Shares of ParkerVision Inc. (NASDAQ:PRKR) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price objective of $18.50 for the company, according to Zacks. Zacks has also assigned ParkerVision an industry rank of 205 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of ParkerVision from a “sell” rating to a “hold” rating in a report on Wednesday, September 7th.
Shares of ParkerVision (NASDAQ:PRKR) opened at 4.17 on Tuesday. The stock has a 50 day moving average price of $4.44 and a 200 day moving average price of $4.03. The stock’s market capitalization is $53.43 million. ParkerVision has a 1-year low of $1.46 and a 1-year high of $8.18.
ParkerVision (NASDAQ:PRKR) last issued its quarterly earnings data on Monday, August 15th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.27. ParkerVision had a negative net margin of 26,974.32% and a negative return on equity of 763.33%. During the same quarter in the previous year, the business earned ($0.50) EPS. Equities research analysts anticipate that ParkerVision will post ($1.55) EPS for the current year.
An institutional investor recently raised its position in ParkerVision stock. Vanguard Group Inc. increased its position in ParkerVision Inc. (NASDAQ:PRKR) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 260,560 shares of the company’s stock after buying an additional 3,900 shares during the period. Vanguard Group Inc. owned about 2.23% of ParkerVision worth $818,000 at the end of the most recent reporting period. Institutional investors own 20.93% of the company’s stock.
ParkerVision Company Profile
ParkerVision, Inc is engaged in the designing, developing and marketing of its radio frequency (RF) technologies and products. The Company’s business is focused on the development and marketing of its RF technologies for mobile and other wireless applications. Its products include a modulator/demodulator component that incorporates its technologies, as well as a small number of supporting components that are used in the assembly of wireless devices.
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