Stock News in Focus: SuperCom Ltd. (NASDAQ:SPCB)

SuperCom Ltd. (NASDAQ:SPCB) stock observed trading -76.24% off 52-week high price. On the other end, the stock has been noted 52.04% away from low price over the last 52-weeks. The stock disclosed a move of -35.09% away from 50 day moving average and -52.13% away from 200 day moving average. Moving closer, we can see that shares have been trading -24.01% off 20-day moving average. It has market cap of $4.28M.

On March 19,2020, SuperCom Ltd. (NASDAQ:SPCB) a global provider of Multi-Identity, IoT, Connectivity, and Cyber Security solutions for the global Public and Private Sectors, released that its CEO, Mr. Arie Trabelsi, has notified the Company that he has increased his purchase program to purchase up to 6 Million of the company’s ordinary shares on the open market.

I believe the SPCB current stock price levels do not reflect the high intrinsic value of the company. This program provides me the ability to opportunistically acquire SuperCom shares and underscores my ongoing belief in the Company, commented Mr. Arie Trabelsi, President and CEO of SuperCom.

Under the CEO purchase program, the CEO may purchase shares in open market transactions or through other authorized methods. The extent to which the CEO purchases SuperCom shares and the timing of such purchases is at the discretion of the CEO and will depend upon market conditions and regulatory requirements. This program does not require the purchase of any minimum number of shares.

The Israel based company SuperCom Ltd. moved with change of -20.81% to $0.38 with the total traded volume of 1486690 shares in recent session versus to an average volume of 376.97K. The stock was observed in the 5 days activity at 3.60%. The one month performance of stock was -38.69%. SPCB’s shares are at -42.41% for the quarter and driving a -75.48% return over the course of the past year and is now at -38.68% since this point in 2018.  Right now the stock beta is 1.09. The average volatility for the week and month was at 45.05% and 32.97% respectively. There are 11.25M shares outstanding and 11.25M shares are floated in market.

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