A new trading day began on Friday, with Rekor Systems Inc (NASDAQ: REKR) stock price down -3.79% from the previous day of trading, before settling in for the closing price of $2.11. REKR’s price has 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%. Meanwhile, its annual earnings per share averaged 66.67%. With a float of $80.18 million, this company’s outstanding shares have now reached $85.32 million.
Rekor Systems Inc (REKR) Insider Activity
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 6.03%, while institutional ownership is 45.48%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 46.68 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
Here are Rekor Systems Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.96.
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 0.94 million, which is a drop from its year-to-date volume of 1.19 million. As of the previous 9 days, the stock’s Stochastic %D was 12.63%. Additionally, its Average True Range was 0.18.
During the past 100 days, Rekor Systems Inc’s (REKR) raw stochastic average was set at 12.09%, which indicates a significant decrease from 32.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.73% in the past 14 days, which was higher than the 65.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.35, while its 200-day Moving Average is $2.84. However, in the short run, Rekor Systems Inc’s stock first resistance to watch stands at $2.10. Second resistance stands at $2.17. The third major resistance level sits at $2.24. If the price goes on to break the first support level at $1.96, it is likely to go to the next support level at $1.89. Should the price break the second support level, the third support level stands at $1.82.
Rekor Systems Inc (NASDAQ: REKR) Key Stats
With a market capitalization of 173.20 million, the company has a total of 85,325K Shares Outstanding. Currently, annual sales are 34,930 K while annual income is -45,690 K. The company’s previous quarter sales were 11,070 K while its latest quarter income was -11,320 K.
