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Tag: SPCB

  • SuperCom (SPCB) Surges in Afterhours Trading As Israel Tensions Flare

    In a whirlwind of activity, SuperCom Ltd. (NASDAQ: SPCB) made headlines on Thursday with a breathtaking surge during regular trading hours, leaping from $0.176 to $0.210, a remarkable 20% increase.

    But the drama didn’t stop there; after the closing bell, in the twilight of afterhours trading, the stock continued its ascent, defying expectations to reach an astonishing 32% increase, settling at $0.278.

    Unexpected Momentum: A Market in Motion

    The surge in SuperCom’s price was matched by an extraordinary surge in trading volume, with over 8 million shares changing hands, a stark contrast to the average daily volume of less than 2 million. The absence of any immediate news catalysts fueling this surge has left analysts scratching their heads, but investor sentiment remains resolute.

    Nevertheless, some caution that such rapid price escalation could prompt profit-taking behavior in the days ahead. For now, however, the prevailing sentiment appears bullish, driving the stock to unprecedented heights.

    Diverse Solutions, Strong Foundations

    SuperCom Ltd. specializes in providing traditional and digital identity solutions to a diverse clientele, including governmental agencies, private organizations, and the public sector. The company operates through three distinct divisions: e-Gov, Internet of Things (IoT), and Cyber Security.

    The e-Gov division offers biometric enrollment, personalization, issuance, and border control services. Meanwhile, the IoT division provides solutions for real-time identification, tracking, and monitoring. Lastly, the Cyber Security division offers comprehensive solutions to safeguard sensitive data across various platforms and devices.

    Thematic Trends: Geopolitical Impacts

    One plausible explanation for SuperCom Ltd.’s surge could be the heightened interest surrounding Israeli defense and security stocks amidst escalating tensions in the Gaza conflict, particularly concerning potential involvement from Iran. As a player in the cybersecurity sector, SPCB is attracting increased attention from investors seeking exposure to this thematic trend.

    Conclusion: Navigating Dynamic Waters

    SuperCom Ltd.’s remarkable performance in afterhours trading underscores investor interest in the company’s innovative solutions.

    While the absence of immediate news leaves some uncertainty lingering, the stock’s upward trajectory reflects prevailing bullish sentiment, potentially buoyed by geopolitical factors. Investors will undoubtedly keep a close watch on SuperCom Ltd. as it navigates these dynamic market conditions.

  • SuperCom Ltd. (SPCB) stock Ascends Further After Hours. Any Reasons?

    On March 21, shares of SuperCom Ltd. (SPCB) continued to rise in the after-hours while there was no news from the company. After battling with a sell-off earlier, SPCB stock had been on a bullish roll as of recently. The latest news from the company dates back to March 09, while the most recent SEC filing from the company was on March 3, 2022.

    SPCB stock remained bullish during the regular trading session on Monday with a gain of 25.73%. At the close of the session, the stock had a value of $0.6915 per share while the volume of shares exchanged remained above the average at 19.02 million. The stock continued its uptrend into the following after-hours session with a further gain of 15.69%. Thus, SPCB was trading at $0.8000 apiece in the after-hours while 6.11 million shares exchanged hands.

    The cybersecurity and identity solutions provider, SuperCom Ltd. was founded in 1988. Currently, the company had a market capitalization of $17.25 million.

    What is Happening with SPCB?

    Lately, most cybersecurity stocks have been very volatile due to the Russia-Ukraine conflict. Cyberattacks being an active tool of warfare and invasions, the conflict has cybersecurity stock on the watch list of investors. As the conflict escalated in the recent weeks, cybersecurity stocks continued to gain attention amid the frenzy in the market. But in the first half of March, SPCB has had a bearish sentiment despite the company’s launch of a new version of its cybersecurity software on March 09. After having a period of mild activity till March 16, the stock started gaining momentum on March 17. Since then, the stock has enjoyed a good bullish sentiment with gains followed by gains. Given that there is no news from the company, the stock seems to be gaining on external factors.

    Latest Company News

    Source: Policy Options

    On March 9, the company announced the planned launch of a new version of cybersecurity software technology y its cyber security division. The new version is robust, scalable, and provides enhanced protection from cyber-attacks. SPCB’s cyber security division includes its subsidiaries Safend and Prevision, which has been aiding governments and enterprises with cybersecurity and cyber defense strategies for more than 15 years.

    On February 25, the company announced entering into a registered direct offering of $4.7 million ordinary shares and warrants in a concurrent private placement, with an institutional investor. Moreover, the offering was expected to close near March 1, 2022.

