Rekor Systems Inc (NASDAQ: REKR) is -32.43% lower on its value in year-to-date trading and has touched a low of $1.00 and a high of $4.15 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 REKR stock was last observed hovering at around $2.34 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $2.25, the stock is -15.93% and -26.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -3.85% at the moment leaves the stock -17.62% off its SMA200. REKR registered 51.01% gain for a year compared to 6-month loss of -37.33%. The firm has a 50-day simple moving average (SMA 50) of $6.90 and a 200-day simple moving average (SMA200) of -$6.79.
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The stock witnessed a -33.82% gain in the last 1 month and extending the period to 3 months gives it a -20.77%, and is -1.75% 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 6.21% over the week and 6.53% over the month.
Rekor Systems Inc (REKR) has around 268 employees, a market worth around $186.53M and $28.42M in sales. Profit margin for the company is -144.95%. Distance from 52-week low is 125.45% and -45.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-60.42%).
Rekor Systems Inc quarterly earnings per share for the current quarter are estimated at -$0.12 with sales reaching $11.16M over the same period.The EPS is expected to grow by 59.52% this year, but quarterly earnings will post 75.90% year-over-year. Quarterly sales are estimated to grow 145.30% in year-over-year returns.
106 institutions hold shares in Rekor Systems Inc (REKR), with institutional investors hold 50.31% of the company’s shares. The shares outstanding are 82.90M, and float is at 75.69M with Short Float at 12.86%. Institutions hold 46.73% of the Float.
The top institutional shareholder in the company is Arctis Global LLC with over 8.01 million shares valued at $14.25 million. The investor’s holdings represent 11.58% of the REKR Shares outstanding. As of Jun 29, 2023, the second largest holder is Cantor Fitzgerald, L. P. with 3.16 million shares valued at $5.63 million to account for 4.57% of the shares outstanding. The other top investors are Goldman Sachs Group Inc which holds 2.26 million shares representing 3.27% and valued at over $4.03 million, while Shay Capital LLC holds 3.11% of the shares totaling 2.15 million with a market value of $3.83 million.
Rekor Systems Inc (REKR) Insider Activity
A total of 2 insider transactions have happened at Rekor Systems Inc (REKR) in the last six months, with sales accounting for 0 and purchases happening 2 times. The most recent transaction is an insider purchase by BERMAN ROBERT ALAN, the company’s Chief Executive Officer. SEC filings show that BERMAN ROBERT ALAN bought 10,000 shares of the company’s common stock on Aug 25 at a price of $3.45 per share for a total of $34455.0. Following the purchase, the insider now owns 1.14 million shares.
Rekor Systems Inc disclosed in a document filed with the SEC on Aug 18 that Arctis Global LLC (10% Owner) bought a total of 100,000 shares of the company’s common stock. The trade occurred on Aug 18 and was made at $3.11 per share for $0.31 million. Following the transaction, the insider now directly holds 9.65 million shares of the REKR stock.
Still, SEC filings show that on Aug 18, BERMAN ROBERT ALAN (Chief Executive Officer) acquired 25,000 shares at an average price of $3.14 for $78425.0. The insider now directly holds 1,025,219 shares of Rekor Systems Inc (REKR).
