A new trading day began on November 20, 2023, with Rekor Systems Inc (NASDAQ: REKR) stock priced at $2.72, up 6.59% from the previous day of trading. During the day, the shares moved up to $2.94 and dropped to $2.70 before settling in for the closing price of $2.73. REKR’s price has ranged from $0.56 to $4.15 over the past 52 weeks.
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Annual sales at Technology sector company grew by 16.83% over the past five years. Meanwhile, its annual earnings per share averaged 60.12%. With a float of $63.40 million, this company’s outstanding shares have now reached $69.15 million.
Let’s look at the performance matrix of the company that is accounted for 268 employees. In terms of profitability, gross margin is +13.09, operating margin of -255.77, and the pretax margin is -423.90.
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 Software – Infrastructure Industry. The insider ownership of Rekor Systems Inc is 8.32%, while institutional ownership is 50.84%. The most recent insider transaction that took place on Aug 25, was worth 34,455. In this transaction Chief Executive Officer of this company bought 10,000 shares at a rate of $3.45, taking the stock ownership to the 1,135,219 shares. Before that another transaction happened on Aug 18, when Company’s 10% Owner bought 100,000 for $3.11, making the entire transaction worth $310,800. This insider now owns 9,647,491 shares in total.
Rekor Systems Inc (REKR) Latest Financial update
In its latest quarterly report, released on 9/29/2023, the company reported earnings of -$0.16 per share, which was $0.1 lower 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 -418.95 while generating a return on equity of -110.96. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 60.12% 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 1.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.08.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.70, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach -0.30 in one year’s time.
Technical Analysis of Rekor Systems Inc (REKR)
Rekor Systems Inc (NASDAQ: REKR) saw its 5-day average volume 1.1 million, a positive change from its year-to-date volume of 0.67 million. As of the previous 9 days, the stock’s Stochastic %D was 39.56%. Additionally, its Average True Range was 0.22.
During the past 100 days, Rekor Systems Inc’s (REKR) raw stochastic average was set at 49.39%, which indicates a significant decrease from 73.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.96% in the past 14 days, which was lower than the 101.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.89, while its 200-day Moving Average is $2.20. Nevertheless, the first resistance level for the watch stands at $3.00 in the near term. At $3.09, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.24. If the price goes on to break the first support level at $2.76, it is likely to go to the next support level at $2.61. The third support level lies at $2.52 if the price breaches the second support level.
Rekor Systems Inc (NASDAQ: REKR) Key Stats
With a market capitalization of 201.23 million, the company has a total of 69,147K Shares Outstanding. Currently, annual sales are 19,920 K while annual income is -83,120 K. The company’s previous quarter sales were 8,560 K while its latest quarter income was -11,110 K.