Rekor Systems Inc [NASDAQ: REKR] stock went on an upward path that rose over 14.61% on Thursday, amounting to a one-week price increase of more than 19.83%.
Over the last 12 months, REKR stock dropped by -66.88%. The one-year Rekor Systems Inc stock forecast points to a potential upside of 77.33. The average equity rating for REKR stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $95.70 million, with 90.96 million shares outstanding and 86.63 million shares in the current float. Compared to the average trading volume of 995.40K shares, REKR stock reached a trading volume of 5927162 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Rekor Systems Inc [REKR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for REKR shares is $4.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on REKR stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
William Blair have made an estimate for Rekor Systems Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 04, 2024. While these analysts kept the previous recommendation, Northland Capital raised their target price to Outperform. The new note on the price target was released on February 11, 2021, representing the official price target for Rekor Systems Inc stock.
The Average True Range (ATR) for Rekor Systems Inc is set at 0.08, with the Price to Sales ratio for REKR stock in the period of the last 12 months amounting to 2.18. The Price to Book ratio for the last quarter was 2.30, with the Price to Cash per share for the same quarter was set at 0.12.
REKR Stock Performance Analysis:
Rekor Systems Inc [REKR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.83. With this latest performance, REKR shares gained by 6.82% in over the last four-week period, additionally sinking by -34.62% over the last 6 months – not to mention a drop of -66.88% 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 REKR stock in for the last two-week period is set at 60.86, with the RSI for the last a single of trading hit 70.85, and the three-weeks RSI is set at 55.12 for Rekor Systems Inc [REKR]. The present Moving Average for the last 50 days of trading for this stock 0.9890, while it was recorded at 0.8829 for the last single week of trading, and 1.4556 for the last 200 days.
Insight into Rekor Systems Inc Fundamentals:
Rekor Systems Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.63 and a Current Ratio set at 0.76.
Rekor Systems Inc [REKR] Institutonal Ownership Details
There are presently around $50.95%, or 54.29%% of REKR stock, in the hands of institutional investors. The top three institutional holders of REKR stocks are: ARCTIS GLOBAL LLC with ownership of 10.04 million shares, which is approximately 12.6165%. BLACKROCK INC., holding 4.36 million shares of the stock with an approximate value of $$6.76 million in REKR stocks shares; and BLACKROCK INC., currently with $$6.28 million in REKR stock with ownership which is approximately 5.0958%.
