On Thursday, Rekor Systems Inc (NASDAQ: REKR) was 9.80% up from the session before settling in for the closing price of $0.76. A 52-week range for REKR has been $0.62 – $2.67.
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A company in the Technology sector has jumped its sales by 54.68% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 69.01%. With a float of $105.28 million, this company’s outstanding shares have now reached $110.91 million.
In an organization with 323 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 44.22%, operating margin of -118.02%, and the pretax margin is -133.32%.
Rekor Systems Inc (REKR) Insider Updates
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 5.08%, while institutional ownership is 44.58%. 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
According to the Wall Street analysts, stocks earnings will be around 69.01% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 56.12% during the next five years compared to 3.66% growth over the previous five years of trading.
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 0.86. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.71, 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)
Let’s dig in a bit further. During the last 5-days, its volume was 2.16 million. That was inferior than the volume of 6.62 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 75.79%. Additionally, its Average True Range was 0.11.
During the past 100 days, Rekor Systems Inc’s (REKR) raw stochastic average was set at 10.46%, which indicates a significant decrease from 70.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 117.31% in the past 14 days, which was lower than the 156.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.2441, while its 200-day Moving Average is $1.3189. However, in the short run, Rekor Systems Inc’s stock first resistance to watch stands at $0.8719. Second resistance stands at $0.9092. The third major resistance level sits at $0.9724. If the price goes on to break the first support level at $0.7714, it is likely to go to the next support level at $0.7082. Assuming the price breaks the second support level, the third support level stands at $0.6709.
Rekor Systems Inc (NASDAQ: REKR) Key Stats
There are 110,912K outstanding shares of the company, which has a market capitalization of 92.56 million. As of now, sales total 46,030 K while income totals -61,410 K. Its latest quarter income was 13,280 K while its last quarter net income were -20,360 K.
