H.C. Wainwright analyst Scott Buck maintained a Buy rating on Sigma Labs (SGLB – Research Report) today and set a price target of $6.00. The company’s shares closed last Thursday at $2.03, close to its 52-week low of $1.57.
According to TipRanks.com, Buck is a 4-star analyst with an average return of 7.5% and a 38.4% success rate. Buck covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Intellicheck Mobilisia, and Super League Gaming.
Sigma Labs has an analyst consensus of Moderate Buy, with a price target consensus of $6.00.
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Based on Sigma Labs’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $700.2K and GAAP net loss of $2.49 million. In comparison, last year the company earned revenue of $248.5K and had a GAAP net loss of $1.22 million.
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Sigma Labs, Inc. is a software company, which engages in the development and commercialization of manufacturing and materials technologies. It operates under the PrintRite3D brand, a developer of software for commercial firms seeking productive solutions for advanced manufacturing. The company was founded by Mark J. Cola in 2005 and is headquartered in Santa Fe, NM.
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