News stories about ORBCOMM (NASDAQ:ORBC) have been trending somewhat positive on Thursday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ORBCOMM earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.5717863320034 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
Several brokerages recently weighed in on ORBC. BidaskClub upgraded ORBCOMM from a “sell” rating to a “hold” rating in a research report on Wednesday, May 30th. Zacks Investment Research lowered ORBCOMM from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Chardan Capital reiterated a “buy” rating on shares of ORBCOMM in a research report on Sunday, March 4th. Finally, Canaccord Genuity lowered their price objective on ORBCOMM from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.00.
ORBCOMM stock traded down $0.20 during mid-day trading on Thursday, hitting $9.97. The company’s stock had a trading volume of 12,443 shares, compared to its average volume of 521,982. The firm has a market capitalization of $806.97 million, a price-to-earnings ratio of -11.89 and a beta of 1.04. ORBCOMM has a 1 year low of $8.50 and a 1 year high of $11.99. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.34 and a current ratio of 2.01.
ORBCOMM (NASDAQ:ORBC) last issued its quarterly earnings data on Thursday, May 3rd. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The business had revenue of $67.97 million during the quarter, compared to analysts’ expectations of $67.60 million. ORBCOMM had a negative return on equity of 12.88% and a negative net margin of 25.17%. The company’s revenue was up 30.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) earnings per share. analysts forecast that ORBCOMM will post -0.25 EPS for the current year.
In other news, Director Jerome B. Eisenberg sold 5,000 shares of the firm’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $9.62, for a total transaction of $48,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 16,200 shares of company stock valued at $152,000. Company insiders own 7.80% of the company’s stock.
ORBCOMM Company Profile
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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