SuperCom Ltd (NASDAQ:SPCB) price on Friday, January 17, rose 26.31% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.42.
A look at the stock’s price movement, the close in the last trading session was $10.62, moving within a range at $10.8101 and $13.49. The beta value (5-Year monthly) was 0.107. Turning to its 52-week performance, $11.53 and $2.55 were the 52-week high and 52-week low respectively. Overall, SPCB moved 307.90% over the past month.
SuperCom Ltd’s market cap currently stands at around $23.06 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 6.5M for the company’s revenue for the quarter, with a low and high estimate of 6.5M and 6.5M respectively. The average forecast suggests up to a 14.68% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 27.8M, representing a 4.63% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SPCB is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 75% Buy category.
SPCB’s current price about 90.78% and 173.80% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 78.07, while 7-day volatility ratio is 22.26% and 26.55% in the 30-day chart. Further, SuperCom Ltd (SPCB) has a beta value of 0.06, and an average true range (ATR) of 1.60.
If we refocus on SuperCom Ltd (NASDAQ:SPCB), historical trading data shows that trading volumes averaged 5.31 over the past 10 days and 1.01 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.72 million shares.
The 15.89% of SuperCom Ltd’s shares are in the hands of company insiders while institutional holders own 1.44% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.28 million on 2024-12-31, giving us a short ratio of 0.79. The data shows that as of 2024-12-31 short interest in SuperCom Ltd (SPCB) stood at 1436.0000000000002 of shares outstanding, with shares short rising to 16350.0 registered in 2024-11-29. Current price change has pushed the stock 178.42% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SPCB stock continues to rise going into the next quarter.
