SuperCom Ltd (NASDAQ:SPCB) shares, rose in value on Thursday, January 02, with the stock price up by 73.44% to the previous day’s close as strong demand from buyers drove the stock to $8.36.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.82, falling within a range of $5.11 and $10.22. The value of beta (5-year monthly) is 0.107. Referring to stock’s 52-week performance, its high was $10.90, and the low was $2.55. On the whole, SPCB has fluctuated by 145.88% over the past month.
With the market capitalization of SuperCom Ltd currently standing at about $14.36 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SPCB’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of SPCB currently trading nearly 116.96% and 129.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 79.97, while the 7-day volatility ratio is showing 30.79% which for the 30-day chart, stands at 13.05%. Furthermore, SuperCom Ltd (SPCB)’s beta value is 0.07, and its average true range (ATR) is 0.97.
A comparison of SuperCom Ltd (SPCB) with its peers suggests the former has fared considerably weaker in the market. SPCB showed an intraday change of 73.44% in today’s session so far, and over the past year, it grew by 10.88%%.
Data on historical trading for SuperCom Ltd (NASDAQ:SPCB) indicates that the trading volumes over the past 10 days have averaged 0.67 and over the past 3 months, they’ve averaged 179.85K. According to company’s latest data on outstanding shares, there are 1.72 million shares outstanding.
Nearly 9.05% of SuperCom Ltd’s shares belong to company insiders and institutional investors own 1.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 25670.0 shares as on 2024-12-13, resulting in a short ratio of 0.29. According to the data, the short interest in SuperCom Ltd (SPCB) stood at 133.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 48006.0. The stock has risen by 73.44% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPCB stock heading into the next quarter.
