Zacks: Superconductor Technologies Inc. (SCON) Given $3.00 Average Target Price by Analysts
Shares of Superconductor Technologies Inc. (NASDAQ:SCON) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus target price of $3.00 for the company and are predicting that the company will post ($0.25) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Superconductor Technologies an industry rank of 241 out of 265 based on the ratings given to its competitors.
A number of research analysts have recently weighed in on SCON shares. Zacks Investment Research downgraded Superconductor Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. HC Wainwright set a $3.00 price objective on Superconductor Technologies and gave the stock a “buy” rating in a research report on Friday, August 11th.
Shares of Superconductor Technologies (NASDAQ SCON) traded up 0.3137% during midday trading on Wednesday, hitting $1.0232. The stock had a trading volume of 13,133 shares. The company’s market cap is $10.96 million. The company’s 50 day moving average is $1.04 and its 200 day moving average is $1.48. Superconductor Technologies has a 52-week low of $0.88 and a 52-week high of $4.50.
Superconductor Technologies (NASDAQ:SCON) last released its earnings results on Thursday, August 10th. The semiconductor company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.03. Superconductor Technologies had a negative return on equity of 99.84% and a negative net margin of 26,445.00%. The company had revenue of $0.01 million during the quarter, compared to the consensus estimate of $0.18 million. On average, analysts anticipate that Superconductor Technologies will post ($0.92) earnings per share for the current year.
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Superconductor Technologies Company Profile
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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