In yesterday’s Wall Street session, SuperCom Ltd (NASDAQ:SPCB) shares traded at $0.47, up 9.73% from the previous session.
As we calculate the median target price by taking the range between a high of $3.00 and a low of $3.00, we find $3.00. Given the previous closing price of $0.43, this indicates a potential upside of 597.67 percent. SPCB stock price is now -5.18% away from the 50-day moving average and -60.99% away from the 200-day moving average. The market capitalization of the company currently stands at $4.32M.
Brokers who have rated the stock have averaged $3.00 as their price target over the next twelve months.
A total of 7.24% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SPCB stock. A new stake in SuperCom Ltd shares was purchased by EP WEALTH ADVISORS, LLC during the first quarter worth $12,000. TWO SIGMA SECURITIES, LLC invested $6,000 in shares of SPCB during the first quarter.
Friday morning saw SuperCom Ltd (NASDAQ: SPCB) opened at $0.4900. During the past 12 months, SuperCom Ltd has had a low of $0.34 and a high of $2.84. As of last week, the company has a debt-to-equity ratio of 9.57, a current ratio of 7.14, and a quick ratio of 6.26. The fifty day moving average price for SPCB is $0.4880 and a two-hundred day moving average price translates $1.1905 for the stock.
The latest earnings results from SuperCom Ltd (NASDAQ: SPCB) was released for Jun, 2023. According to the Security & Protection Services Company, earnings per share came in at $0.07, beating analysts’ expectations of -$0.55 by 0.62. This compares to -$0.72 EPS in the same period last year. The net profit margin was -81.57% and return on equity was -211.25% for SPCB. For the current quarter, analysts expect SPCB to generate $4.6M in revenue.
SuperCom Ltd(SPCB) Company Profile
SuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. The company operates in three segments: e-Gov, IoT and Connectivity, and Cyber Security. It offers MAGNA, a platform for national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver’s licenses, and electronic voter registration and election management. The company also provides PureRF, a solution based on RFID tag technology to identify, locate, track, monitor, count, and protect people and objects. Its PureRF suite includes PureRF Tags, Hands-Free Long-Range RFID Asset and Vehicle Tags, PureRF Readers, PureRF Activators, PureRF Initializer, House Arrest Monitoring System, PureRF RF Bracelet, PureCom RF Base Station, GOS Offender Tracking System, PureTrack, PureBeacon, PureMonitor Offender Electronic Monitoring Software, Inmate Monitoring System, DoorGuard, and Personnel Tag. In addition, the company offers domestic violence victim protection systems. Further, it provides connectivity products and solutions comprising AVIDITY WBSac, BOLSTER WBSn, BreezeULTRA P6000, Arena controller, and BreezeNET B; cyber security strategic business unit products and solutions, which include Safend Encryptor, Safend Protector, Safend Inspector, Safend Discoverer, and SafeMobile; and wireless and RFID products include solutions for carrier Wi-Fi, enterprise connectivity, smart city, smart hospitality, connected campuses, and connected events. It sells its systems and products through local representatives, subsidiaries, and distribution channels, as well as independent representatives, resellers, and distributors. The company was formerly known as Vuance Ltd. and changed its name to SuperCom Ltd. in January 2013. SuperCom Ltd. was incorporated in 1988 and is headquartered in Tel Aviv, Israel.
