What’s Superconductor Technologies Inc. (SCON) Downside After Reaching 1 Year Low?

May 16, 2018 - By Marguerite Chambers

The stock of Superconductor Technologies Inc. (NASDAQ:SCON) hit a new 52-week low and has $0.83 target or 4.00 % below today’s $0.86 share price. The 7 months bearish chart indicates high risk for the $10.56 million company. The 1-year low was reported on May, 16 by Barchart.com. If the $0.83 price target is reached, the company will be worth $422,480 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 0.01% or $0.0001 during the last trading session, reaching $0.8601. About 31,374 shares traded. Superconductor Technologies Inc. (NASDAQ:SCON) has declined 36.37% since May 16, 2017 and is downtrending. It has underperformed by 47.92% the S&P500.

Analysts await Superconductor Technologies Inc. (NASDAQ:SCON) to report earnings on August, 9. They expect $-0.12 earnings per share, up 50.00 % or $0.12 from last year’s $-0.24 per share. After $-0.20 actual earnings per share reported by Superconductor Technologies Inc. for the previous quarter, Wall Street now forecasts -40.00 % EPS growth.

More recent Superconductor Technologies Inc. (NASDAQ:SCON) news were published by: Globenewswire.com which released: “Superconductor Technologies Reports First Quarter 2018 Results” on May 10, 2018. Also Seekingalpha.com published the news titled: “Superconductor Technologies’ (SCON) CEO Jeff Quiram on Q1 2018 Results – Earnings Call Transcript” on May 10, 2018. Globenewswire.com‘s news article titled: “Superconductor Technologies Inc. Announces Timing of First Quarter 2018 Results Conference Call” with publication date: April 26, 2018 was also an interesting one.

Superconductor Technologies Inc. develops and commercializes high temperature superconductor materials and related technologies in the United States. The company has market cap of $10.56 million. It is involved in developing Conductus wire products for superconducting high power transmission cable, superconducting fault current limiters, and high field magnet applications. It currently has negative earnings.

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