H.C. Wainwright Thinks SuperCom’s Stock is Going to Recover


H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on SuperCom (SPCB) today and set a price target of $5. The company’s shares closed yesterday at $1.47, close to its 52-week low of $1.25.

Dede said:

“We argue—and hope to prove—that the company has made significant progress in managing its business to more consistent sales and earnings levels going forward. The issue, as in many small-cap company reorganizations, is how investors perceive the magnitude and timing of realized benefits in future results. At this juncture, expectations appear meager at best, and the exercise we think in peeling onion layers back should yield an attractive proposition for those obliged.”

According to TipRanks.com, Dede ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -19.6% and a 25.2% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Top Image Systems, Microvision, and Resonant.

Currently, the analyst consensus on SuperCom is a Moderate Buy with an average price target of $5.

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Based on SuperCom’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $118K. In comparison, last year the company had a net profit of $614K.

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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.

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