Chardan Capital Keeps Their Hold Rating on Orbcomm Inc (ORBC)


Chardan Capital analyst James McIlree reiterated a Hold rating on Orbcomm Inc (ORBC) yesterday. The company’s shares closed last Monday at $4.41, close to its 52-week low of $4.33.

According to TipRanks.com, McIlree has 0 stars on 0-5 star ranking scale with an average return of -9.0% and a 35.5% success rate. McIlree covers the Consumer Goods sector, focusing on stocks such as Foresight Autonomous Holdings Ltd, Vuzix Corporation, and Arcimoto Inc.

Orbcomm Inc has an analyst consensus of Strong Buy, with a price target consensus of $8.17.

See today’s analyst top recommended stocks >>

The company has a one-year high of $10.47 and a one-year low of $4.33. Currently, Orbcomm Inc has an average volume of 978.8K.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ORBC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

ORBCOMM, Inc. engages in the provision of network connectivity, devices, device management, and web reporting applications. Its products are designed to track, monitor, control and enhance security for a variety of assets, such as heavy equipment; fixed asset monitoring; government and homeland security; and in industries for manufacturing, warehousing, and supply chain management. It operates through the following geographical segments: United States, South America, Japan, Europe, and Other. The company was founded on April 4, 2001 and is headquartered in Rochelle Park, NJ.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts