In today’s recent session, 6.05 million shares of the SuperCom Ltd. (NASDAQ:SPCB) have been traded, and its beta is 0.46. Most recently the company’s share price was $1.41, and it changed around $0.18 or 15.04% from the last close, which brings the market valuation of the company to $26.73M. SPCB at last check was trading at a discount to its 52-week high of $2.95, offering almost -109.22% off that amount. The share price’s 52-week low was $0.71, which indicates that the recent value has risen by an impressive 49.65% since then. We note from SuperCom Ltd.’s average daily trading volume that its 10-day average is 0.48 million shares, with the 3-month average coming to 584.84K.
SuperCom Ltd. stock received a consensus recommendation rating of a Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended SPCB as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. SuperCom Ltd. is expected to report earnings per share of -$0.1 for the current quarter.
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Instantly SPCB has been showing a green trend so far today with a performance of 15.04% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.4500 on Monday, 07/19/21 increased the stock’s daily price by 2.76%. The company’s shares are currently up 19.42% year-to-date, but still down -6.11% over the last five days. On the other hand, SuperCom Ltd. (NASDAQ:SPCB) is -8.89% down in the 30-day period. We can see from the shorts that 0.72 million shares have been sold at a short interest cover period of 1.08 day(s).
The consensus price target as assigned by Wall Street analysts is $2.00, which translates to bulls needing to increase their stock price by 29.5% from its current value. Analyst projections state that SPCB is forecast to be at a low of $2.00 and a high of $2.00. In order for the stock price to hit the forecast high, the stock would need to plunge -41.84% from its current level, while the stock would need to crash -41.84% from its current level to reach the projected low.
SuperCom Ltd. (SPCB) estimates and forecasts
The year-over-year growth rate is expected to be 6.20%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $3 million in revenue for the current quarter. 1 analysts expect SuperCom Ltd. to make $3 million in revenue for the quarter ending Sep 2021.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -54.30%.
SuperCom Ltd.’s next quarterly earnings report is expected to be released on April 30.
SuperCom Ltd. (NASDAQ:SPCB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 22.91% of SuperCom Ltd. shares, and 2.00% of them are in the hands of institutional investors. The stock currently has a share float of 2.60%. SuperCom Ltd. stock is held by 13 institutions, with Fortress Investment Group LLC being the largest institutional investor. By Mar 30, 2021, it held 0.66% of the shares, which is about 0.11 million shares worth $0.17 million.
Citadel Advisors LLC, with 0.47% or 75660.0 shares worth $0.12 million as of Mar 30, 2021, holds the second largest percentage of outstanding shares.
The former held 8931.0 shares worth $14378.0, making up 0.05% of all outstanding shares.
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