  • SuperCom Ltd. (SPCB) stock surged in the Pre-market; here is why?

    SuperCom Ltd. (SPCB) stock surged in the Pre-market; here is why?

    The stock of SuperCom Ltd. (SPCB) stock surged in the pre-market. SPCB stock is at $0.53, with a gain of 2.12% in pre-market as of this writing. At the end of the last trading session, the stock closed at $0.52. The stock volume traded was around 2.05 million shares during the previous trading session.

    What’s Happening?

    SuperCom Ltd. (SPCB) announced that its subsidiary, Leaders in Community Alternatives (LCA), has begun providing rehabilitative services. It is a further extension to winning an award in the domain. 

    A focus on employment services for women is part of this project’s mission. It assists people who have returned to the community after periods of imprisonment. They provide evidence-based and individualized services that help to reduce the likelihood of re-incarceration. This new project is estimated to be worth approximately $1 million. For three years, the cost would be about $340,000 per year. To maintain momentum into 2022, they are pleased to announce the launch of another new project in California. They believe it will help to validate further the value of its offerings and the strength of long-term customer relationships.

    Additionally, they credit their track record of success in developing customized programs that best meet the needs of public agencies in crime reduction, improving outcomes, and eventually changing behavior for this new project. The company expects more multi-year government projects with new and existing customers worldwide. It will contribute to the company’s annual recurring revenues.

    Effect on SPCB stock

    The company is trying hard to announce projects and ventures that would help them gain the investors’ trust. The stock is increasing, and right now, they have to meet compliance with NASDAQ.

    Conclusion

    The company is trying hard to announce the projects that will help them control the stock price. The company should promote new projects that will bring new revenue streams.

  • SuperCom Ltd. (SPCB) Stock Dipped in Premarket Session, Here’s the Reason

    SuperCom Ltd. (SPCB) Stock Dipped in Premarket Session, Here’s the Reason

    SuperCom Ltd. (SPCB) is a leading international conventional and digital identity solutions provider. The company also provides extra security and identification to governments and businesses. MAGNA is a platform for e-passport issuance, biometric visa issuance, digital driving licenses, and election management. Another important program of the company is the PureRF platform which helps in identification, tracking and monitoring the people and objects.

    The price of SPCB stock during regular trading on December 30, 2021, was $0.61 with a tremendous gain of 40.10%. At last check in the pre-market, the stock declined by 3.44%.

    SPCB: Events and Happenings

    On December 30, 2021, SPCB reported about a notification by the chairman of the board about the recent acquisition of the company’s 512,000 shares in the open market. The process occurred under the purchase procedure to acquire approximately 3 million SPCB shares in the Open Market.

    On December 20, 2021, SPCB reported that Safend had been designated by a security agency and cyber security businesses to expand their security protocols. Safend is SPCB’s cyber security sub-division. The company is expected to receive more than $0.35 million from these ventures.

    On December 17, 2021, SPCB reported about the receipt of a letter from Nasdaq, about non-compliance with Nasdaq Listing Rule 5550(a)(2). The Company’s closing bid price for the stock was less than $1.00 per share. On December 2 and 9, 2021, SPCB reported about signing a contract related to electronic monitoring in Texas and Idaho respectively.

    SPCB: CEO Comments

    Ordan Trabelsi, CEO of the company stated that the novelties for house arrest and GPS offender monitoring had given innovative capacities to the marketplace. He further added that the main focus of the company is public safety using cell tower location, Wi-Fi location, and RF tethering.

    SPCB: Key Financials

    On November 11, 2021, SPCB announced the key financial highlights for three months ended September 30, 2021.

    Revenue and Assets

    Revenue reported for Q3 2021 was $3.1 million as compared to the same period prior year when it was $2.4 million. The total current assets of the company for the third quarter of 2021 were $31.4 million.

    Net Loss

    Net loss for the third quarter of 2021 was $2.4 million as compared to the same period of 2020 when it was $3.7 million. The net loss decreased over the period of the year.

    On October 7, 2021, SPCB reported about the receipt of a project award by one of its subsidiaries. The project will provide rehabilitation services. One of the main emphasis of the project was creating employment services for women.

    Conclusion

    SPCB stock showed a slight decline (11%) during the past month, yet the company recovered its stock price tremendously. But the current aftermarket dip is possibly the result of the announcement by the company’s chairman about the acquisition of shares. The analysts are optimistic that the company will play its part to lift the stock price. It will in turn attract the consumers in the coming days.

