A new trading day began on Tuesday, with Rekor Systems Inc (NASDAQ: REKR) stock price down -2.54% from the previous day of trading, before settling in for the closing price of $1.18. REKR’s price has ranged from $1.10 to $3.92 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 37.50%. With a float of $81.91 million, this company’s outstanding shares have now reached $88.50 million.
Let’s determine the extent of company efficiency that accounts for 351 employees.
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 7.45%, while institutional ownership is 58.64%. The most recent insider transaction that took place on Jul 05 ’24, was worth 3,185,000. In this transaction 10% Owner of this company bought 2,275,000 shares at a rate of $1.40, taking the stock ownership to the 12,312,491 shares.
Rekor Systems Inc (REKR) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 37.50% 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 0.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.40.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.67, a number that is poised to hit -0.07 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 0.68 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 24.14%. Additionally, its Average True Range was 0.07.
During the past 100 days, Rekor Systems Inc’s (REKR) raw stochastic average was set at 5.15%, which indicates a significant decrease from 13.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.48% in the past 14 days, which was lower than the 79.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3651, while its 200-day Moving Average is $2.0354. However, in the short run, Rekor Systems Inc’s stock first resistance to watch stands at $1.1833. Second resistance stands at $1.2167. The third major resistance level sits at $1.2433. If the price goes on to break the first support level at $1.1233, it is likely to go to the next support level at $1.0967. Should the price break the second support level, the third support level stands at $1.0633.
Rekor Systems Inc (NASDAQ: REKR) Key Stats
With a market capitalization of 101.77 million, the company has a total of 85,358K Shares Outstanding. Currently, annual sales are 34,930 K while annual income is -45,690 K. The company’s previous quarter sales were 12,430 K while its latest quarter income was -9,790 K.
