H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Superconductor Technologies Inc (SCON) today and set a price target of $9. The company’s shares closed yesterday at $1.90, close to its 52-week low of $0.84.
According to TipRanks.com, Dayal has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.0% and a 43.6% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and Orion Energy Systems.
The word on The Street in general, suggests a Hold analyst consensus rating for Superconductor Technologies Inc.
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Based on Superconductor Technologies Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $2.26 million. In comparison, last year the company had a GAAP net loss of $1.85 million.
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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.
