Rekor Systems Inc (NASDAQ: REKR) is -32.69% 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 $1.08 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $1.05, the stock is 6.52% and 11.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.8 million and changing -2.78% at the moment leaves the stock -14.71% off its SMA200. REKR registered -42.31% loss for a year compared to 6-month loss of -7.89%.
The stock witnessed a 25.82% gain in the last 1 month and extending the period to 3 months gives it a -51.83%, and is -1.87% 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 10.33% over the week and 8.53% over the month.
Rekor Systems Inc (REKR) has around 323 employees, a market worth around $123.98M and $45.45M in sales. Profit margin for the company is -118.09%. Distance from 52-week low is 69.08% and -60.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-87.91%).
with sales reaching $12.36M over the same period.The EPS is expected to grow by 66.67% this year, but quarterly earnings will post 6.55% year-over-year. Quarterly sales are estimated to shrink -0.55% in year-over-year returns.
Rekor Systems Inc (REKR) Top Institutional Holders
The shares outstanding are 118.08M, and float is at 112.08M with Short Float at 18.75%.
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.
