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

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

Brokerages have set a 1 year consensus price objective of $9.00 for the company and are predicting that the company will post ($1.57) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Superconductor Technologies an industry rank of 49 out of 256 based on the ratings given to related companies.

SCON has been the subject of a number of research reports. ValuEngine cut shares of Superconductor Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. HC Wainwright set a $9.00 target price on shares of Superconductor Technologies and gave the stock a “buy” rating in a research note on Wednesday, November 14th. Finally, Zacks Investment Research raised shares of Superconductor Technologies from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research note on Saturday, November 17th.

Shares of Superconductor Technologies stock opened at $1.38 on Friday. The stock has a market capitalization of $4.42 million, a price-to-earnings ratio of -0.15 and a beta of 0.23. Superconductor Technologies has a fifty-two week low of $1.03 and a fifty-two week high of $14.90.

Superconductor Technologies (NASDAQ:SCON) last issued its quarterly earnings data on Tuesday, November 13th. The semiconductor company reported ($0.88) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.96) by $1.08. The business had revenue of $0.52 million during the quarter, compared to the consensus estimate of $0.54 million. Superconductor Technologies had a negative net margin of 414.94% and a negative return on equity of 141.30%. Sell-side analysts expect that Superconductor Technologies will post -5.67 EPS for the current year.

About Superconductor Technologies

Superconductor Technologies Inc, together with its subsidiaries, develops, produces, and commercializes high temperature superconductor materials and related technologies in the United States. It is involved in developing Conductus superconducting wire for power applications. The company was founded in 1987 and is headquartered in Austin, Texas.

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