Keep Your Eyes on This Stock: Superconductor Technologies Inc. (NASDAQ:SCON)

Business Technology

Superconductor Technologies Inc. (NASDAQ:SCON) stock observed trading -92.93% off 52-week high price. On the other end, the stock has been noted 4.72% away from low price over the last 52-weeks. The stock disclosed a move of -40.52% away from 50 day moving average and -46.59% away from 200 day moving average. Moving closer, we can see that shares have been trading -36.25% off 20-day moving average. It has market cap of $3.53M .

Superconductor Technologies Inc. (NASDAQ:SCON) declared completion of its previously reported underwritten public of 1,700,000 shares of its common stock for total gross proceeds of $1.7 million.

The offering was priced at $1.00 per share of common stock.  The Company intends to use the net proceeds of the offering for working capital and general corporate purposes.

H.C. Wainwright & Co. acted as the sole book-running manager for the offering.

The Company also granted the underwriter a 45-day option to purchase up to 255,000 additional shares of common stock, at the public offering price, less underwriting discounts and commissions.

 The USA based company Superconductor Technologies Inc. moved with change of 0.61% to $0.91 with the total traded volume of 37088 shares in recent session versus to an average volume of 249.89K. The stock was observed in the 5 days activity at -30.80%. The one month performance of stock was -43.83%. SCON’s shares are at -42.04% for the quarter and driving a -89.83% return over the course of the past year and is now at -29.46% since this point in 2018.  Right now the stock beta is 0.61. The average volatility for the week and month was at 6.10% and 6.82% respectively. There are 3.88M shares outstanding and 3.79M shares are floated in market.

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