ParkerVision, Inc. (NASDAQ:PRKR) 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 investment analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus target price of $10.50 for the company, according to Zacks. Zacks has also assigned ParkerVision an industry rank of 193 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research raised ParkerVision from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th.
A hedge fund recently raised its stake in ParkerVision stock. Raymond James Financial Services Advisors Inc. increased its holdings in ParkerVision, Inc. (NASDAQ:PRKR) by 614.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,801 shares of the semiconductor company’s stock after acquiring an additional 168,388 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.81% of ParkerVision worth $128,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.48% of the company’s stock.
ParkerVision stock traded up $0.05 during midday trading on Tuesday, reaching $0.57. The company’s stock had a trading volume of 90,085 shares, compared to its average volume of 201,925. The company has a market cap of $9.57 million, a P/E ratio of -0.54 and a beta of 1.95. ParkerVision has a fifty-two week low of $0.21 and a fifty-two week high of $1.96. The company has a debt-to-equity ratio of -1.18, a quick ratio of 0.26 and a current ratio of 0.54.
ParkerVision (NASDAQ:PRKR) last posted its quarterly earnings results on Tuesday, August 14th. The semiconductor company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.04. The business had revenue of $0.04 million during the quarter. During the same period last year, the business earned ($0.21) EPS. sell-side analysts predict that ParkerVision will post 0.7 EPS for the current year.
ParkerVision Company Profile
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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