On Tuesday, Rekor Systems Inc (NASDAQ: REKR) was 2.79% up from the session before settling in for the closing price of $1.79. A 52-week range for REKR has been $1.00 – $4.15.
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A company in the Technology sector has jumped its sales by 33.79% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 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 and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Rekor Systems Inc stocks. The insider ownership of Rekor Systems Inc is 6.03%, while institutional ownership is 45.53%. 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) Latest Financial update
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
You can see what Rekor Systems Inc (REKR) is doing with its current performance indicators. In the most recent 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 4.49.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.05 million. That was inferior than the volume of 1.18 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 12.48%. Additionally, its Average True Range was 0.15.
During the past 100 days, Rekor Systems Inc’s (REKR) raw stochastic average was set at 4.15%, which indicates a significant decrease from 10.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.55% in the past 14 days, which was lower than the 62.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.2001, while its 200-day Moving Average is $2.8256. However, in the short run, Rekor Systems Inc’s stock first resistance to watch stands at $1.9204. Second resistance stands at $2.0008. The third major resistance level sits at $2.0660. If the price goes on to break the first support level at $1.7748, it is likely to go to the next support level at $1.7096. The third support level lies at $1.6292 if the price breaches the second support level.
Rekor Systems Inc (NASDAQ: REKR) Key Stats
There are 85,325K outstanding shares of the company, which has a market capitalization of 156.99 million. As of now, sales total 34,930 K while income totals -45,690 K. Its latest quarter income was 11,070 K while its last quarter net income were -11,320 K.
