Shares of ParkerVision, Inc. (NASDAQ:PRKR) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus price objective of $12.00 for the company, according to Zacks. Zacks has also assigned ParkerVision an industry rank of 238 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised ParkerVision from a “sell” rating to a “hold” rating in a report on Thursday, January 4th.
Shares of PRKR remained flat at $$0.78 during trading hours on Friday. The stock had a trading volume of 10,250 shares, compared to its average volume of 238,306. The firm has a market capitalization of $17.38, a price-to-earnings ratio of -0.74 and a beta of 1.90. The company has a debt-to-equity ratio of -1.46, a current ratio of 0.94 and a quick ratio of 0.66. ParkerVision has a 52 week low of $0.70 and a 52 week high of $2.72.
ParkerVision (NASDAQ:PRKR) last issued its quarterly earnings results on Thursday, March 29th. The semiconductor company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.03). The firm had revenue of $0.10 million during the quarter. During the same quarter last year, the business earned ($0.43) EPS. research analysts expect that ParkerVision will post 0.8 earnings per share for the current fiscal year.
An institutional investor recently raised its position in ParkerVision stock. Vanguard Group Inc. increased its position in shares of ParkerVision, Inc. (NASDAQ:PRKR) by 23.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 574,253 shares of the semiconductor company’s stock after acquiring an additional 107,500 shares during the period. Vanguard Group Inc. owned approximately 3.24% of ParkerVision worth $1,028,000 at the end of the most recent quarter. 9.99% of the stock is owned by institutional investors.
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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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