Benchmark Co. Reiterates a Buy Rating on Uni-Pixel

By Jason Carr

In a report released today, Mark Miller from Benchmark Co. reiterated a Buy rating on Uni-Pixel (NASDAQ: UNXL), with a price target of $2.40. The company’s shares closed yesterday at $1.32.

According to TipRanks.com, Miller is a 4-star analyst with an average return of 3.4% and a 60.0% success rate. Miller covers the Technology sector, focusing on stocks such as Hutchinson Technology Inc, Rofin-Sinar Technologies, and Axcelis Technologies.

Currently, the analyst consensus on Uni-Pixel is Strong Buy and the average price target is $2.70, representing a 104.5% upside.

In a report issued on November 7, Roth Capital also reiterated a Buy rating on the stock with a $3 price target.

Based on Uni-Pixel’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $957K and GAAP net loss of $6.14 million. In comparison, last year the company earned revenue of $1.5 million and had a GAAP net loss of $10.02 million.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UNXL in relation to earlier this year. Most recently, in June 2016, Ross Adam Young, a Director at UNXL bought 4,000 shares for a total of $6,840.

Uni-Pixel, Inc. develops and markets touch sensor films for the touch screen and flexible electronics market. It markets its technologies for touch panel sensor and hard coat resin for cover glass replacement, and protective cover film applications under the XTouch and Diamond Guard brands. It also developed a hard coat resin that can be applied using film, spray, or inkjet coating methods for applications as protective cover films, a cover lens replacement, or a conformal hard coat for plastic components. The company was founded by Daniel K. Van Ostrand on February 17, 1998 and is headquartered in The Woodlands, TX.