Zacks: Superconductor Technologies Inc. (SCON) Given Consensus Recommendation of “Strong Buy” by Brokerages
Shares of Superconductor Technologies Inc. (NASDAQ:SCON) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price objective of $3.00 for the company and are expecting that the company will post ($0.11) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Superconductor Technologies an industry rank of 117 out of 265 based on the ratings given to related companies.
A number of research analysts have commented on SCON shares. Zacks Investment Research lowered Superconductor Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Superconductor Technologies in a report on Friday, November 10th.
Superconductor Technologies (NASDAQ:SCON) last issued its quarterly earnings data on Thursday, November 9th. The semiconductor company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.02. Superconductor Technologies had a negative return on equity of 97.45% and a negative net margin of 6,897.30%. The firm had revenue of $0.13 million for the quarter, compared to analyst estimates of $0.10 million. equities research analysts predict that Superconductor Technologies will post -0.84 earnings per share for the current 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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