Zacks: Superconductor Technologies, Inc. (SCON) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Superconductor Technologies, Inc. (NASDAQ:SCON) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus target price of $3.00 for the company and are forecasting that the company will post ($0.11) EPS for the current quarter, according to Zacks. Zacks has also given Superconductor Technologies an industry rank of 107 out of 265 based on the ratings given to related companies.

A number of research firms have recently commented on SCON. Zacks Investment Research raised Superconductor Technologies from a “hold” rating to a “buy” rating and set a $1.25 target price on the stock in a research note on Thursday, November 16th. ValuEngine cut Superconductor Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Finally, HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of Superconductor Technologies in a research note on Friday, November 10th.

Superconductor Technologies (SCON) traded up $0.02 on Tuesday, reaching $1.20. The company’s stock had a trading volume of 223,700 shares, compared to its average volume of 265,020. Superconductor Technologies has a twelve month low of $0.88 and a twelve month high of $2.47. The company has a market capitalization of $12.81, a P/E ratio of -0.90 and a beta of 1.04.

Superconductor Technologies (NASDAQ:SCON) last released its earnings results on Thursday, November 9th. The semiconductor company reported ($0.23) EPS for the quarter, topping 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 analysts’ expectations of $0.10 million. sell-side analysts anticipate that Superconductor Technologies will post -0.84 EPS for the current fiscal year.

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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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