Zacks: Superconductor Technologies Inc. (SCON) Given Average Rating of “Strong Buy” by Analysts
Superconductor Technologies Inc. (NASDAQ:SCON) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus price target 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 126 out of 265 based on the ratings given to its competitors.
SCON has been the subject of a number of research analyst reports. HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of Superconductor Technologies in a report on Friday, November 10th. Zacks Investment Research raised shares of Superconductor Technologies from a “sell” rating to a “hold” rating in a report on Thursday, October 12th.
Shares of Superconductor Technologies (NASDAQ:SCON) opened at $1.07 on Friday. Superconductor Technologies has a 1-year low of $0.88 and a 1-year high of $3.78.
Superconductor Technologies (NASDAQ:SCON) last issued its quarterly earnings results on Thursday, November 9th. The semiconductor company reported ($0.23) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.02. Superconductor Technologies had a negative net margin of 6,897.30% and a negative return on equity of 97.45%. The company had revenue of $0.13 million during the quarter, compared to the consensus estimate of $0.10 million. equities analysts forecast that Superconductor Technologies will post -0.84 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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