A small company worth about $700 million, and they operate about 50 low Earth orbit satellites. If you are in the transportation business, and shipping high value goods and you want to track shipments, this is who you would deal with. They just launched their last 35 satellites. There is lots of risk. However, they have a lot of new business coming on board. A very low cost operator. He is looking for bottom line growth over the next 4-5 years.
Orbcomm Inc is a American stock, trading under the symbol ORBC-Q on the NASDAQ (ORBC). It is usually referred to as NASDAQ:ORBC or ORBC-Q
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In the last year 0 stock analysts on Stockchase covered Orbcomm Inc. The stock is worth watching.
On 2021-08-31, Orbcomm Inc (ORBC-Q) stock closed at a price of $11.495.
(A Top Pick May 10/16. Up 21%.) Deploys low earth orbiting satellites. It provides low cost tracking. What was interesting is that they had done all of their capital expenditures and have the satellites in place. Now, it is just a case of maintaining them.