A new trading day began on Friday, with Rekor Systems Inc (NASDAQ: REKR) stock price down -9.00% from the previous day of trading, before settling in for the closing price of $2.11. REKR’s price has ranged from $0.78 to $2.71 over the past 52 weeks.
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Annual sales at Technology sector company grew by 60.41% over the past five years. Meanwhile, its annual earnings per share averaged 23.61%. With a float of $97.33 million, this company’s outstanding shares have now reached $105.40 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 Updates
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 7.62%, while institutional ownership is 47.17%. 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) Performance Highlights and Predictions
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
Here are Rekor Systems Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.62.
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)
Rekor Systems Inc (NASDAQ: REKR) saw its 5-day average volume 6.72 million, a negative change from its year-to-date volume of 9.89 million. As of the previous 9 days, the stock’s Stochastic %D was 26.99%. Additionally, its Average True Range was 0.28.
During the past 100 days, Rekor Systems Inc’s (REKR) raw stochastic average was set at 60.27%, which indicates a significant increase from 29.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 132.08% in the past 14 days, which was lower than the 145.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5399, while its 200-day Moving Average is $1.4300. Nevertheless, the first resistance level for the watch stands at $2.0567 in the near term. At $2.1933, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.2767. If the price goes on to break the first support level at $1.8367, it is likely to go to the next support level at $1.7533. Assuming the price breaks the second support level, the third support level stands at $1.6167.
Rekor Systems Inc (NASDAQ: REKR) Key Stats
With a market capitalization of 202.36 million, the company has a total of 93,825K Shares Outstanding. Currently, annual sales are 34,930 K while annual income is -45,690 K. The company’s previous quarter sales were 10,550 K while its latest quarter income was -12,650 K.
