Maxim Group Forecasts Strong Price Appreciation for SuperCom (NASDAQ:SPCB) Stock

SuperCom (NASDAQ:SPCB) had its price target increased by analysts at Maxim Group from $12.00 to $18.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Maxim Group’s price target would indicate a potential upside of 35.95% from the stock’s current price.

Separately, StockNews.com cut shares of SuperCom from a “hold” rating to a “sell” rating in a research note on Friday, December 13th.

SuperCom Stock Down 10.4 %

Shares of SPCB opened at $13.24 on Tuesday. The stock has a market cap of $28.20 million, a price-to-earnings ratio of -60.18 and a beta of 0.07. The company has a quick ratio of 4.66, a current ratio of 5.10 and a debt-to-equity ratio of 2.11. SuperCom has a 12 month low of $2.55 and a 12 month high of $14.96. The company has a 50-day moving average price of $5.45 and a two-hundred day moving average price of $3.37.

SuperCom Company Profile

SuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. The company operates in three segments: e-Gov, IoT and Connectivity, and Cyber Security. It offers MAGNA, a platform for national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management.