ORBCOMM Inc. (NASDAQ:ORBC) has a beta of 1.58. The stock’s Relative Strength Index (RSI) is 59.83, with weekly volatility at 0.47% and ATR at 0.07. The ORBC stock’s 52-week price range has touched low of $2.67 and a $11.55 high. Its shares traded lower over the last trading session, losing -0.36% on 05/28/21. The shares fell to a low of $11.19 before closing at $11.19. Intraday shares traded counted 0.62 million, which was 77.87% higher than its 30-day average trading volume of 2.78M. ORBC’s previous close was $11.23 while the outstanding shares total 79.07M.
Investors have identified the Telecom Services company ORBCOMM Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $892.96 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
ORBCOMM Inc. (ORBC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 139.55 million total, with 66.41 million as their total liabilities.
ORBC were able to record 1.02 million as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by -2.04 million. In cash movements, the company had a total of 6.67 million as operating cash flow.
Potential earnings growth for ORBCOMM Inc. (ORBC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, ORBCOMM Inc. recorded a total of 63.7 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -3.9% coming in sequential stages and their sales for the 08/05/2021 quarter reducing by -0.19%.
Having a look at the company’s valuation, the company is expected to record -0.03 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ORBC sounds very interesting.
Is the stock of ORBC attractive?
In related news, EVP and CFO, Milcos Constantine sold 8,394 shares of the company’s stock in a transaction that recorded on Mar 08. The sale was performed at an average price of 7.02, for a total value of 58,938. As the sale deal closes, the EVP, Technology & Operations, Stolte John J Jr now sold 5,441 shares of the company’s stock, valued at 38,192. Also, EVP of Product Development, Malone Craig sold 5,596 shares of the company’s stock in a deal that was recorded on Mar 08. The shares were price at an average price of 7.02 per share, with a total market value of 39,292. Following this completion of acquisition, the Chief Executive Officer, Eisenberg Marc now holds 31,091 shares of the company’s stock, valued at 218,309. In the last 6 months, insiders have changed their ownership in shares of company stock by 3.10%.
0 out of 5 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on ORBCOMM Inc.. 1 analysts has assigned a Sell rating on the ORBC stock. The 12-month mean consensus price target for the company’s shares has been set at $11.50.