Media coverage about ORBCOMM (NASDAQ:ORBC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ORBCOMM earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 47.1266161759919 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Orbcomm releases analytics service for IoT portfolio (ccjdigital.com)
- Shipborne Automatic Identification System Market by 2025: Top Players Like SAAB AB, Furuno Electric, Exactearth, Orbcomm (digitaljournal.com)
- Orbcomm lifted by CNBC comparison to Roku (seekingalpha.com)
- Brokerages Expect ORBCOMM Inc (ORBC) Will Announce Quarterly Sales of $73.77 Million (americanbankingnews.com)
- Trader: Roku is breaking out, staying in the name (finance.yahoo.com)
ORBC has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded ORBCOMM from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. BidaskClub raised ORBCOMM from a “hold” rating to a “buy” rating in a report on Saturday, July 7th. Finally, ValuEngine raised ORBCOMM from a “hold” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $14.00.
NASDAQ ORBC traded up $0.26 on Friday, hitting $10.93. 1,913,576 shares of the company’s stock were exchanged, compared to its average volume of 739,288. The company has a current ratio of 2.53, a quick ratio of 1.81 and a debt-to-equity ratio of 0.94. ORBCOMM has a fifty-two week low of $8.50 and a fifty-two week high of $11.95. The stock has a market capitalization of $838.43 million, a price-to-earnings ratio of -13.01 and a beta of 1.04.
ORBCOMM (NASDAQ:ORBC) last released its earnings results on Wednesday, August 1st. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). The business had revenue of $70.79 million for the quarter, compared to analyst estimates of $71.14 million. ORBCOMM had a negative return on equity of 12.82% and a negative net margin of 22.71%. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) EPS. equities analysts forecast that ORBCOMM will post -0.27 earnings per share for the current fiscal year.
In other news, Director Jerome B. Eisenberg sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $10.06, for a total transaction of $50,300.00. Following the sale, the director now owns 944,998 shares of the company’s stock, valued at approximately $9,506,679.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 15,000 shares of company stock worth $145,450 in the last three months. Corporate insiders own 7.80% of the company’s stock.
ORBCOMM Inc provides Internet of Things solutions in the United States, South America, Japan, Europe, and internationally. The company offers solutions, including network connectivity, devices, device management, and Web reporting applications that are designed to track, monitor, control, and enhance security for various assets, including 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 industries for transportation and supply chain, heavy equipment, fixed asset monitoring, maritime, and government.
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