Just the Facts on Superconductor Technologies Inc. (SCON)

Superconductor Technologies Inc. (NASDAQCM:SCON) is an interesting player in the Technology space, with a focus on Semiconductor – Integrated Circuits. The stock has been active on the tape, currently trading at $1.09, up from yesterday’s close by -5.22%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. Superconductor Technologies Inc. (SCON) currently trades with a market capitalization of $5.50M. That value represents a market adjusting for revenues that have been falling by -75.80% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For SCON, the company currently has $3.39M of cash on the books, which is offset by $0.00 current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $-3.46M over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -0.55 on a per share basis this quarter.

Technical Analysis

It’s important to check the technicals to get a sense of how has been acting. Looking at the stock’s movement on the chart, Superconductor Technologies Inc. recorded a 52-week high of 4.80. It is now trading 3.65 off that level. The stock is trading 1.63 its 50-day moving average by 0.48. The stock carved out a 52-week low down at 1.05.

In recent action, Superconductor Technologies Inc. (SCON) has made a move of -22.14% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 75.64, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.39M with 11.76% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SCON.

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