SuperCom, a renowned company listed on the NASDAQ stock exchange, has recently received a significant letter from NASDAQ notifying them of their non-compliance with the minimum bid price requirement. In order to rectify this situation, SuperCom must ensure that the closing bid price of their common stock reaches or exceeds $1.00 per share for a consecutive period of 10 business days. However, NASDAQ has granted SuperCom a generous extension of 180 days to regain compliance with this crucial rule.
It is worth noting that SuperCom had previously faced a similar situation in May 2020, where they managed to regain compliance with the minimum bid price requirement. Unfortunately, in 2021, NASDAQ once again issued a letter indicating that SuperCom was not in compliance. Nevertheless, SuperCom successfully regained compliance with the minimum bid price requirement in December 2020, demonstrating their resilience and commitment to meeting regulatory standards.
SuperCom Ltd.
SPCB
Buy
Updated on: 29/09/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
SPCB Stock Performance: Positive Sentiment Amidst Challenges in Achieving Profitability
On September 18, 2023, SPCB stock opened at $0.45, which was higher than the previous day’s closing price of $0.41. Throughout the day, the stock traded within a range of $0.42 to $0.45. The trading volume for the day was 837 shares, which was significantly lower than the average volume of 220,319 shares over the past three months.
SPCB has a market capitalization of $4.2 million. Despite its size, the company has shown strong earnings growth in the past year, with a growth rate of 47.79%. However, the earnings growth for this year has declined by 18.03%. Looking ahead, SPCB is expected to achieve a steady earnings growth rate of 20.00% over the next five years.
The revenue growth for SPCB in the last year was 43.87%. However, it is important to note that SPCB’s financial performance has not translated into a positive net profit. In the last year, the company reported a net loss of $7.5 million, resulting in a negative net profit margin of -42.25%.
The price/sales ratio is 0.37, which indicates that the stock is relatively undervalued compared to its sales. The price/book ratio is 0.60, suggesting that the stock is trading below its book value.
In terms of the stock’s performance on September 18, 2023, SPCB experienced a slight increase of $0.03, or 4.70%.
SPCB operates in the electronic technology sector, specifically in the computer communications industry. The company is headquartered in Tel Aviv, Tel Aviv.
Looking forward, SPCB’s next reporting date is scheduled for November 15, 2023. Analysts are forecasting an earnings per share (EPS) of -$0.21 for the current quarter. In the previous year, SPCB generated annual revenue of $17.6 million, but incurred a net loss of $7.5 million.
Overall, SPCB’s stock performance on September 18, 2023, showed a slight increase, indicating some positive sentiment among investors. However, the company’s financials, including its negative net profit margin, suggest that there may be challenges ahead for SPCB in achieving profitability. Investors should closely monitor the company’s future earnings reports and revenue growth to assess its long-term prospects.
Supercom Ltd: Analysts Forecast 594.28% Increase in Stock Price, Consensus to Buy
On September 18, 2023, Supercom Ltd (SPCB) had a median target price forecast of $3.00, according to one analyst. This represents a significant increase of 594.28% from the last recorded price of $0.43. The high and low estimates for the stock’s price were also $3.00, indicating a unanimous agreement among analysts.
The current consensus among polled investment analysts is to buy stock in Supercom Ltd. This rating has remained steady since August, indicating a consistent positive sentiment towards the company’s performance.
Supercom Ltd reported an earnings per share of -$0.21 for the current quarter. This suggests that the company experienced a loss during this period.
Supercom Ltd reported $4.5 million in revenue for the current quarter.
Investors should keep in mind that the reporting date for these financial figures is November 15.
Overall, the median target price forecast of $3.00 and the unanimous buy rating from analysts suggest positive expectations for Supercom Ltd’s stock performance. However, investors should conduct thorough research and consider all available information before making any investment decisions.
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