Rekor Systems Inc (NASDAQ: REKR) kicked off on Tuesday, up 1.85% from the previous trading day, before settling in for the closing price of $1.08. Over the past 52 weeks, REKR has traded in a range of $1.01-$3.92.
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Annual sales at Technology sector company grew by 33.79% over the past five years. While this was happening, its average annual earnings per share was recorded 36.81%. With a float of $81.95 million, this company’s outstanding shares have now reached $88.50 million.
Let’s look at the performance matrix of the company that is accounted for 351 employees. 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
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Rekor Systems Inc is 7.40%, while institutional ownership is 58.71%. 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
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
Take a look at Rekor Systems Inc’s (REKR) current performance indicators. Last quarter, 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 2.30.
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)
Rekor Systems Inc (NASDAQ: REKR) saw its 5-day average volume 1.24 million, a positive change from its year-to-date volume of 1.16 million. As of the previous 9 days, the stock’s Stochastic %D was 28.61%. 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 33.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.32% in the past 14 days, which was lower than the 64.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1510, while its 200-day Moving Average is $1.7610. Nevertheless, the first resistance level for the watch stands at $1.1600 in the near term. At $1.2200, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.2700. If the price goes on to break the first support level at $1.0500, it is likely to go to the next support level at $1.0000. The third support level lies at $0.9400 if the price breaches the second support level.
Rekor Systems Inc (NASDAQ: REKR) Key Stats
The company with the Market Capitalisation of 97.35 million has total of 88,504K Shares Outstanding. Its annual sales at the moment are 34,930 K in contrast with the sum of -45,690 K annual income. Company’s last quarter sales were recorded 12,430 K and last quarter income was -9,790 K.
