Rekor Systems Inc (NASDAQ: REKR) is -25.64% lower on its value in year-to-date trading and has touched a low of $0.78 and a high of $2.71 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 $1.23 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $1.16, the stock is -38.40% and -31.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.43 million and changing -5.69% at the moment leaves the stock -18.20% off its SMA200. REKR registered -48.44% loss for a year compared to 6-month gain of -5.69%.
The stock witnessed a -36.61% loss in the last 1 month and extending the period to 3 months gives it a 14.85%, and is -27.50% 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 15.37% over the week and 13.40% over the month.
Rekor Systems Inc (REKR) has around 351 employees, a market worth around $122.26M and $43.82M in sales. Profit margin for the company is -119.54%. Distance from 52-week low is 48.28% and -57.20% 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 23.61% 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
The shares outstanding are 105.40M, and float is at 97.36M with Short Float at 18.52%.
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 11.8182% 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 4.4125 of the shares totaling 3.75 million with a market value of $5.81 million.
Rekor Systems Inc (REKR) Insider Activity
A total of 0 insider transactions have happened at Rekor Systems Inc (REKR) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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.
