Recon Technology Ltd. [NASDAQ: RCON] stock went on an upward path that rose over 14.52% on Tuesday, amounting to a one-week price decrease of less than -34.81%. The company report on April 5, 2021 that Recon Technology, Ltd Reports Financial Results for the First Six Months of Fiscal Year 2021.
Recon Technology, Ltd (Nasdaq: RCON) (“Recon” or the “Company”), announced its financial results for the first six months of Fiscal Year 2021.
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First Six Months of Fiscal 2021 Financial:.
Over the last 12 months, RCON stock rose by 210.56%. The average equity rating for RCON stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $126.00 million, with 4.80 million shares outstanding and 4.76 million shares in the current float. Compared to the average trading volume of 2.12M shares, RCON stock reached a trading volume of 1965678 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Recon Technology Ltd. [RCON]:
Maxim Group have made an estimate for Recon Technology Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 12, 2018.
The Average True Range (ATR) for Recon Technology Ltd. is set at 1.06, with the Price to Sales ratio for RCON stock in the period of the last 12 months amounting to 12.60. The Price to Book ratio for the last quarter was 1.60, with the Price to Cash per share for the same quarter was set at 0.20.
RCON Stock Performance Analysis:
Recon Technology Ltd. [RCON] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -34.81. With this latest performance, RCON shares gained by 137.29% in over the last four-week period, additionally plugging by 539.96% over the last 6 months – not to mention a rise of 210.56% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RCON stock in for the last two-week period is set at 56.63, with the RSI for the last a single of trading hit 53.83, and the three-weeks RSI is set at 58.14 for Recon Technology Ltd. [RCON]. The present Moving Average for the last 50 days of trading for this stock 3.39, while it was recorded at 5.64 for the last single week of trading, and 1.74 for the last 200 days.
Insight into Recon Technology Ltd. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Recon Technology Ltd. [RCON] shares currently have an operating margin of -30.68 and a Gross Margin at +29.81. Recon Technology Ltd.’s Net Margin is presently recorded at -29.27.
Return on Total Capital for RCON is now -14.32, given the latest momentum, and Return on Invested Capital for the company is -17.17. Return on Equity for this stock declined to -18.57, with Return on Assets sitting at -10.87. When it comes to the capital structure of this company, Recon Technology Ltd. [RCON] has a Total Debt to Total Equity ratio set at 27.92. Additionally, RCON Total Debt to Total Capital is recorded at 21.82, with Total Debt to Total Assets ending up at 15.80. Long-Term Debt to Equity for the company is recorded at 7.81, with the Long-Term Debt to Total Capital now at 6.10.
Reflecting on the efficiency of the workforce at the company, Recon Technology Ltd. [RCON] managed to generate an average of -$20,425 per employee. Receivables Turnover for the company is 0.70 with a Total Asset Turnover recorded at a value of 0.37.Recon Technology Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.
Recon Technology Ltd. [RCON] Insider Position Details
There are presently around $0 million, or 2.60% of RCON stock, in the hands of institutional investors. The top three institutional holders of RCON stocks are: VIRTU FINANCIAL LLC with ownership of 61,955, which is approximately 74.792% of the company’s market cap and around 53.60% of the total institutional ownership; GEODE CAPITAL MANAGEMENT, LLC, holding 16,084 shares of the stock with an approximate value of $90000.0 in RCON stocks shares; and TOWER RESEARCH CAPITAL LLC (TRC), currently with $1000.0 in RCON stock with ownership of nearly New of the company’s market capitalization.
Positions in Recon Technology Ltd. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 3 institutional holders increased their position in Recon Technology Ltd. [NASDAQ:RCON] by around 42,847 shares. Additionally, 2 investors decreased positions by around 70,228 shares, while 0 investors held positions by with 34,783 shares. The mentioned changes placed institutional holdings at 78,292 shares, according to the latest SEC report filing. RCON stock had 2 new institutional investments in for a total of 16,337 shares, while 2 institutional investors sold positions of 70,228 shares during the same period.