Rekor Systems Inc (REKR) volume exceeds 5.55 million: A new investment opportunity for investors

Zack King

Rekor Systems Inc (NASDAQ: REKR) kicked off on Monday, up 9.70% from the previous trading day, before settling in for the closing price of $1.65. Over the past 52 weeks, REKR has traded in a range of $0.62-$2.67.

During the last 5-year period, the sales growth of Technology Sector giant was 3.66%. While this was happening, its average annual earnings per share was recorded 65.73%. With a float of $120.86 million, this company’s outstanding shares have now reached $122.24 million.

Rekor Systems Inc (REKR) Breakdown of a Key Holders of the stock

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 4.33%, while institutional ownership is 24.27%.

Rekor Systems Inc (REKR) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.15 earnings per share (EPS), lower than consensus estimate (set at -0.07) by -0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 65.73% 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

Take a look at Rekor Systems Inc’s (REKR) current performance indicators. Last quarter, stock had a quick ratio of 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.04.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.54, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.09 in one year’s time.

Technical Analysis of Rekor Systems Inc (REKR)

Looking closely at Rekor Systems Inc (NASDAQ: REKR), its last 5-days average volume was 4.01 million, which is a drop from its year-to-date volume of 4.86 million. As of the previous 9 days, the stock’s Stochastic %D was 43.01%.

During the past 100 days, Rekor Systems Inc’s (REKR) raw stochastic average was set at 84.68%, which indicates a significant increase from 71.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.1417 in the past 14 days, which was higher than the 0.0986 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.2972, while its 200-day Moving Average is $1.2913. However, in the short run, Rekor Systems Inc’s stock first resistance to watch stands at $1.8633. Second resistance stands at $1.9167. The third major resistance level sits at $2.0033. If the price goes on to break the first support level at $1.7233, it is likely to go to the next support level at $1.6367. Now, if the price goes above the second support level, the third support stands at $1.5833.

Rekor Systems Inc (NASDAQ: REKR) Key Stats

The company with the Market Capitalisation of 228.66 million has total of 126,334K Shares Outstanding. Its annual sales at the moment are 46,030 K in contrast with the sum of -61,410 K annual income. Company’s last quarter sales were recorded 12,360 K and last quarter income was -8,660 K.

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