SCON stock: buy or sell?

SCON stock price: $0.23 -4.17% At close on October 18th, 2019

Updated on:
October 18th, 2019

1

Shares of Superconductor Technologies closed yesterday at $0.23 and plunged a scary -4.17%. On Oct 10th SCON rocketed an exceptional 31.25%. On Tuesday SCON plummed a bloodcurdling -8.33%.

Superconductor Technologies Inc. develops and commercializes high temperature superconductor materials and related technologies in the United States.

Should I buy SCON stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Superconductor stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Superconductor stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we detected 2 ratings published for SCON stock in the last 30 days.

Is SCON a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-14HC Wainwrightn/aBuy
2019-3-22HC Wainwrightn/aBuy

SCON stock analysis

Daily outlook

Superconductor Technologies shares plunged -4.17% to $0.23 yesterday.

Superconductor Technologies shares plunged -4.17% to $0.23 yesterday.

SCON stock chart (daily)

Weekly outlook

Superconductor closed this week at $0.23 and plummed a bloodcurdling -20.69%. Early September SCON climbed a dazzling 17.28% in just one week. This was the fifth red week in a row, sliding in full a -66.67%.

Since price and 20-weeks moving average lines crossed down early May, SCON fell $-1.38 per share (-85.71%).

SCON stock chart (weekly)

SCON stock price history

SCON IPO was on March 2nd, 2004 at $40,500.00 per share1. Since then, SCON stock sliced a -100.00%, with a yearly average of -6.70%.

1: Adjusted price after possible price splits or reverse-splits.

SCON stock historical price chart

SCON stock reached 52-week highs on March at $2.58, and all-time highs 2004-03-02 with a price of 45360.

SCON stock price target is $9.00

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 2 price predictions for Superconductor Technologies stock:
SCON stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-14HC WainwrightReiteratesn/a$9.00-
2019-3-22HC WainwrightReiteratesn/a$9.00-
(in average)$0.00$9.000.0%
Moving in a range from $9.00 and $9.00, the price forecast for Superconductor Technologies stock is $9.00. In average, analysts' outlook on SCON price forecast is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After posting its last earnings report on March, Superconductor Technologies . As soon as we get its actual EPS from the earnings report, we will update this review.
SCON earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.26n/a
2017-Q2-n/a-0.24n/a
2017-Q32017-11-09-0.25-0.23n/a
2017-Q42018-03-22-1.1-1.7n/a
2018-Q12018-05-10-1.6-2n/a
2018-Q22018-08-14-1.7-1.24n/a
2018-Q32018-11-13-1.96-0.88n/a
2018-Q42019-03-21n/a-0.7n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw an amazing increase of 248.88% to $1.56 M dollars. When comparing 2018 vs 2017, likewise, profit margin (that is, the net income divided by revenues) boosted a 1,613.54% to -522.56%.

SCON annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1.71 M-$-12.17 M-711.7%-
2014$0.63 M-63.04%$-8.25 M-1305.5%-32.20%
2015$0.24 M-61.39%$-8.60 M-3525.4%4.25%
2016$0.13 M-46.31%$-11.12 M-8485.5%29.23%
2017$0.45 M240.46%$-9.53 M-2136.1%-14.29%
2018$1.56 M248.88%$-8.13 M-522.6%-14.65%

Quarterly financial results

Superconductor posted $0.00 million in sales for 2018-Q4, a -100.00% decline compared to previous quarter. Reported quarter earnings marked $-2.26 M with a profit margin of . Profit margin remained constant a 0.00% compared to previous quarter when profit margin was -419.54%. When comparing revenues to same quarter last year, Superconductor Technologies sales marked a spooky loss and collapsed a -100.00%. Looking back to recent quarterly results, Superconductor Technologies posted 2 negative quarters in a row.
SCON quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$0.00 M-$-2.63 M-263000.0%-
2017-Q2$0.01 M700.00%$-2.54 M-31750.0%-3.42%
2017-Q3$0.13 M1,525.00%$-2.50 M-1926.2%-1.42%
2017-Q4$0.31 M136.15%$-1.85 M-603.6%-26.00%
2018-Q1$0.25 M-19.87%$-2.18 M-885.4%17.54%
2018-Q2$0.79 M222.36%$-1.52 M-191.9%-30.12%
2018-Q3$0.52 M-34.80%$-2.17 M-419.5%42.51%

Superconductor ownership

When you are planning to invest in a company, it's always worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Superconductor, 0.27% of all outstanding shares are owned by its staff.

In case of Superconductor Technologies stock, 15.19% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for SCON stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Superconductor:

SCON
Market cap$1.3 M
Total shares5.5 M
Float shares5.0 M
  - Institutional holdings (%)15.2%
  - Insider holdings (%)0.3%
Shares in short selling0.0%

SCON summary

Friday, October 18th, 2019
Open$0.23
Close$0.23
Day range$0.21 - $0.24
Previous close$0.24
Session gain-4.17%
Average true range$0.10
50d mov avg$0.61
100d mov avg$0.73
200d mov avg$1.12
Daily pattern
Weekly pattern lt11c

Superconductor performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Superconductor Technologies to :
Stock3m6m12m
SCONSuperconductor Te...-75.79%-84.97%-88.21%

Superconductor competitors

Unfortunately, we could not find any public company that could be defined as Superconductor competitor. This doesn't mean Superconductor does not have any competitor in the market, it's just we could not detected it.