ORBCOMM Inc. (NASDAQ:ORBC) has been recommended as a long term growth pick according to Beta Research. With their stock price currently trading around $10.54, the firm has proven a solid track record of growth over the past few years. Investors might consider the stock as a long term growth candidate as the firm has yielded 50.00% earnings per share growth over the past 5 years and 32.20% revenue growth over that same time frame.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, ORBCOMM Inc. (NASDAQ:ORBC)’s stock was 3.54%. Over the last week of the month, it was -4.09%, -8.51% over the last quarter, and -7.87% for the past six months.
Over the past 50 days, ORBCOMM Inc.’s stock is -9.22% off of the high and 12.49% removed from the low. Their 52-Week High and Low are as follows: -12.09% (High), 35.65%, (Low).
Despite the past success, investors want to know where the stock is headed from here. Analysts covering the shares have a consensus short-term price target of $13.57 on the equity. Analysts have a consensus recommendation of 1.60 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.