Rekor Systems Inc (NASDAQ: REKR) on Monday, plunged -7.89% from the previous trading day, before settling in for the closing price of $2.28. Within the past 52 weeks, REKR’s price has moved between $0.78 and $2.80.
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During the last 5-year period, the sales growth of Technology Sector giant was 60.41%. The company achieved an average annual earnings per share of 23.61%. With a float of $86.67 million, this company’s outstanding shares have now reached $90.96 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Rekor Systems Inc is 7.62%, while institutional ownership is 54.27%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 23.61% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 40.07% during the next five years compared to -10.32% drop over the previous five years of trading.
Rekor Systems Inc (NASDAQ: REKR) Trading Performance Indicators
Rekor Systems Inc (REKR) is currently performing well based on its current performance indicators. A quick ratio of 0.63 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.65, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.20 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 10.02 million, which is a drop from its year-to-date volume of 10.48 million. As of the previous 9 days, the stock’s Stochastic %D was 64.49%. Additionally, its Average True Range was 0.29.
During the past 100 days, Rekor Systems Inc’s (REKR) raw stochastic average was set at 69.80%, which indicates a significant increase from 46.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 175.51% in the past 14 days, which was higher than the 144.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.45, while its 200-day Moving Average is $1.42. However, in the short run, Rekor Systems Inc’s stock first resistance to watch stands at $2.24. Second resistance stands at $2.37. The third major resistance level sits at $2.47. If the price goes on to break the first support level at $2.01, it is likely to go to the next support level at $1.91. Should the price break the second support level, the third support level stands at $1.78.
Rekor Systems Inc (NASDAQ: REKR) Key Stats
Market capitalization of the company is 197.03 million based on 93,825K outstanding shares. Right now, sales total 34,930 K and income totals -45,690 K. The company made 10,550 K in profit during its latest quarter, and -12,650 K in sales during its previous quarter.
