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Tuesday, September 29, 2020

The Forecast Just Changed on Superconductor Technologies Inc. (NASDAQ:SCON)

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The Superconductor Technologies Inc. (SCON) shares are trading at higher $0.44.

To add more color to this target, the company’s high over the last year is $1.03 and the low is $0.12. Over the last 52 weeks, SCON is down -57.72% while the S&P 500 is down -0.64%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SCON reported a profit of $77000.0. Superconductor Technologies Inc. also saw revenues decrease to $0.18 million. In addition, SCON has free cash flow of -$1.47 million as of 03-2020. The company’s EBITDA came in at -$1.04 million which compares well with its peers.

SCON Return on Equity (ROE) is -422.00%, and its Return on Assets is -272.10%. All told, it is clear that, SCON needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SCON has a short ratio of 0.23 and outstanding shares of 27.28M.

Company Outlook

SCON has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.96 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.18. Investors should also keep an eye on sector updates as SCON has historically followed its peers on positive news.

All told, Superconductor Technologies Inc. SCON has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SCON represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Superconductor Technologies Inc. SCON is now commanding a market cap of 11.68M and a float of 19.28M. SCON is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SCON stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SCON, either long or short, and we have not been compensated for this article.

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