Superconductor Technologies (SCON) Rating Increased to Buy at ValuEngine

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ValuEngine upgraded shares of Superconductor Technologies (NASDAQ:SCON) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

Other research analysts have also recently issued research reports about the stock. HC Wainwright reaffirmed a buy rating and issued a $30.00 target price on shares of Superconductor Technologies in a research report on Friday, May 11th. Zacks Investment Research raised shares of Superconductor Technologies from a sell rating to a hold rating in a research report on Thursday, July 12th.

NASDAQ SCON opened at $2.30 on Tuesday. Superconductor Technologies has a 12 month low of $1.47 and a 12 month high of $14.90. The stock has a market capitalization of $7.06 million, a price-to-earnings ratio of -0.25 and a beta of 0.20.

Superconductor Technologies (NASDAQ:SCON) last posted its earnings results on Tuesday, August 14th. The semiconductor company reported ($1.24) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.70) by $0.46. Superconductor Technologies had a negative net margin of 546.61% and a negative return on equity of 162.60%. The company had revenue of $0.79 million for the quarter, compared to analysts’ expectations of $0.33 million. equities research analysts forecast that Superconductor Technologies will post -6.77 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Superconductor Technologies stock. Sabby Management LLC purchased a new position in shares of Superconductor Technologies, Inc. (NASDAQ:SCON) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 735,880 shares of the semiconductor company’s stock, valued at approximately $693,000. Sabby Management LLC owned approximately 5.97% of Superconductor Technologies as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 25.67% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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