Zacks: Superconductor Technologies, Inc. (SCON) Given Average Recommendation of “Strong Buy” by Analysts

Superconductor Technologies, Inc. (NASDAQ:SCON) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus target price of $3.00 for the company and are anticipating 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 183 out of 265 based on the ratings given to related companies.

A number of equities analysts recently commented on SCON shares. Zacks Investment Research raised shares of Superconductor Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of Superconductor Technologies in a research note on Friday, November 10th. Finally, ValuEngine cut shares of Superconductor Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st.

Superconductor Technologies (SCON) traded down $0.03 during mid-day trading on Monday, hitting $1.27. 101,982 shares of the company were exchanged, compared to its average volume of 317,917. Superconductor Technologies has a 52-week low of $0.88 and a 52-week high of $2.47. The stock has a market cap of $13.99, a PE ratio of -0.95 and a beta of 1.04.

Superconductor Technologies (NASDAQ:SCON) last released its quarterly 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 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 anticipate that Superconductor Technologies will post -0.84 EPS for the current 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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