Will SuperCom Ltd. (SPCB) Short Squeeze Soon?

May 16, 2018 - By Hazel Jackson

SuperCom Ltd. (NASDAQ:SPCB) Logo

The stock of SuperCom Ltd. (NASDAQ:SPCB) hit a new 52-week low and has $1.70 target or 8.00 % below today’s $1.85 share price. The 7 months bearish chart indicates high risk for the $27.64M company. The 1-year low was reported on May, 16 by Barchart.com. If the $1.70 price target is reached, the company will be worth $2.21M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.65% or $0.07 during the last trading session, reaching $1.85. About 75,711 shares traded or 13.78% up from the average. SuperCom Ltd. (NASDAQ:SPCB) has declined 1.03% since May 16, 2017 and is downtrending. It has underperformed by 12.58% the S&P500.

More notable recent SuperCom Ltd. (NASDAQ:SPCB) news were published by: Prnewswire.com which released: “SuperCom Reports Record Annual Revenue with 66% Organic Growth and 200% Gross Margin Improvement for Full …” on May 14, 2018, also Benzinga.com with their article: “Earnings Scheduled For May 14, 2018” published on May 14, 2018, Benzinga.com published: “48 Biggest Movers From Yesterday” on May 15, 2018. More interesting news about SuperCom Ltd. (NASDAQ:SPCB) were released by: Seekingalpha.com and their article: “SuperCom’s (SPCB) CEO Arie Trabelsi on Q4 2017 Results – Earnings Call Transcript” published on May 14, 2018 as well as Globenewswire.com‘s news article titled: “SuperCom Awarded $7 Million National Electronic Monitoring Project in Sweden” with publication date: April 23, 2018.

SuperCom Ltd. provides identity, machine-to-machine, cyber security device, payment, and connectivity products and solutions to governments, and private and public organizations worldwide. The company has market cap of $27.64 million. The firm offers MAGNA, a common platform for ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driverÂ’s licenses, and electronic voter registration and election management. It currently has negative earnings. The Company’s PureRF suite is a solution based on radio-frequency identification tag technology to identify, locate, track, monitor, count, and protect people and objects.

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