On Monday, Rekor Systems Inc (NASDAQ: REKR) opened lower -6.78% from the last session, before settling in for the closing price of $1.18. Price fluctuations for REKR have ranged from $1.01 to $3.92 over the past 52 weeks.
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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. Company’s average yearly earnings per share was noted 36.81% at the time writing. With a float of $81.95 million, this company’s outstanding shares have now reached $88.50 million.
In an organization with 351 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 40.46%, operating margin of -63.48%, and the pretax margin is -118.58%.
Rekor Systems Inc (REKR) Insider and Institutional Ownership
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 7.40%, while institutional ownership is 58.70%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.16 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.14) by -0.02. 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 36.81% 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 0.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.30.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.54 million. That was inferior than the volume of 1.17 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 59.14%. Additionally, its Average True Range was 0.07.
During the past 100 days, Rekor Systems Inc’s (REKR) raw stochastic average was set at 8.49%, which indicates a significant decrease from 47.37% 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 63.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.2100, while its 200-day Moving Average is $1.8974. However, in the short run, Rekor Systems Inc’s stock first resistance to watch stands at $1.1500. Second resistance stands at $1.2000. The third major resistance level sits at $1.2250. If the price goes on to break the first support level at $1.0750, it is likely to go to the next support level at $1.0500. The third support level lies at $1.0000 if the price breaches the second support level.
Rekor Systems Inc (NASDAQ: REKR) Key Stats
There are currently 85,358K shares outstanding in the company with a market cap of 97.35 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 12,430 K and its income totaled -9,790 K.
