Superconductor Technologies Inc. (SCON): A Great Stock For Handling Current Market Conditions?


The Vanguard Group, Inc. recently announced the acquisition of new stake in Superconductor Technologies Inc. (NASDAQ:SCON). The institutional investor has increased its shareholding in the Technology company by 123.42% to 0.2 million shares with purchase of 0.11 million shares. This fresh investment now brings its stake to 0.75% valued currently at $0.1 million. In addition, Citadel Advisors LLC raised its holdings by 0.13 million to 0.13 million shares.

With over 1.49 million Superconductor Technologies Inc. (SCON) shares trading Tuesday and a closing price of $0.30 on the day, the dollar volume was approximately $0.45 million. The shares have shown a negative weekly performance of -17.85% and its price on 09/01/20 lost nearly -5.90%. Currently, there are 31.52M common shares owned by the public and among those 27.51M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for SCON have a consensus price objective of $9.00. The analysts have set the share’s price value over the next 12 months at a high of $9.00 and a low of $9.00 should the stock experience a downside. But an upside of 96.67% will see the stock hit the forecast high price target while mean target price for the stock is $9.00.

Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

The top 3 mutual fund holders in Superconductor Technologies Inc. are Vanguard Extended Market Index Fu, USAA Extended Market Index Fund, and Fidelity Extended Market Index Fu. Vanguard Extended Market Index Fu owns 0.2 million shares of the company’s stock, all valued at over $0.1 million. USAA Extended Market Index Fund bought 835.0 shares to see its total holdings expand to 3876.0 shares valued at over $1919.0 and representing 0.01% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.01% of the shares outstanding.

Shares of Superconductor Technologies Inc. (NASDAQ: SCON) opened at $0.32, unchanged from a prior closing price of $0.32. However, the script later closed the day at $0.30, down -5.90%. The company’s stock has a 5-day price change of -17.85% and -2.83% over the past three months. SCON shares are trading 63.09% year to date (YTD), with the 12-month market performance down to -55.42% lower. It has a 12-month low price of $0.12 and touched a high of $0.94 over the same period. Currently, 1.49 million shares have been traded, compared to an average intraday trading volume of 3.50 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -31.37%, -32.04%, and 4.05% respectively.

Institutional ownership of Superconductor Technologies Inc. (NASDAQ: SCON) shares accounts for 5.20% of the company’s 31.52M shares outstanding. Mutual fund holders own 0.77%, while other institutional holders and individual stakeholders account for 1.17% and 0.03% respectively.

It has a market capitalization of $9.12M and a beta (3y monthly) value of 0.82. The earnings-per-share (ttm) stands at -$0.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.00% over the week and 9.93% over the month.

Analysts forecast that Superconductor Technologies Inc. (SCON) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2020. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.7 a year ago.

Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the SCON, a number of firms have released research notes about the stock. Rodman & Renshaw stated their Buy rating for the stock in a research note on April 06, 2017, with the firm’s price target at $3. Rodman & Renshaw coverage for the Superconductor Technologies Inc. (SCON) stock in a research note released on March 30, 2016 offered a Neutral rating with a price target of. Ladenburg Thalmann was of a view on November 11, 2015 that the stock is Buy, while Ladenburg Thalmann gave the stock Neutral rating on September 25, 2015, issuing a price target of. Ladenburg Thalmann on their part issued Buy rating on August 20, 2013.


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