Superconductor Technologies Inc. (SCON) Given Consensus Recommendation of “Strong Buy” by Analysts
Superconductor Technologies Inc. (NASDAQ:SCON) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a one year consensus target price of $3.00 for the company and are anticipating 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 118 out of 265 based on the ratings given to related companies.
A number of analysts have commented on SCON shares. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of Superconductor Technologies in a research report on Friday, November 10th. Zacks Investment Research raised Superconductor Technologies from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research report on Thursday, November 16th.
Superconductor Technologies (NASDAQ:SCON) last issued its quarterly earnings results on Thursday, November 9th. The semiconductor company reported ($0.23) EPS for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $0.13 million during the quarter, compared to analysts’ expectations of $0.10 million. equities analysts forecast that Superconductor Technologies will post -0.84 earnings per share 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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