
CUSIP68555P10
Phone703-433-6300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$272.01 million
Cash Flow$0.39 per share
Book Value$3.03 per share

Profitability

Net Income$-18,420,000.00

Miscellaneous

Employees785
Market Cap$266.60 million
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$3.42
-0.06 (-1.72 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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ORBCOMM (NASDAQ:ORBC) Frequently Asked Questions

How has ORBCOMM's stock price been impacted by Coronavirus (COVID-19)?

ORBCOMM's stock was trading at $2.17 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ORBC shares have increased by 57.6% and is now trading at $3.42.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of ORBCOMM?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ORBCOMM in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for ORBCOMM
.

When is ORBCOMM's next earnings date?

ORBCOMM is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for ORBCOMM
.

How were ORBCOMM's earnings last quarter?

ORBCOMM Inc (NASDAQ:ORBC) released its quarterly earnings data on Thursday, July, 30th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.05. The technology company had revenue of $56.73 million for the quarter, compared to analysts' expectations of $56.21 million. ORBCOMM had a negative net margin of 7.71% and a negative return on equity of 8.66%.
View ORBCOMM's earnings history
.

What guidance has ORBCOMM issued on next quarter's earnings?

ORBCOMM updated its third quarter 2020 Pre-Market earnings guidance on Thursday, July, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $59-62 million, compared to the consensus revenue estimate of $59.83 million.

What price target have analysts set for ORBC?

1 analysts have issued 1 year price targets for ORBCOMM's stock. Their forecasts range from $8.00 to $750.00. On average, they expect ORBCOMM's share price to reach $379.00 in the next twelve months. This suggests a possible upside of 10,981.9% from the stock's current price.
View analysts' price targets for ORBCOMM
.

Are investors shorting ORBCOMM?

ORBCOMM saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,660,000 shares, a decrease of 15.7% from the August 15th total of 1,970,000 shares. Based on an average daily trading volume, of 603,100 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.3% of the shares of the stock are sold short.
View ORBCOMM's Short Interest
.

Who are some of ORBCOMM's key competitors?

What other stocks do shareholders of ORBCOMM own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ORBCOMM investors own include Enerplus (ERF), Intel (INTC), Matinas BioPharma (MTNB), Sorrento Therapeutics (SRNE), Chesapeake Energy (CHKAQ), Geron (GERN), Nokia Oyj (NOK), OrganiGram (OGI), QUALCOMM (QCOM) and ADMA Biologics (ADMA).

Who are ORBCOMM's key executives?

ORBCOMM's management team includes the following people:
  • Mr. Marc J. Eisenberg, CEO, Pres & Director (Age 53)
  • Mr. John J. Stolte Jr., Exec. VP of Technology & Operations (Age 59)
  • Mr. Christian G. Le Brun, Exec. VP, Gen. Counsel & Sec. (Age 51)
  • Mr. Craig E. Malone, Exec. VP of Product Devel. (Age 56)
  • Mr. Constantine Milcos, Sr. VP. Chief Accounting Officer & Interim CFO (Age 54)

What is ORBCOMM's stock symbol?

ORBCOMM trades on the NASDAQ under the ticker symbol "ORBC."

Who are ORBCOMM's major shareholders?

ORBCOMM's stock is owned by many different retail and institutional investors. Top institutional shareholders include Rockefeller Capital Management L.P. (3.51%), Goldman Sachs Group Inc. (2.87%), Two Sigma Advisers LP (1.11%), Assenagon Asset Management S.A. (1.06%), Jacobs Levy Equity Management Inc. (0.83%) and Mutual of America Capital Management LLC (0.70%). Company insiders that own ORBCOMM stock include Adage Capital Partners Gp, LL, Brun Christian Le, Constantine Milcos, Jerome B Eisenberg, John E Major, John J Stolte Jr, Marc Eisenberg and Michael W Ford.
View institutional ownership trends for ORBCOMM
.

Which institutional investors are selling ORBCOMM stock?

ORBC stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Cerity Partners LLC, Jacobs Levy Equity Management Inc., Nuveen Asset Management LLC, Rockefeller Capital Management L.P., Bank of America Corp DE, Goldman Sachs Group Inc., and PDT Partners LLC. Company insiders that have sold ORBCOMM company stock in the last year include Adage Capital Partners Gp, LL, and Brun Christian Le.
View insider buying and selling activity for ORBCOMM
.

Which institutional investors are buying ORBCOMM stock?

ORBC stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Teacher Retirement System of Texas, Raymond James Financial Services Advisors Inc., CIBC Private Wealth Group LLC, Dupont Capital Management Corp, Two Sigma Advisers LP, Alberta Investment Management Corp, and Principal Financial Group Inc.. Company insiders that have bought ORBCOMM stock in the last two years include Constantine Milcos, Jerome B Eisenberg, John E Major, and Marc Eisenberg.
View insider buying and selling activity for ORBCOMM
.

How do I buy shares of ORBCOMM?

Shares of ORBC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is ORBCOMM's stock price today?

One share of ORBC stock can currently be purchased for approximately $3.42.

How big of a company is ORBCOMM?

ORBCOMM has a market capitalization of $266.60 million and generates $272.01 million in revenue each year. The technology company earns $-18,420,000.00 in net income (profit) each year or ($0.23) on an earnings per share basis. ORBCOMM employs 785 workers across the globe.

What is ORBCOMM's official website?

The official website for ORBCOMM is www.orbcomm.com.

How can I contact ORBCOMM?

ORBCOMM's mailing address is 395 W PASSAIC STREET, ROCHELLE PARK NJ, 07662. The technology company can be reached via phone at 703-433-6300 or via email at [email protected]

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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