Rekor Systems Inc (NASDAQ: REKR) kicked off on Monday, down -5.88% from the previous trading day, before settling in for the closing price of $1.70. Over the past 52 weeks, REKR has traded in a range of $0.78-$2.71.
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A company in the Technology sector has jumped its sales by 60.41% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 23.61%. With a float of $97.36 million, this company’s outstanding shares have now reached $105.40 million.
In an organization with 351 employees, it is important to assess its efficiency. 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
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 7.62%, while institutional ownership is 47.19%. 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
Take a look at Rekor Systems Inc’s (REKR) current performance indicators. Last quarter, 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 3.85.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 6.58 million. That was inferior than the volume of 9.42 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 20.79%. Additionally, its Average True Range was 0.25.
During the past 100 days, Rekor Systems Inc’s (REKR) raw stochastic average was set at 43.32%, which indicates a significant increase from 1.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 137.29% in the past 14 days, which was lower than the 149.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.6410, while its 200-day Moving Average is $1.4301. However, in the short run, Rekor Systems Inc’s stock first resistance to watch stands at $1.6800. Second resistance stands at $1.7600. The third major resistance level sits at $1.8100. If the price goes on to break the first support level at $1.5500, it is likely to go to the next support level at $1.5000. Assuming the price breaks the second support level, the third support level stands at $1.4200.
Rekor Systems Inc (NASDAQ: REKR) Key Stats
The company with the Market Capitalisation of 168.64 million has total of 93,825K 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 10,550 K and last quarter income was -12,650 K.
