Superconductor Technologies Inc. (NASDAQ:SCON) traded at $0.4 at last check on Monday, Jun 29, making an upward move of 1.29% on its previous day’s price.
Looking at the stock we see that its previous close was $0.395 and the beta (5Y monthly) reads 0.81 with the day’s price range being $0.3801 – 0.4115. In terms of its 52-week price range, SCON has a high of $1.07 and a low of $0.12. The company’s stock has gained about 19.86% over that past 30 days.
On the other hand, looking at the outlook for the SCON stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Let’s briefly compare Superconductor (SCON) stock to its peers. We find that today’s price change of +1.29% and -51.21% over the past 12 months for SCON competes that of Bandwidth Inc (BAND), which has seen its stock price rise 1.17% in the latest trading session and is +67.72% over the last one year. Another of its peers Commscope Holding Company (COMM) has climbed 0.36% today, but is -46.92% down over the past year, while Calix Inc (CALX) is also up 1.29% yet its price remains in the red at -51.21% over the same period. Bandwidth has a P/E ratio of 0 compared to Superconductor’s 0 and Commscope’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 2.32% and 1.47%, respectively, in early deals.
Coming back to Superconductor Technologies Inc. (NASDAQ:SCON), we note that the average 3-month trading volume was 5.03 Million, while that of the preceding 10-day period stands at 2.48 Million. Current shares outstanding are 23.28 Million.
According to data from Thomson Reuters, insiders hold 0.02% of the company’s shares while institutions hold 5.31%. The data shows that short shares as of June 14, 2020, stood at 1.44 Million at a short ratio of 0.22. This represents a 6.17% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 712.53 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +118.75% up in year-to-date price movement.