Rekor Systems Inc (NASDAQ: REKR) is 2.56% higher 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 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 $1.44 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $1.60, the stock is 44.92% and 65.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.29 million and changing 11.11% at the moment leaves the stock 31.77% off its SMA200. REKR registered -11.60% loss for a year compared to 6-month loss of 64.68%. The firm has a 50-day simple moving average (SMA 50) of $0.96854 and a 200-day simple moving average (SMA200) of $1.21426.
The stock witnessed a 77.46% gain in the last 1 month and extending the period to 3 months gives it a 33.33%, and is 40.35% 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 14.21% over the week and 8.14% over the month.
Rekor Systems Inc (REKR) has around 323 employees, a market worth around $188.92M and $45.45M in sales. Profit margin for the company is -118.09%. Distance from 52-week low is 157.65% and -40.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-87.91%).
The EPS is expected to grow by 66.67% this year
137.0 institutions hold shares in Rekor Systems Inc (REKR), with institutional investors hold 43.34% of the company’s shares. The shares outstanding are 118.08M, and float is at 112.08M with Short Float at 18.57%. Institutions hold 41.13% 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.
