H.C. Wainwright slashes price target on SuperCom Ltd. [SPCB] – find out why.

SuperCom Ltd. [NASDAQ: SPCB] jumped around 0.03 points on Monday, while shares priced at $0.44 at the close of the session, up 7.76%. The company report on September 12, 2022 that SuperCom Launches $33 Million National Electronic Monitoring Project in Romania.

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Initial Order delivery of over $7 million and Domestic Violence Monitoring Program Go-Live is expected by October 1st, 2022.

SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce that, together with its local partner, it has executed the contract and launched the over $33 million project with Romania’s Ministry of Interior, following the award announced on August 24th. The project will include the deployment of SuperCom’s PureSecurity Electronic Monitoring (EM) Suite for Domestic Violence monitoring, GPS Tracking of offenders, and a home detention monitoring program.

SuperCom Ltd. stock is now -20.72% down from its year-to-date (YTD) trading value. SPCB Stock saw the intraday high of $0.4595 and lowest of $0.42 per share. The company’s 52-week high price is 1.30, which means current price is +69.17% above from all time high which was touched on 03/22/22.

Compared to the average trading volume of 2.27M shares, SPCB reached a trading volume of 6774206 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about SuperCom Ltd. [SPCB]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPCB shares is $1.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPCB stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

H.C. Wainwright have made an estimate for SuperCom Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 03, 2021. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price to Buy. The new note on the price target was released on December 04, 2017, representing the official price target for SuperCom Ltd. stock. Previously, the target price had yet another raise to $13.25, while Singular Research analysts kept a Buy rating on SPCB stock.

The Average True Range (ATR) for SuperCom Ltd. is set at 0.05, with the Price to Sales ratio for SPCB stock in the period of the last 12 months amounting to 1.24. The Price to Book ratio for the last quarter was 4.40, with the Price to Cash per share for the same quarter was set at 0.08.

How has SPCB stock performed recently?

SuperCom Ltd. [SPCB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.55. With this latest performance, SPCB shares gained by 33.33% in over the last four-week period, additionally sinking by -18.47% over the last 6 months – not to mention a drop of -60.36% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPCB stock in for the last two-week period is set at 61.77, with the RSI for the last a single of trading hit 64.56, and the three-weeks RSI is set at 59.82 for SuperCom Ltd. [SPCB]. The present Moving Average for the last 50 days of trading for this stock 0.3328, while it was recorded at 0.4143 for the last single week of trading, and 0.4529 for the last 200 days.

SuperCom Ltd. [SPCB]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and SuperCom Ltd. [SPCB] shares currently have an operating margin of -43.74 and a Gross Margin at +50.57. SuperCom Ltd.’s Net Margin is presently recorded at -82.64.

Return on Equity for this stock declined to -217.76, with Return on Assets sitting at -24.59.

SuperCom Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.50 and a Current Ratio set at 5.20.

Insider trade positions for SuperCom Ltd. [SPCB]

There are presently around $0 million, or 4.70% of SPCB stock, in the hands of institutional investors. The top three institutional holders of SPCB stocks are: LEHMAN & DERAFELO FINANCIAL RESOURCES LLC with ownership of 136,748, which is approximately 17.807% of the company’s market cap and around 16.80% of the total institutional ownership; FORTRESS INVESTMENT GROUP LLC, holding 106,705 shares of the stock with an approximate value of $47000.0 in SPCB stocks shares; and VENTURE VISIONARY PARTNERS LLC, currently with $44000.0 in SPCB stock with ownership of nearly 0% of the company’s market capitalization.

Positions in SuperCom Ltd. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 3 institutional holders increased their position in SuperCom Ltd. [NASDAQ:SPCB] by around 112,833 shares. Additionally, 6 investors decreased positions by around 201,524 shares, while 6 investors held positions by with 219,615 shares. The mentioned changes placed institutional holdings at 533,972 shares, according to the latest SEC report filing. SPCB stock had 1 new institutional investments in for a total of 56,284 shares, while 2 institutional investors sold positions of 117,427 shares during the same period.


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