Brokerages Set $3.00 Target Price for Superconductor Technologies Inc. (SCON)
Superconductor Technologies Inc. (NASDAQ:SCON) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus price target of $3.00 for the company and are expecting that the company will post ($0.25) EPS for the current quarter, according to Zacks. Zacks has also given Superconductor Technologies an industry rank of 74 out of 265 based on the ratings given to related companies.
SCON has been the subject of several recent research reports. HC Wainwright set a $3.00 target price on shares of Superconductor Technologies and gave the stock a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of Superconductor Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th.
Shares of Superconductor Technologies (NASDAQ:SCON) traded down $0.01 during midday trading on Friday, reaching $0.99. The company’s stock had a trading volume of 126,227 shares, compared to its average volume of 202,333.
Superconductor Technologies (NASDAQ:SCON) last announced its earnings results on Thursday, August 10th. The semiconductor company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.03. Superconductor Technologies had a negative net margin of 26,445.00% and a negative return on equity of 99.84%. The business had revenue of $0.01 million during the quarter, compared to the consensus estimate of $0.18 million. equities analysts forecast that Superconductor Technologies will post -0.92 earnings per share for the current year.
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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