Rekor Systems Inc (NASDAQ: REKR) is -44.67% lower on its value in year-to-date trading and has touched a low of $0.62 and a high of $2.67 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 $0.82 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $0.86, the stock is 5.33% and -25.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.55 million and changing 4.90% at the moment leaves the stock -33.92% off its SMA200. REKR registered -51.78% loss for a year compared to 6-month loss of -26.86%. The firm has a 50-day simple moving average (SMA 50) of $1.18082 and a 200-day simple moving average (SMA200) of $1.31058.
The stock witnessed a -24.95% gain in the last 1 month and extending the period to 3 months gives it a -58.50%, and is 13.93% 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 8.33% over the week and 11.86% over the month.
Rekor Systems Inc (REKR) has around 323 employees, a market worth around $91.26M and $46.03M in sales. Profit margin for the company is -133.42%. Distance from 52-week low is 38.99% and -67.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-98.59%).
with sales reaching $10.92M over the same period.The EPS is expected to grow by 69.01% this year, but quarterly earnings will post 12.25% year-over-year. Quarterly sales are estimated to grow 11.68% in year-over-year returns.
125.0 institutions hold shares in Rekor Systems Inc (REKR), with institutional investors hold 45.17% of the company’s shares. The shares outstanding are 110.91M, and float is at 105.28M with Short Float at 23.46%. Institutions hold 42.72% 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 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 5.1383 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.05 million shares representing 4.7734 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
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.
