Superconductor Technologies Inc (SCON) Gets a Buy Rating from H.C. Wainwright

By Carrie Williams

In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Superconductor Technologies Inc (SCONResearch Report), with a price target of $9. The company’s shares closed last Monday at $0.84, close to its 52-week low of $0.70.

According to TipRanks.com, Dayal is a 4-star analyst with an average return of 4.1% and a 44.1% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Advanced Emissions Solutions, Inc., Ballard Power Systems, and Orion Energy Systems.

Superconductor Technologies Inc has an analyst consensus of Moderate Buy, with a price target consensus of $9.

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Based on Superconductor Technologies Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.59 million. In comparison, last year the company had a GAAP net loss of $1.52 million.

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Superconductor Technologies, Inc. engages in the provision of high temperature superconducting materials and related technologies. Its products include Conductus superconducting wire, wireless solutions, and cryogenic solutions. The company was founded on May 11, 1987 and is headquartered in Austin, TX.