Superconductor Technologies, Inc. (SCON) Receives Average Rating of “Strong Buy” from Brokerages

Superconductor Technologies, Inc. (NASDAQ:SCON) has 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.

Analysts have set a 12 month consensus target price 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 169 out of 265 based on the ratings given to its competitors.

SCON has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Superconductor Technologies from a “hold” rating to a “buy” rating and set a $1.25 target price on the stock in a research report on Saturday, January 6th. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Superconductor Technologies in a research report on Friday, November 10th. Finally, ValuEngine lowered shares of Superconductor Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st.

Superconductor Technologies (NASDAQ SCON) traded down $0.10 during midday trading on Tuesday, reaching $1.30. 341,308 shares of the company traded hands, compared to its average volume of 365,387. The stock has a market capitalization of $14.04, a PE ratio of -0.97 and a beta of 1.04. Superconductor Technologies has a 52-week low of $0.88 and a 52-week high of $2.47.

Superconductor Technologies (NASDAQ:SCON) last posted its quarterly earnings results on Thursday, November 9th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $0.13 million during the quarter, compared to analysts’ expectations of $0.10 million. analysts expect that Superconductor Technologies will post -0.84 EPS 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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