Superconductor Technologies Inc. (SCON) Given Consensus Rating 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 brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus price target of $3.00 for the company and are predicting 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 99 out of 265 based on the ratings given to its competitors.

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

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Superconductor Technologies (NASDAQ SCON) traded down 4.49% during mid-day trading on Monday, hitting $1.47. The stock had a trading volume of 139,019 shares. Superconductor Technologies has a 12-month low of $1.04 and a 12-month high of $4.50. The firm’s market cap is $15.55 million. The company has a 50-day moving average of $1.68 and a 200-day moving average of $1.50.

Superconductor Technologies (NASDAQ:SCON) last announced its 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%. Analysts expect that Superconductor Technologies will post ($0.78) earnings per share for the current year.

A hedge fund recently bought a new stake in Superconductor Technologies stock. Hudson Bay Capital Management LP purchased a new position in Superconductor Technologies Inc. (NASDAQ:SCON) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 quarter. 1.61% of the stock is owned by hedge funds and other institutional investors.

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.

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