SuperCom Ltd (SPCB) Is Now En Route to Higher Prices

SuperCom Ltd (NASDAQ: SPCB) is -41.79% lower on its value in year-to-date trading and has touched a low of $0.16 and a high of $2.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SPCB stock was last observed hovering at around $0.18 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $0.22, the stock is -2.91% and -28.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 71.22 million and changing 22.44% at the moment leaves the stock -64.50% off its SMA200. SPCB registered -89.30% loss for a year compared to 6-month loss of -67.65%. The firm has a 50-day simple moving average (SMA 50) of $1.33 and a 200-day simple moving average (SMA200) of -$18.14.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

The stock witnessed a -23.80% gain in the last 1 month and extending the period to 3 months gives it a -35.77%, and is 2.18% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 24.12% over the week and 12.97% over the month.

Fwd P/E is 4.50. Distance from 52-week low is 40.50% and -89.87% from its 52-week high.

SuperCom Ltd quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $4.6M over the same period.The EPS is expected to grow by 118.03% this year, but quarterly earnings will post 49.60% year-over-year. Quarterly sales are estimated to shrink -26.60% in year-over-year returns.

SuperCom Ltd (SPCB) Top Institutional Holders

14 institutions hold shares in SuperCom Ltd (SPCB), with institutional investors hold 9.06% of the company’s shares. The shares outstanding are 9.25M, and float is at 8.78M with Short Float at 0.14%. Institutions hold 8.21% of the Float.

The top institutional shareholder in the company is Armistice Capital, LLC with over 0.36 million shares valued at $0.36 million. The investor’s holdings represent 8.65% of the SPCB Shares outstanding. As of Sep 29, 2023, the second largest holder is Ridgewood Investments LLC with 81632.0 shares valued at $34203.0 to account for 1.94% of the shares outstanding. The other top investors are Virtu Financial LLC which holds 17889.0 shares representing 0.43% and valued at over $17817.0, while Two Sigma Securities, LLC holds 0.31% of the shares totaling 12861.0 with a market value of $12809.0.

SuperCom Ltd (SPCB): Who are the competitors?

The company’s main competitors (and peers) include 3M Co. (MMM) that is trading -17.91% down over the past 12 months. Intellicheck Inc. (IDN) that is -26.02% lower over the same period.