Rekor Systems Inc [NASDAQ: REKR] traded at a high on Tuesday, posting a 1.49 gain after which it closed the day’ session at $0.90.
The results of the trading session contributed to over 5006096 shares changing hands. Over the past one week, the price volatility of Rekor Systems Inc stands at 11.84% while the volatility over the past one month is 10.17%.
The market cap for REKR stock reached $94.85 million, with 105.40 million shares outstanding and 99.97 million shares in the current float. Compared to the average trading volume of 7.28M shares, REKR reached a trading volume of 5006096 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $3.50 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 0.13, with the Price to Sales ratio for REKR stock in the period of the last 12 months amounting to 2.16. The Price to Book ratio for the last quarter was 2.03, with the Price to Cash per share for the same quarter was set at 0.10.
How has REKR stock performed recently?
Rekor Systems Inc [REKR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.19. With this latest performance, REKR shares dropped by -22.42% in over the last four-week period, additionally sinking by -25.63% over the last 6 months – not to mention a drop of -60.70% 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 35.45, with the RSI for the last a single of trading hit 32.59, and the three-weeks RSI is set at 38.65 for Rekor Systems Inc [REKR]. The present Moving Average for the last 50 days of trading for this stock 1.5261, while it was recorded at 0.9413 for the last single week of trading, and 1.3610 for the last 200 days.
Rekor Systems Inc [REKR]: Deeper insight into the 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.
Earnings analysis for Rekor Systems Inc [REKR]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for REKR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Rekor Systems Inc go to 56.12%.
Insider trade positions for Rekor Systems Inc [REKR]
There are presently around $47.19%, or 49.83%% 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 11.8182%. 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%.
