SuperCom Ltd (NASDAQ:SPCB) price closed higher on Monday, April 15, jumping 45.07% above its previous close.
A look at the daily price movement shows that the last close reads $0.28. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.54 and 52-week low of $0.15. The stock added 144.89% on its value in the past month.
SuperCom Ltd, which has a market valuation of $3.70 million. 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 — upward and — downward reviews. On the technical perspective front, indicators give SPCB a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as Hold.
The overview shows that SPCB’s price is at present 103.06% off the SMA20 and 113.24% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 78.28, with weekly volatility standing at 29.64%. The indicator jumps to 17.88% when calculated based on the past 30 days. SuperCom Ltd (NASDAQ:SPCB)’s beta value is holding at 0.11, while the average true range (ATR) indicator is currently reading 0.05.
An analysis of the SuperCom Ltd (NASDAQ:SPCB) stock in terms of its daily trading volume indicates that the 3-month average is 4.28 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 30.96%. But the 3.68% upside, 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.
