Why ORBCOMM Inc. (ORBC)’s Most Recent Report Reveals Some Hints About Its Future

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ORBCOMM Inc. (NASDAQ:ORBC) went up by 51.72% from its latest closing price compared to the recent 1-year high of $9.25. The company’s stock price has collected 3.56% of gains in the last five trading sessions. Press Release reported 1 hour ago that ORBCOMM Enters into Agreement to be Acquired by GI Partners

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Is It Worth Investing in ORBCOMM Inc. (NASDAQ :ORBC) Right Now?

Plus, the 36-month beta value for ORBC is at 1.41. Opinions of the stock are interesting as 5 analysts out of 5 who provided ratings for ORBCOMM Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $10.65, which is -$0.83 below the current price. ORBC currently public float of 74.27M and currently shorts hold a 2.33% ratio of that float. Today, the average trading volume of ORBC was 1.39M shares.

ORBC’s Market Performance

ORBC stocks went up by 3.56% for the week, with a monthly jump of 7.68% and a quarterly performance of 2.02%, while its annual performance rate touched 260.48%. The volatility ratio for the week stands at 3.89% while the volatility levels for the past 30 days are set at 5.31% for ORBCOMM Inc.. The simple moving average for the period of the last 20 days is 50.18% for ORBC stocks with a simple moving average of 102.91% for the last 200 days.

Analysts’ Opinion of ORBC

Many brokerage firms have already submitted their reports for ORBC stocks, with ROTH Capital repeating the rating for ORBC by listing it as a “Neutral.” The predicted price for ORBC in the upcoming period, according to ROTH Capital is $11.50 based on the research report published on April 08th of the current year 2021.

Canaccord Genuity, on the other hand, stated in their research note that they expect to see ORBC reach a price target of $11.50, previously predicting the price at $13. The rating they have provided for ORBC stocks is “Hold” according to the report published on April 08th, 2021.

Craig Hallum gave a rating of “Buy” to ORBC, setting the target price at $10 in the report published on February 24th of the current year.

ORBC Trading at 47.15% from the 50-Day Moving Average

After a stumble in the market that brought ORBC to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 24.16% of gains for the given period.

Volatility was left at 5.31%, however, over the last 30 days, the volatility rate increased by 3.89%, as shares surge +45.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +39.35% upper at present.

During the last 5 trading sessions, ORBC rose by +50.85%, which changed the moving average for the period of 200-days by +197.42% in comparison to the 20-day moving average, which settled at $7.83. In addition, ORBCOMM Inc. saw 2.02% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ORBC starting from Milcos Constantine, who sale 8,394 shares at the price of $7.02 back on Mar 08. After this action, Milcos Constantine now owns 104,008 shares of ORBCOMM Inc., valued at $58,938 using the latest closing price.

Stolte John J Jr, the EVP, Technology & Operations of ORBCOMM Inc., sale 5,441 shares at $7.02 during a trade that took place back on Mar 08, which means that Stolte John J Jr is holding 149,327 shares at $38,192 based on the most recent closing price.

Stock Fundamentals for ORBC

Current profitability levels for the company are sitting at:

  • +0.04 for the present operating margin
  • +33.41 for the gross margin

The net margin for ORBCOMM Inc. stands at -13.66. The total capital return value is set at 0.02, while invested capital returns managed to touch -7.30. Equity return is now at value -15.40, with -6.10 for asset returns.

Based on ORBCOMM Inc. (ORBC), the company’s capital structure generated 112.74 points at debt to equity in total, while total debt to capital is 52.99. Total debt to assets is 45.89, with long-term debt to equity ratio resting at 106.82. Finally, the long-term debt to capital ratio is 50.11.

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When we switch over and look at the enterprise to sales, we see a ratio of 3.12, with the company’s debt to enterprise value settled at 0.30. The receivables turnover for the company is 4.45 and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.22.

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