Rekor Systems Inc (NASDAQ: REKR) is -68.47% lower on its value in year-to-date trading and has touched a low of $1.01 and a high of $3.92 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 $1.11 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $1.05, the stock is -11.13% and -21.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing -5.41% at the moment leaves the stock -47.96% off its SMA200. REKR registered -61.82% loss for a year compared to 6-month loss of -56.43%. The firm has a 50-day simple moving average (SMA 50) of $1.3235 and a 200-day simple moving average (SMA200) of $2.008375.
The stock witnessed a -9.48% gain in the last 1 month and extending the period to 3 months gives it a -42.31%, and is -13.22% 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 8.43% over the week and 6.01% over the month.
Rekor Systems Inc (REKR) has around 351 employees, a market worth around $92.92M and $42.39M in sales. Profit margin for the company is -118.66%. Distance from 52-week low is 3.96% and -73.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-67.29%).
with sales reaching $14.38M over the same period.The EPS is expected to grow by 37.50% this year, but quarterly earnings will post 55.70% year-over-year. Quarterly sales are estimated to grow 54.50% in year-over-year returns.
Rekor Systems Inc (REKR) Top Institutional Holders
117.0 institutions hold shares in Rekor Systems Inc (REKR), with institutional investors hold 63.00% of the company’s shares. The shares outstanding are 88.50M, and float is at 81.91M with Short Float at 20.52%. Institutions hold 58.89% of the Float.
The top institutional shareholder in the company is ARCTIS GLOBAL LLC with over 10.04 million shares valued at $15.56 million. The investor’s holdings represent 12.6165% of the REKR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.36 million shares valued at $6.76 million to account for 5.4854 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.05 million shares representing 5.0958% and valued at over $6.28 million, while TEJARA CAPITAL LTD holds 4.7105 of the shares totaling 3.75 million with a market value of $5.81 million.
Rekor Systems Inc (REKR) Insider Activity
The most recent transaction is an insider purchase by Arctis Global LLC, the company’s 10% Owner. SEC filings show that Arctis Global LLC bought 2,275,000 shares of the company’s common stock on Jul 05 ’24 at a price of $1.40 per share for a total of $3.19 million. Following the purchase, the insider now owns 12.31 million shares.
