ParkerVision, Inc. (NASDAQ:PRKR) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price objective of $12.00 for the company, according to Zacks. Zacks has also assigned ParkerVision an industry rank of 40 out of 255 based on the ratings given to its competitors.
ParkerVision traded down $0.03, hitting $0.59, during trading hours on Friday, according to Marketbeat Ratings. 90,200 shares of the company’s stock traded hands, compared to its average volume of 138,477. ParkerVision has a 52-week low of $0.48 and a 52-week high of $2.24. The company has a quick ratio of 0.31, a current ratio of 0.65 and a debt-to-equity ratio of -1.30.
ParkerVision (NASDAQ:PRKR) last announced its quarterly earnings data on Tuesday, May 15th. The semiconductor company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.06. The business had revenue of $0.08 million for the quarter. During the same period in the previous year, the company posted ($0.32) earnings per share. research analysts forecast that ParkerVision will post 0.8 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in ParkerVision stock. Raymond James Financial Services Advisors Inc. increased its stake in shares of ParkerVision, Inc. (NASDAQ:PRKR) by 614.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 195,801 shares of the semiconductor company’s stock after purchasing an additional 168,388 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.81% of ParkerVision worth $128,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.39% of the company’s stock.
ParkerVision, Inc designs, develops, and markets radio frequency (RF) technologies for use in wireless communication products in the United States. Its technologies apply to transmit and receive functions of transmitters, receivers, and transceivers, as well as other related RF communications functions.
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