  • Why SuperCom Ltd., (SPCB) stock more than doubled early Friday?

    Why SuperCom Ltd., (SPCB) stock more than doubled early Friday?

    SUPERCOM Ltd. (NASDAQ: SPCB) stock climbed 111.03% Friday morning after SPCB announced that they have won the tender with the Government of Israel for the lease of the COVID-19 Quarantine Compliance Project. SuperCom is the provider of traditional and digital identity solutions around the world. It also deals with providing services like advanced safety, security, and identification solutions for both private and public organizations as well as for the government.

    What the project is about?

    The PureHealth Coronavirus Quarantine Compliance Solution includes the PureCare smartphone and PureTag bracelet, with that it also facilitates people with installation, training for users, support, monitoring, and reporting. SuperCom has gained the lease of this project from Israeli Government on March 19, which is an achievement on board for SPCB.

    SuperCom has already finished a successful trial program of this compliance solution for COVID-19 in Israel. The people arriving at Israel’s international airport were given the facility to if they want, they can go to home quarantine for 10-14 days with SuperCom’s “pure care technology and program”.

    After high demand due to extreme satisfaction showed by the travelers (over 91 percent chose to opt in for the program), The Israeli Ministry of Health expressed immediate demand for a bracelet-based COVID-19 quarantine solution to endorse allowing Israel’s international airports to open for large numbers of travelers to enter the country on a regular basis.

    What now?

    On national level this project is expected to start from the next week, following the necessary steps like contract signing between Israeli government and SPCB for an initial term of 3 months which could be extended for up to 36 months. The project, which is billed on a per-unit-per-day basis, is expected to produce revenues of about $3 million per month for SPCB. On the other hand,revenues may rise or fall depending on actual use.

  • Early Morning Vibes: 4 Top Trending Stocks To Watch Right Now

    On February 4, American stock indices closed in the green. The S&P 500 Index climbed 1.09% to 3872 points, reaching a new all-time high. Dow Jones rose 1.08%, NASDAQ – 1.23%. The news background remained mostly calm. High investor risk appetite may be associated with positive macroeconomic statistics. The finance sector was the top gainer, rallying 2.27% on the back of a rally in payments stocks following a PayPal report. The tech sector added 1.55% on positive performance in Apple shares.

    Company news

    PayPal (PYPL: + 7.4%) successfully reported for the fourth quarter amid a boom in online trading and an increase in cryptocurrency transactions.

    Qualcomm’s revenue (QCOM: -8.8%) was in line with expectations, which did not allow the company to distinguish itself from the unexpectedly strong results of competitors.

    EBay (EBAY: + 5.3%) results beat consensus due to explosive growth in eCommerce during the reporting period.

    Today, global stock exchanges are showing positive dynamics. The optimism remains mainly related to the prospects for the adoption of the fiscal stimulus package. President Biden said yesterday that he was not ready to reduce the volume of direct payments to the population and insisted that they remain at $ 1400. Nevertheless, the head of the White House will probably consider the idea of ​​limiting the circle of citizens who are entitled to subsidies. This item of the program is of increased interest due to the extremely high activity of private investors, which caused a wave of short squeezes last week. It is expected that part of the funds received from the state will be invested by the population in the stock market but estimates of the potential inflow of liquidity are still very different.

    The focus of attention of market participants today will be focused on makrostatistiki. Strong data on the labor market is expected, which may serve as a fresh driver for the continuation of the upward movement. The companies’ quarterly reports continue to support risk appetite, with a positive initial investor reaction to the reports prevailing.

    Sentiment Index

    The Freedom Finance Sentiment Index remains at 68 out of 100. The index reflects market participants’ hope for a global economic recovery in 2021. Concerns about the negative impact of the coronavirus pandemic are gradually diminishing thanks to the prospect of mass vaccinations.

    Technical picture

    Technically, the S&P 500 is still in a medium-term uptrend. The day before, the broad market index reached a new high, which signals the continued activity of buyers. The short-term outlook will depend on whether the bulls can hold the S&P 500 above 3870 points. The next resistance is at 3900 points, where the upper trend line lies.

