Analysts Set $3.00 Price Target for Superconductor Technologies Inc. (NASDAQ:SCON)

Superconductor Technologies Inc. (NASDAQ:SCON) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price objective of $3.00 for the company and are anticipating that the company will post ($0.27) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Superconductor Technologies an industry rank of 94 out of 265 based on the ratings given to its competitors.

Several equities research analysts have recently weighed in on SCON shares. Zacks Investment Research cut Superconductor Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 1st. Rodman & Renshaw raised Superconductor Technologies from a “neutral” rating to a “buy” rating and set a $3.00 price target for the company in a research note on Thursday, April 6th. Finally, HC Wainwright raised Superconductor Technologies from a “neutral” rating to a “buy” rating and set a $3.00 price target for the company in a research note on Thursday, April 6th.

TRADEMARK VIOLATION NOTICE: This report was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at

A hedge fund recently bought a new stake in Superconductor Technologies stock. Hudson Bay Capital Management LP purchased a new stake in shares of Superconductor Technologies Inc. (NASDAQ:SCON) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 88,326 shares of the semiconductor company’s stock, valued at approximately $109,000. Hudson Bay Capital Management LP owned 2.72% of Superconductor Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.61% of the company’s stock.

Shares of Superconductor Technologies (SCON) traded down 3.73% during mid-day trading on Monday, reaching $1.55. The company had a trading volume of 76,028 shares. The company’s market cap is $16.40 million. Superconductor Technologies has a 52-week low of $1.04 and a 52-week high of $4.50. The firm’s 50-day moving average price is $1.76 and its 200 day moving average price is $1.46.

Superconductor Technologies (NASDAQ:SCON) last issued its quarterly earnings results on Thursday, May 11th. The semiconductor company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.01. Superconductor Technologies had a negative return on equity of 108.51% and a negative net margin of 25,848.84%. Equities analysts expect that Superconductor Technologies will post ($0.78) EPS for the current year.

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.

Get a free copy of the Zacks research report on Superconductor Technologies (SCON)

For more information about research offerings from Zacks Investment Research, visit

What are top analysts saying about Superconductor Technologies Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Superconductor Technologies Inc. and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit