Recon Technology Ltd. (NASDAQ: RCON) is -70.58% lower on its value in year-to-date trading and has touched a low of $0.36 and a high of $2.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RCON stock was last observed hovering at around $0.37 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $10.00 for the next 12 months. It is also 96.3% off the consensus price target high of $10.00 offered by 1 analysts, but current levels are 96.3% higher than the price target low of $10.00 for the same period.
Currently trading at $0.37, the stock is -74.25% and -75.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.93 million and changing -0.51% at the moment leaves the stock -62.28% off its SMA200. RCON registered -60.14% loss for a year compared to 6-month gain of -39.39%.
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The stock witnessed a -77.12% loss in the last 1 month and extending the period to 3 months gives it a -64.70%, and is -62.18% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 56.46% over the week and 23.37% over the month.
Recon Technology Ltd. (RCON) has around 188 employees, a market worth around $13.81M and $12.00M in sales. Current P/E ratio is 0.87. Distance from 52-week low is 2.97% and -82.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.80%).
Recon Technology Ltd. (RCON) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Recon Technology Ltd. (RCON) is a “Hold”. 1 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Recon Technology Ltd. is expected to release its quarterly report on 05/31/2023.The EPS is expected to grow by 277.20% this year
Recon Technology Ltd. (RCON) Top Institutional Holders
The shares outstanding are 33.88M, and float is at 32.49M with Short Float at 3.35%.