H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on SuperCom (SPCB) today and set a price target of $2.50. The company’s shares closed yesterday at $1.15, close to its 52-week low of $0.98.
According to TipRanks.com, Dede ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -17.2% and a 28.6% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Microvision, Resonant, and eMagin.
Currently, the analyst consensus on SuperCom is a Moderate Buy with an average price target of $2.50.
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Based on SuperCom’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $231K. In comparison, last year the company had a GAAP net loss of $320K.
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SuperCom Ltd. engages in the provision of traditional and digital identity solutions. It offers identification, tracking, and security products to governments and private and public organization.
