Rekor Systems Inc (NASDAQ: REKR) on Monday, soared 1.75% from the previous trading day, before settling in for the closing price of $1.14. Within the past 52 weeks, REKR’s price has moved between $0.62 and $2.67.
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Technology Sector giant saw their annual sales surged by 3.66% over the last five years. The company achieved an average annual earnings per share of 66.67%. With a float of $112.08 million, this company’s outstanding shares have now reached $118.08 million.
The firm has a total of 323 workers. Let’s measure their productivity. 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 Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. 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) Earnings and Forecasts
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
Rekor Systems Inc (REKR) is currently performing well based on its current performance indicators. A quick ratio of 0.93 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 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)
Analysing the last 5-days average volume posted by the [Rekor Systems Inc, REKR], we can find that recorded value of 5.34 million was lower than the volume posted last year of 5.99 million. As of the previous 9 days, the stock’s Stochastic %D was 40.94%.
During the past 100 days, Rekor Systems Inc’s (REKR) raw stochastic average was set at 26.34%, which indicates a significant increase from 19.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 79.95% in the past 14 days, which was lower than the 114.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1168, while its 200-day Moving Average is $1.2152. Now, the first resistance to watch is $1.2000. This is followed by the second major resistance level at $1.2400. The third major resistance level sits at $1.2700. If the price goes on to break the first support level at $1.1300, it is likely to go to the next support level at $1.1000. Should the price break the second support level, the third support level stands at $1.0600.
Rekor Systems Inc (NASDAQ: REKR) Key Stats
Market capitalization of the company is 136.97 million based on 118,076K outstanding shares. Right now, sales total 46,030 K and income totals -61,410 K. The company made 9,200 K in profit during its latest quarter, and -10,870 K in sales during its previous quarter.
