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SuperCom Ltd (NASDAQ: SPCB) Is One Of The Hottest Stocks Right Now.

SuperCom Ltd (NASDAQ:SPCB) price closed higher on Monday, February 12, jumping 22.44% above its previous close.

A look at the daily price movement shows that the last close reads $0.18. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.22 and 52-week low of $0.16. The stock subtracted -23.80% on its value in the past month.

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SuperCom Ltd, which has a market valuation of $2.08 million, is expected to release its quarterly earnings report Apr 10, 2024 – Apr 15, 2024. In this case, analysts estimate an annual EPS growth of 118.00% for the year and -54.50% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $4.6 million, with the likely lows of $4.6 million and highs of $4.6 million. The average estimate suggests sales growth for the quarter will likely fall by -26.60% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $26.4 million for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow 49.60% above that which the company brought in 2023.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give SPCB a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that SPCB’s price is at present -2.91% off the SMA20 and -28.53% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.77, with weekly volatility standing at 24.12%. The indicator jumps to 12.97% when calculated based on the past 30 days. SuperCom Ltd (NASDAQ:SPCB)’s beta value is holding at 0.30, while the average true range (ATR) indicator is currently reading 0.03.

Turning out attention to how the SuperCom Ltd stock has performed in comparison to its peers in the industry, here’s what we find: SPCB’s stock is 22.44% on the day and -89.30% in the past 12 months, while 3M Co. (MMM) traded 1.86%% in the last session and was positioned -17.91% down on its price 12 months ago. Turning out attention to how the SuperCom Ltd stock has performed in comparison to its peers in the industry, here’s what we find: SPCB’s stock is 22.44% on the day and -89.30% in the past 12 months, while 3M Co. (MMM) traded 1.86%% in the last session and was positioned -17.91% down on its price 12 months ago. Another comparison is with Intellicheck Inc. (IDN) whose stock price was down -1.09%% in the last trading session, and has flourished -26.02% over the past year. Also, NAPCO Security Technologies Inc. (NSSC) showed up trend of 2.47%% while its price kept floating at 37.97% over the past year.

An analysis of the SuperCom Ltd (NASDAQ:SPCB) stock in terms of its daily trading volume indicates that the 3-month average is 71.48. However, this figure increases on the past 10-day timeline to an average of 8.1 million.

Current records show that the company has 9.25M in outstanding shares. The insiders’ percentage holdings are 5.08% of outstanding shares while the percentage share held by institutions stands at 7.95%. The stats also highlight that short interest as of Jan 31, 2024, stood at 12370.0 shares, which puts the short ratio at the time at 0.05. From this we can glean that short interest is 0.19% of company’s current outstanding shares. Notably, we see that shares short in January fall slightly given the previous month’s figure stood at 93820.0. But the -41.79% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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