    Today Top Movers‎T2 Biosystms Inc (TTOO), a healthcare firm, soared about 47.50% ‎at $3.54 in pre-market ‎trading Friday following the news of efficiency of its T2SARS-CoV-2™ Panel to ‎detect Brazil (P.1) variant of the SARS-CoV-2 virus.‎ ‎

    Aurora Mobile Ltd (JG) share price jumped 112.31% to $8.45 during the early morning ‎trading session on ‎Friday after declaring a partnership agreement with Kuaishou Technology, to improve advertising monetization efficiency. ‎ Supercom Lt (SPCB) stock ascended 37.85% at $1.93 in the pre-market trading today.‎ The company recently revealed the closing of financing with gross proceeds of $7 million to support the company’s growth capital needs. ‎LAIX Inc (LAIX) gained over 172.66% at $6.98 in pre-market ‎trading on Friday.‎ It appears there was a coordinated move on social media to drive the price up.

    Top Upgrades & Downgrades

    BTIG turned bullish on Canada Goose Holdings Inc. (GOOS), upgrading the stock to “Neutral”. 

    Infinity Pharmaceuticals Inc. (INFI) has won the favor of JPMorgan’s equity research team. The firm upgraded the shares from Underweight to Neutral. 

    CMS Energy Corporation (CMS) received an upgrade from analysts at Credit Suisse, who also set their one-year price target on the stock to $64. They changed their rating on CMS to Outperform from Neutral in a recently issued research note. 

    Earlier Friday Oppenheimer reduced its rating on New Relic Inc. (NEWR) stock to Perform from Outperform. 

    Wells Fargo analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Bruker Corporation (BRKR) has been changed to Equal Weight from Overweight and the new price target is set at $55. 

    Analysts at Raymond James downgraded Peloton Interactive Inc. (PTON)’s stock to Market Perform from Outperform Friday.

    Latest Insider Activity

    Palantir Technologies Inc. (PLTR) Karp Alexander C. announced the sale of shares taking place on Feb 02 at $31.59 for some 1,285,123 shares. The total came to more than $40.6 million. 

    Delta Air Lines Inc. (DAL) Int Co-CFO & SVP, Fin & Cntlr Carroll William C sold on Feb 02 a total of 19,481 shares at $38.55 on average. The insider’s sale generated proceeds of almost $0.1 million. 

    The Charles Schwab Corporation (SCHW) Director Ruffel Charles A. declared the purchase of shares taking place on Feb 04 at $54.08 for some 3,636 shares. The transaction amount was around $0.2 million. 

    Aurinia Pharmaceuticals Inc. (AUPH) Director Leversage Jill bought on Jan 29 a total 400 shares at $16.03 on average. The purchase cost the insider an estimated $6,412.

    Important Earnings

    Top US earnings releases scheduled for today include GrafTech International Ltd. (NYSE: EAF). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.4 per share from revenues of $300.16M in the three-month period. 

    Analysts expect Cardinal Health Inc. (NYSE: CAH) to report a net income (adjusted) of $1.44 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $41.44B. 

    Sanofi (SNY), due to announce earnings before the market opens today, is expected to report earnings of $0.69 per share from revenues of $11.39B recently concluded three-month period.

  • 23 Stocks Making Sharp Moves in Pre Market Session

    23 Stocks Making Sharp Moves in Pre Market Session

    ‎Bionano Genomics Inc. (BNGO) stock soared 46.62% to $1.95 in the pre-‎market ‎trading after reporting that Praxis Genomics, LLC received accreditation from the College of ‎American ‎Pathologists (CAP). The most recent rating by Ladenburg Thalmann, on September 24, 2020, ‎is a Buy.‎

    ‎Tenax Therapeutics Inc. (NASDAQ: TENX) shares are trading down -7.07% at $1.84 ‎at ‎the time of writing. Company’s 52-week ranged between $0.25 to $2.68.‎

    ‎Ideanomics Inc. (IDEX) stock soared 2.87% to $2.15 in the pre-market trading. ‎The ‎company recently revealed that its Mobile Energy Global (“MEG”) and its contracting entity ‎Qingdao ‎Chengyang Medici have signed an agreement with Meihao Chuxing, a joint venture between ‎BYD and ‎Didi, to purchase an initial 2,000 units of model BYD D1. ‎

    ‎Oxbridge Re Holdings Limited (OXBR) stock moved down -6.83 percent to $1.91 ‎in ‎the pre-market trading.‎

    ‎Guardion Health Sciences Inc. (NASDAQ: GHSI) shares are trading up 12.48% ‎at ‎‎$0.4289 at the time of writing. The firm lately declared the appointment of seasoned ‎nutritional ‎products industry leader Bret Scholtes as President and Chief Executive Officer. Company’s ‎‎52-week ‎ranged between $0.17 to $0.74.‎

