Rekor Systems Inc (NASDAQ: REKR) is 29.81% higher on its value in year-to-date trading and has touched a low of $0.78 and a high of $3.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The REKR stock was last observed hovering at around $2.03 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $2.03, the stock is 12.28% and 54.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.48 million and changing -0.25% at the moment leaves the stock 43.42% off its SMA200. REKR registered -35.71% loss for a year compared to 6-month loss of 21.26%. The firm has a 50-day simple moving average (SMA 50) of $1.2892 and a 200-day simple moving average (SMA200) of $1.411175.
The stock witnessed a 29.81% gain in the last 1 month and extending the period to 3 months gives it a 91.04%, and is 17.73% 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 11.94% over the week and 17.91% over the month.
Rekor Systems Inc (REKR) has around 351 employees, a market worth around $190.00M and $43.82M in sales. Profit margin for the company is -119.54%. Distance from 52-week low is 158.85% and -37.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-76.20%).
with sales reaching $12.91M over the same period.The EPS is expected to grow by 24.31% this year, but quarterly earnings will post 30.79% year-over-year. Quarterly sales are estimated to grow 16.69% in year-over-year returns.
Rekor Systems Inc (REKR) Top Institutional Holders
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 86.67M with Short Float at 20.05%. 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.
