In a report released today, Kevin Dede from H.C. Wainwright reiterated a Buy rating on SuperCom (SPCB), with a price target of $5. The company’s shares closed yesterday at $1.47.
Dede wrote:
“Yesterday’s press details hint to re-focusing a concentrated effort on wireless monitoring applications. SuperCom issued a rare press release yesterday revealing an important new electronic monitoring (EM) service contract won in Northern California. The terms of the deal, as we see them however, are important more in defining qualitative scope, delineating a trend, and setting the strategic tone than they are in actual contributive figures.”
According to TipRanks.com, Dede ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -11.9% and a 33.3% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Top Image Systems, Microvision, and Resonant.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SuperCom with a $5 average price target.
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The company has a one-year high of $2.66 and a one-year low of $1.22. Currently, SuperCom has an average volume of 29.64K.
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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.
