Parkervision Inc. (PRKR) saw a big move last session, as the company’s shares fell over 63% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for PRKR, as the stock is down over 60% in the past one-month time frame.
This Semiconductor company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
PRKR currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Semiconductor industry include Skyworks Solutions Inc. (SWKS), which holds a Zacks Rank #1 (Strong Buy).
Investors interested in the Computer and Technology sector may consider better-ranked stocks like Alliance Fiber Optic Products Inc. (AFOP) and Applied Micro Circuits Corporation (AMCC). Both the stocks carry a Zacks Rank #1 (Strong Buy).
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PARKERVISION INC (PRKR): Free Stock Analysis Report
ALLIANCE FIBER OPTIC PRODUCTS IN (AFOP): Free Stock Analysis Report
APPLIED MICRO CIRCUITS CORP (AMCC): Free Stock Analysis Report
SKYWORKS SOLUTIONS INC (SWKS): Free Stock Analysis Report
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