SuperCom Ltd [NASDAQ: SPCB] gained 22.44% on the last trading session, reaching $0.22 price per share at the time. The company report on February 8, 2024 at 8:34 AM that SuperCom Announces New EM Contract in California.
Displacing incumbent competitor with innovative PureOne solution.
SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is excited to announce it has secured a new contract with an established California services provider in the judicial sector. This contract, already operational and generating revenue, is particularly notable for SuperCom’s successful displacement of a long-time incumbent competitor, primarily due to its new innovative PureOne solution.
If compared to the average trading volume of 71.48 shares, SPCB reached a trading volume of 71222797 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $1.50 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 1.00. 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.
Trading performance analysis for SPCB stock
SuperCom Ltd [SPCB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.18. With this latest performance, SPCB shares dropped by -23.80% in over the last four-week period, additionally sinking by -67.65% over the last 6 months – not to mention a drop of -89.30% 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 41.77, with the RSI for the last a single of trading hit 49.50, and the three-weeks RSI is set at 39.52 for SuperCom Ltd [SPCB]. The present Moving Average for the last 50 days of trading for this stock 0.3118, while it was recorded at 0.1930 for the last single week of trading, and 0.6281 for the last 200 days.
SuperCom Ltd [SPCB]: A deeper dive into fundamental analysis
SuperCom Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.53 and a Current Ratio set at 8.31.
SuperCom Ltd [SPCB]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, SuperCom Ltd posted -0.2/share EPS, while the average EPS was predicted by analysts to be reported at -0.6/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 66.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SPCB.
An analysis of Institutional ownership at SuperCom Ltd [SPCB]
The top three institutional holders of SPCB stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in SPCB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in SPCB stock with ownership which is approximately 5.8325%.
