SuperCom Ltd (NASDAQ: SPCB) stock fell -0.82% on Monday to $0.37 against a previous-day closing price of $0.38. With 0.46 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.13 million shares. During the session, the Security & Protection Services company that operates in wider Industrials sector, reached to the highest price of $0.3950 whereas the lowest price it dropped to was $0.3518. The 52-week range on SPCB shows that it touched its highest point at $2.69 and its lowest point at $0.34 during that stretch. It currently has a 1-year price target of $3.00. Beta for the stock currently stands at 0.47.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SPCB was up-trending over the past week, with a rise of 0.13%, but this was down by -20.04% over a month. Three-month performance dropped to -39.53% while six-month performance fell -68.08%. The stock lost -84.43% in the past year, while it has lost -79.02% so far this year.
Float and Shares Shorts:
At present, 9.25 million SPCB shares are outstanding with a float of 8.58 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.54 million, which was 8.09% higher than short shares on Sep 28, 2023. In addition to Mr. Barak Trabelsi as the firm’s COO & CTO, Dahan Valeria serves as its Sales Director.
Institutional Ownership:
Through their ownership of 10.36% of SPCB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.72% of SPCB, in contrast to 0.01% held by mutual funds. As the largest shareholder in SPCB with 7.15% of the stake, Armistice Capital LLC holds 661,000 shares worth 661,000. A second-largest stockholder of SPCB, Ridgewood Investments LLC, holds 81,632 shares, controlling over 0.88% of the firm’s shares. Two Sigma Securities LLC is the third largest shareholder in SPCB, holding 33,315 shares or 0.36% stake. With a 0.01% stake in SPCB, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 894 shares are owned by the mutual fund manager.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPCB since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SPCB analysts setting a high price target of $3.00 and a low target of $3.00, the average target price over the next 12 months is $3.00. Based on these targets, SPCB could surge 710.81% to reach the target high and rise by 710.81% to reach the target low. Reaching the average price target will result in a growth of 710.81% from current levels.
