Superconductor Technologies Inc. (SCON) Given a $3.00 Price Target by HC Wainwright Analysts
Superconductor Technologies Inc. (NASDAQ:SCON) has been assigned a $3.00 price target by investment analysts at HC Wainwright in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. HC Wainwright’s target price indicates a potential upside of 167.86% from the company’s previous close.
Separately, Zacks Investment Research raised shares of Superconductor Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th.
Superconductor Technologies (NASDAQ SCON) opened at 1.12 on Friday. The company’s 50-day moving average is $1.53 and its 200 day moving average is $1.51. Superconductor Technologies has a 1-year low of $1.04 and a 1-year high of $4.50. The company’s market cap is $11.85 million.
Superconductor Technologies (NASDAQ:SCON) last released its earnings results on Thursday, August 10th. The semiconductor company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.03. Superconductor Technologies had a negative net margin of 25,848.84% and a negative return on equity of 108.51%. On average, equities analysts predict that Superconductor Technologies will post ($0.78) EPS for the current fiscal year.
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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