    ‎Gevo Inc. (GEVO) is down more than -4.76% at $4.4 in pre-market ‎hours ‎Wednesday December 30, 2020. The stock had dropped over -4.15% to $4.62 in the last ‎trading ‎session.‎

    ‎Universal Security Instruments Inc. (UUU) stock moved up 5.0 percent to $5.25 ‎in ‎the pre-market trading following its statement regarding recent market activity in the ‎Company’s ‎stock.‎

    ‎Marathon Patent Group Inc. (MARA) gained over 10.03% at $12.94 in pre-‎market ‎trading Wednesday December 30, 2020. The company recently reported that it has entered ‎into a ‎contract with Bitmain to purchase 70,000 Antminer S-19 ASIC miners.‎

    Before the trading started on December 30, 2020, Ocugen Inc. (OCGN) is down -‎‎‎7.83% to reach $2.0. It has been trading in a 52-week range of $0.17 to $3.05.‎

    Before the trading started on December 30, 2020, Moderna Inc. (MRNA) is ‎up ‎‎3.59% to reach $118.5 following the declaration from the company that the it is engaged in ‎discussions ‎with the government of South Korea to potentially provide 40 million or more doses of the ‎Moderna ‎COVID-19 Vaccine to support South Korea’s aim of providing vaccines to the public as soon as ‎possible. ‎It has been trading in a 52-week range of $17.68 to $178.50.‎

    ‎Riot Blockchain Inc. (RIOT) stock soared 6.02% to $16.74 in the pre-market trading.‎

    ‎Technical Communications Corporation (NASDAQ: TCCO) shares are trading down -‎‎‎16.78% at $4.76 at the time of writing after declaring its results for the fiscal year ended September ‎‎26, ‎‎2020. Company’s 52-week ranged between $1.72 to $7.00.‎

    ‎Tonix Pharmaceuticals Holding Corp. (TNXP) is up more than 2.21% at $0.6695 ‎in ‎pre-market hours Wednesday December 30, 2020. The stock had dropped over -6.16% to $0.65 in ‎the ‎last trading session.‎

    ‎AstraZeneca PLC (AZN) gained over 2.26% at $51.03 in pre-market ‎trading ‎Wednesday December 30, 2020 after receiving approval of its coronavirus vaccine in U.K.‎

    ‎New Concept Energy Inc. (AMEX: GBR) shares are trading down -14.75% at $2.08 ‎at ‎the time of writing. Company’s 52-week ranged between $0.55 to $2.19.‎

    ‎Moleculin Biotech Inc. (MBRX) stock plunged -1.67% to $0.8279 in the pre-‎market ‎trading after declaring that that the US Food and Drug Administration (FDA) has granted ‎Orphan Drug ‎Designation (ODD) to Annamycin for treatment of soft tissue sarcomas.‎

    ‎MoSys Inc. (MOSY), a Semiconductors company, dropped about -13.22% at $2.1 ‎in ‎pre-market trading Wednesday.‎

    Before the trading started on December 30, 2020, Greenpro Capital Corp. (GRNQ) ‎is ‎down -2.15% to reach $1.82. The company lately revealed that it intends to set up a Bitcoin ‎‎($BTC) ‎Fund for investment. It has been trading in a 52-week range of $0.21 to $3.12.‎

    ‎Nxt-ID Inc. (NXTD) gained over 9.92% at $1.44 in pre-market trading ‎Wednesday ‎December 30, 2020.‎

    ‎Hepion Pharmaceuticals Inc. (HEPA) gained over 50.0% at $3.12 in pre-‎market ‎trading Wednesday December 30, 2020 after declaring positive top line data for low dose ‎CRV431 in ‎Phase 2a ‘AMBITION’ clinical trial for treatment of Advanced NASH.‎

    ‎XPeng Inc. (XPEV) is up more than 3.13% at $42.85 in pre-market hours ‎Wednesday ‎December 30, 2020. The stock had jumped over 9.31% to $41.55 in the last trading session.‎

    ‎BioNTech SE (BNTX) is up more than 3.5% at $91.37 in pre-market hours ‎Wednesday ‎December 30, 2020 following declaration from the financial magazine Caixin that Shanghai ‎Fosun ‎Pharmaceutical Group will set up a joint venture with BioNTech to produce COVID-19 vaccines in ‎China. ‎The stock had jumped over 0.19% to $88.28 in the last trading session.‎

    Before the trading started on December 30, 2020, Bit Digital Inc. (BTBT) is up ‎‎14.58% ‎to reach $12.1. It has been trading in a 52-week range of $0.28 to $12.45.‎