HC Wainwright Analysts Give Superconductor Technologies Inc. (NASDAQ:SCON) a $3.00 Price Target
Superconductor Technologies Inc. (NASDAQ:SCON) has been assigned a $3.00 target price by analysts at HC Wainwright in a report issued on Friday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. HC Wainwright’s price objective points to a potential upside of 183.02% from the stock’s previous close.
Separately, Zacks Investment Research lowered shares of Superconductor Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 8th.
Superconductor Technologies (NASDAQ SCON) traded down 5.36% during mid-day trading on Friday, hitting $1.06. 371,135 shares of the stock traded hands. The stock’s market capitalization is $11.37 million. Superconductor Technologies has a one year low of $1.04 and a one year high of $4.50. The company has a 50 day moving average price of $1.51 and a 200-day moving average price of $1.51.
Superconductor Technologies (NASDAQ:SCON) last announced its quarterly earnings results on Thursday, August 10th. The semiconductor company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.03. The company had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.18 million. Superconductor Technologies had a negative net margin of 26,445.00% and a negative return on equity of 96.11%. Equities analysts anticipate that Superconductor Technologies will post ($0.78) earnings per share for the current fiscal year.
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About Superconductor Technologies
Superconductor Technologies Inc is engaged in developing and commercializing high temperature superconductor (HTS) materials and related technologies. The Company operates through the research, development, manufacture and marketing of high performance products used in cellular base stations segment.
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