SuperCom Ltd (NASDAQ:SPCB) shares, rose in value, with the stock price up by 37.14% to the previous day’s close as strong demand from buyers drove the stock to $0.29.
Actively observing the price movement in the last trading, the stock closed the session at $0.21. The value of beta (5-year monthly) was 0.27. Referring to stock’s 52-week performance, its high was $1.54, and the low was $0.15. On the whole, SPCB has fluctuated by 77.34% over the past month.
With the market capitalization of SuperCom Ltd currently standing at about $2.66 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 10, 2024 – Apr 15, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to -$0.15 for fiscal year $0.11 and then to about $0.05 by fiscal year 2024. Data indicates that the EPS growth is expected to be 118.00% in 2024, while the next year’s EPS growth is forecast to be -54.50%.
Analysts have estimated the company’s revenue for the quarter at $4.6 million, with a low estimate of $4.6 million and a high estimate of $4.6 million. According to the average forecast, sales growth in current quarter could jump down -26.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $26.4 million, representing an increase of 49.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SPCB’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SPCB currently trading nearly 66.43% and 55.84% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 78.93, while the 7-day volatility ratio is showing 21.15% which for the 30-day chart, stands at 12.07%. Furthermore, SuperCom Ltd (SPCB)’s beta value is 0.20, and its average true range (ATR) is 0.03.
A comparison of SuperCom Ltd (SPCB) with its peers suggests the former has fared considerably weaker in the market. SPCB showed an intraday change of 37.14% in last session, and over the past year, it shrunk by -78.98%%.
Data on historical trading for SuperCom Ltd (NASDAQ:SPCB) indicates that the trading volumes over the past 10 days have averaged 1.52 million and over the past 3 months, they’ve averaged 2.07 million. According to company’s latest data on outstanding shares, there are 9.25 million shares outstanding.
Nearly 5.08% of SuperCom Ltd’s shares belong to company insiders and institutional investors own 30.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.21 million shares as on Mar 15, 2024, resulting in a short ratio of 0.32. According to the data, the short interest in SuperCom Ltd (SPCB) stood at 3.21% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.85 million. The stock has fallen by -25.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPCB stock heading into the next quarter.
