In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Superconductor Technologies Inc (NASDAQ: SCON). The company’s shares closed yesterday at $2.11, close to its 52-week low of $0.84.
Dayal commented:
“Because SCON has not yet been profitable, we use a DCF analysis for our valuation. Our analysis leads us to conclude that SCON should be fairly valued at $9.00 per share. As with all DCF models, the results are highly sensitive to a wide range of input assumptions.”
According to TipRanks.com, Dayal is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.9% and a 34.9% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Pointer Telocation Ltd, Pacific Ethanol, and Enphase Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Superconductor Technologies Inc.
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The company has a one-year high of $12.88 and a one-year low of $0.84. Currently, Superconductor Technologies Inc has an average volume of 143.2K.
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Superconductor Technologies, Inc. engages in the provision of high temperature superconducting materials and related technologies. Its products include Conductus superconducting wire, wireless solutions, and cryogenic solutions. The company was founded on May 11, 1987 and is headquartered in Austin, TX.
