A new trading day began on June 21, 2022, with Rekor Systems Inc. (NASDAQ: REKR) stock priced at $2.21, up 9.52% from the previous day of trading. During the day, the shares moved up to $2.39 and dropped to $2.09 before settling in for the closing price of $2.10. REKR’s price has ranged from $1.92 to $14.31 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 3.30% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -3.50%. With a float of $33.80 million, this company’s outstanding shares have now reached $44.09 million.
In an organization with 249 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +31.52, operating margin of -218.38, and the pretax margin is -213.00.
Rekor Systems Inc. (REKR) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Security & Protection Services Industry. The insider ownership of Rekor Systems Inc. is 5.90%, while institutional ownership is 46.10%. The most recent insider transaction that took place on Jun 16, was worth 523,804. In this transaction 10% Owner of this company bought 243,902 shares at a rate of $2.15, taking the stock ownership to the 6,089,591 shares. Before that another transaction happened on Dec 13, when Company’s CFO bought 1,000 for $6.20, making the entire transaction worth $6,200. This insider now owns 59,034 shares in total.
Rekor Systems Inc. (REKR) Latest Financial update
In its latest quarterly report, released on 12/30/2021, the company reported earnings of -$0.13 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -187.33 while generating a return on equity of -40.28. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.50% per share during the next fiscal year.
Rekor Systems Inc. (NASDAQ: REKR) Trading Performance Indicators
Here are Rekor Systems Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.77, a number that is poised to hit -0.27 in the next quarter and is forecasted to reach -0.83 in one year’s time.
Technical Analysis of Rekor Systems Inc. (REKR)
Let’s dig in a bit further. During the last 5-days, its volume was 1.43 million. That was better than the volume of 0.85 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 23.13%. Additionally, its Average True Range was 0.30.
During the past 100 days, Rekor Systems Inc.’s (REKR) raw stochastic average was set at 11.49%, which indicates a significant decrease from 35.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 134.58% in the past 14 days, which was higher than the 105.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.78, while its 200-day Moving Average is $6.31. However, in the short run, Rekor Systems Inc.’s stock first resistance to watch stands at $2.43. Second resistance stands at $2.56. The third major resistance level sits at $2.73. If the price goes on to break the first support level at $2.13, it is likely to go to the next support level at $1.96. The third support level lies at $1.83 if the price breaches the second support level.
Rekor Systems Inc. (NASDAQ: REKR) Key Stats
With a market capitalization of 108.97 million, the company has a total of 43,977K Shares Outstanding. Currently, annual sales are 14,290 K while annual income is -26,780 K. The company’s previous quarter sales were 3,610 K while its latest quarter income was -12,600 K.