On Tuesday, Rekor Systems Inc (NASDAQ: REKR) opened lower -1.29% from the last session ,before settling in for the closing price of $2.33. Price fluctuations for REKR have ranged from $1.00 to $4.15 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 33.79%. Company’s average yearly earnings per share was noted 66.67% at the time writing. With a float of $80.03 million, this company’s outstanding shares have now reached $85.32 million.
Rekor Systems Inc (REKR) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Rekor Systems Inc is 6.21%, while institutional ownership is 45.72%. The most recent insider transaction that took place on Aug 25 ’23, 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 ’23, 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) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted -$0.16 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.1) by -$0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 66.67% per share during the next fiscal year.
Rekor Systems Inc (NASDAQ: REKR) Trading Performance Indicators
Check out the current performance indicators for Rekor Systems Inc (REKR). In the past quarter, the stock posted a quick ratio of 1.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.71, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach -0.12 in one year’s time.
Technical Analysis of Rekor Systems Inc (REKR)
Looking closely at Rekor Systems Inc (NASDAQ: REKR), its last 5-days average volume was 1.13 million, which is a drop from its year-to-date volume of 1.2 million. As of the previous 9 days, the stock’s Stochastic %D was 68.58%. Additionally, its Average True Range was 0.18.
During the past 100 days, Rekor Systems Inc’s (REKR) raw stochastic average was set at 24.65%, which indicates a significant decrease from 66.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.10% in the past 14 days, which was higher than the 66.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.42, while its 200-day Moving Average is $2.83. However, in the short run, Rekor Systems Inc’s stock first resistance to watch stands at $2.38. Second resistance stands at $2.46. The third major resistance level sits at $2.54. If the price goes on to break the first support level at $2.22, it is likely to go to the next support level at $2.14. Now, if the price goes above the second support level, the third support stands at $2.06.
Rekor Systems Inc (NASDAQ: REKR) Key Stats
There are currently 85,325K shares outstanding in the company with a market cap of 196.24 million. Presently, the company’s annual sales total 34,930 K according to its annual income of -45,690 K. Last quarter, the company’s sales amounted to 11,070 K and its income totaled -11,320 K.
