SuperCom Ltd (NASDAQ:SPCB) price on Thursday, April 18, fall -33.31% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.24.
A look at the stock’s price movement, the close in the last trading session was $0.36. The beta value (5-Year monthly) was 0.26. Turning to its 52-week performance, $1.54 and $0.15 were the 52-week high and 52-week low respectively. Overall, SPCB moved 45.45% over the past month.
SuperCom Ltd’s market cap currently stands at around $2.22 million, with investors looking forward to this quarter’s earnings report slated for May 13, 2024 – May 17, 2024.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that SPCB is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
SPCB’s current price about 4.68% and 21.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.11, while 7-day volatility ratio is 36.71% and 21.68% in the 30-day chart. Further, SuperCom Ltd (SPCB) has a beta value of -0.14, and an average true range (ATR) of 0.06.
If we refocus on SuperCom Ltd (NASDAQ:SPCB), historical trading data shows that trading volumes averaged 6.93 million over the past 3 months. The company’s latest data on shares outstanding shows there are 9.25 million shares.
The 5.08% of SuperCom Ltd’s shares are in the hands of company insiders while institutional holders own 30.96% of the company’s shares. Current price change has pushed the stock -37.86% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SPCB stock continues to rise going into the next quarter.
