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.
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.
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.
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.