Momentum Stock Watch: ORBCOMM Inc. (ORBC)

Company Profile:

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. The company has a strategic alliance with Inmarsat plc. ORBCOMM Inc. was founded in 2001 and is headquartered in Rochelle Park, New Jersey.

Recent News:

On Sept. 15, 2020, the company announced that Rick Ochsendorf has joined its executive leadership team as Senior Vice President of Customer Operations for its North America transportation business.

The company reported total Revenues for the second quarter of 2020 were $56.7 million compared to $67.1 million in the prior year period. Service Revenues were $38.4 million in the second quarter of 2020 compared to $39.7 million in the same period last year.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

ORBC’s strengths can be seen in its better growth compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, MACD is trying to cross back up and The RSI stands at 45.25 with positive bias. We rate ORBCOMM Inc. (ORBC) a STRONG BUY.

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