On Friday, Rekor Systems Inc (NASDAQ: REKR) was unchanged from the session before settling in for the closing price of $1.16. 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 53.12% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 66.67%. With a float of $112.08 million, this company’s outstanding shares have now reached $118.08 million.
In an organization with 323 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 49.79%, operating margin of -113.42%, and the pretax margin is -117.99%.
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 30.06%. 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 -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 66.67% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 47.97% 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 0.93. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.58, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.11 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 4.64 million. That was inferior than the volume of 5.83 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 60.00%. Additionally, its Average True Range was 0.10.
During the past 100 days, Rekor Systems Inc’s (REKR) raw stochastic average was set at 26.34%, which indicates a significant decrease from 63.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 91.25% in the past 14 days, which was lower than the 139.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9488, while its 200-day Moving Average is $1.2139. However, in the short run, Rekor Systems Inc’s stock first resistance to watch stands at $1.2067. Second resistance stands at $1.2533. The third major resistance level sits at $1.3067. If the price goes on to break the first support level at $1.1067, it is likely to go to the next support level at $1.0533. Assuming the price breaks the second support level, the third support level stands at $1.0067.
Rekor Systems Inc (NASDAQ: REKR) Key Stats
There are 118,076K outstanding shares of the company, which has a market capitalization of 136.97 million. As of now, sales total 46,030 K while income totals -61,410 K. Its latest quarter income was 9,200 K while its last quarter net income were -10,870 K.
