Analysts Set $9.00 Price Target for Superconductor Technologies, Inc. (NASDAQ:SCON)

Superconductor Technologies, Inc. (NASDAQ:SCON) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus target price of $9.00 for the company and are forecasting that the company will post ($0.67) earnings per share for the current quarter, according to Zacks. Zacks has also given Superconductor Technologies an industry rank of 178 out of 256 based on the ratings given to its competitors.

A number of research analysts have commented on the stock. HC Wainwright set a $21.00 target price on shares of Cytokinetics and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

SCON traded up $0.08 on Tuesday, reaching $0.95. 25,948 shares of the company traded hands, compared to its average volume of 80,503. Superconductor Technologies has a one year low of $0.70 and a one year high of $12.88. The firm has a fifty day moving average price of $0.81. The firm has a market capitalization of $5.23 million, a P/E ratio of -0.24 and a beta of 1.02.

Superconductor Technologies (NASDAQ:SCON) last posted its earnings results on Thursday, May 9th. The semiconductor company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.17). Equities research analysts expect that Superconductor Technologies will post -1.94 earnings per share for the current year.

Superconductor Technologies Company Profile

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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