Rekor Systems Inc (NASDAQ: REKR) is -73.70% lower on its value in year-to-date trading and has touched a low of $0.78 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 $0.88 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.89, the stock is 2.44% and -10.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 1.68% at the moment leaves the stock -39.09% off its SMA200. REKR registered -71.09% loss for a year compared to 6-month loss of -41.21%. The firm has a 50-day simple moving average (SMA 50) of $0.996 and a 200-day simple moving average (SMA200) of $1.4675.
The stock witnessed a -9.16% gain in the last 1 month and extending the period to 3 months gives it a -26.39%, and is 5.54% up 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 10.17% over the week and 8.67% over the month.
Rekor Systems Inc (REKR) has around 351 employees, a market worth around $84.90M and $43.82M in sales. Profit margin for the company is -119.54%. Distance from 52-week low is 13.77% and -77.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-76.20%).
The EPS is expected to grow by 24.31% this year
121.0 institutions hold shares in Rekor Systems Inc (REKR), with institutional investors hold 54.29% of the company’s shares. The shares outstanding are 90.96M, and float is at 85.77M with Short Float at 17.04%. Institutions hold 50.95% 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.
