2 Stocks That Are Just Getting Started: Altus Midstream Company (NASDAQ:ALTM), SuperCom Ltd. (NASDAQ:SPCB)

The shares of Altus Midstream Company (NASDAQ:ALTM) has been pegged with a rating of Underweight by Barclays in its latest research note that was published on March 24, 2020. Barclays wasn’t the only research firm that published a report of Altus Midstream Company, with other equities research analysts also giving their opinion on the stock. The stock had earned Equal Weight rating from Barclays Markets when it published its report on April 16, 2019. That day the Barclays set price target on the stock to $7. The stock was given Outperform rating by Credit Suisse in its report released on January 04, 2019, the day when the price target on the stock was placed at 11. Barclays was of a view that ALTM is Overweight in its latest report on December 07, 2018.

Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 0 advised investors to purchase the stock. The consensus currently stands at a Underweight while its average price target is $1.50. The price of the stock the last time has raised by 6.67% from its 52-Week high price while it is -87.30% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 31.73.

The shares of the company dipped by -14.89% during the trading session on Wednesday, reaching a low of $0.75 while ending the day at $0.80. During the trading session, a total of 576725.0 shares were traded which represents a -2.08% decline from the average session volume which is 564970.0 shares. ALTM had ended its last session trading at $0.94. ALTM 52-week low price stands at $0.75 while its 52-week high price is $6.30.

The company in its last quarterly report recorded $8.77 earnings per share which is above the predicted by most analysts. The Altus Midstream Company generated 5.98 million in revenue during the last quarter. In the second quarter last year, the firm recorded -$0.07 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 99.89%. Altus Midstream Company has the potential to record 0.09 EPS for the current fiscal year, according to equities analysts.

Investment analysts at H.C. Wainwright published a research note on December 04, 2017 where it informed investors and clients that SuperCom Ltd. (NASDAQ:SPCB) is now rated as Buy. Their price target on the stock stands at $6. Singular Research also rated SPCB as Initiated on March 31, 2015, with its price target of $13.25 suggesting that SPCB could surge by 82.0% from its current share price. Even though the stock has been trading at $0.38/share, analysts expect it to surge by 18.73% to reach $2.50/share. It started the day trading at $0.68 and traded between $0.42 and $0.45 throughout the trading session.

A look at its technical shows that SPCB’s 50-day SMA is 0.5614 while its 200-day SMA stands at 0.7789. The stock has a high of $1.55 for the year while the low is $0.25. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 42669.59 shorted shares, the short percentage went higher by 27.66%, as 54,472 ALTM shares were shorted. At the moment, only 0.38% of SuperCom Ltd. shares were sold short. The company’s average trading volume currently stands at 433.72K shares, which means that the short-interest ratio is just 0.10 days. Over the past seven days, the company moved, with its shift of 36.36%. Looking further, the stock has dropped -27.07% over the past 90 days while it lost -45.08% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Lehman & Derafelo Financial Resou… bought more SPCB shares, increasing its portfolio by 4.85% during the last quarter. This move now sees The Lehman & Derafelo Financial Resou… purchasing 9,000 shares in the last quarter, thus it now holds 194,670 shares of SPCB, with a total valuation of $107,069.

Similarly, Renaissance Technologies LLC increased its SuperCom Ltd. shares by 96.96% during the recently filed quarter. After buying 66,830 shares in the last quarter, the firm now controls 32,900 shares of SuperCom Ltd. which are valued at $36,757. Following these latest developments, around 16.80% of SuperCom Ltd. stocks are owned by institutional investors and hedge funds.