On Monday, Rekor Systems Inc (NASDAQ: REKR) was -0.25% drop from the session before settling in for the closing price of $2.03. A 52-week range for REKR has been $0.78 – $3.25.
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Annual sales at Technology sector company grew by 60.41% over the past five years. When this article was written, the company’s average yearly earnings per share was at 24.31%. With a float of $86.67 million, this company’s outstanding shares have now reached $90.96 million.
Let’s look at the performance matrix of the company that is accounted for 351 employees. In terms of profitability, gross margin is 44.14%, operating margin of -68.37%, and the pretax margin is -119.47%.
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 7.62%, while institutional ownership is 53.93%. 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 24.31% 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 0.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.65, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.17 in one year’s time.
Technical Analysis of Rekor Systems Inc (REKR)
Rekor Systems Inc (NASDAQ: REKR) saw its 5-day average volume 7.09 million, a negative change from its year-to-date volume of 10.58 million. As of the previous 9 days, the stock’s Stochastic %D was 61.22%. Additionally, its Average True Range was 0.28.
During the past 100 days, Rekor Systems Inc’s (REKR) raw stochastic average was set at 68.94%, which indicates a significant decrease from 76.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 148.91% in the past 14 days, which was higher than the 140.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.31, while its 200-day Moving Average is $1.41. Nevertheless, the first resistance level for the watch stands at $2.20 in the near term. At $2.38, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.58. If the price goes on to break the first support level at $1.82, it is likely to go to the next support level at $1.62. The third support level lies at $1.44 if the price breaches the second support level.
Rekor Systems Inc (NASDAQ: REKR) Key Stats
There are 93,825K outstanding shares of the company, which has a market capitalization of 190.00 million. As of now, sales total 34,930 K while income totals -45,690 K. Its latest quarter income was 10,550 K while its last quarter net income were -12,650 K.
