Rekor Systems Inc (NASDAQ:REKR) price on current trading day, fall -1.74% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.13.
A look at the stock’s price movement, the close in the last trading session was $1.15, moving within a range at $1.01 and $1.16. The beta value (5-Year monthly) was 1.964. Turning to its 52-week performance, $3.92 and $1.10 were the 52-week high and 52-week low respectively. Overall, REKR moved -4.24% over the past month.
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Rekor Systems Inc’s market cap currently stands at around $100.00 million, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 14.38M for the company’s revenue for the quarter, with a low and high estimate of 12.46M and 16.3M respectively. The average forecast suggests up to a 54.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 54.38M, representing a 55.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that REKR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend REKR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
REKR’s current price about -4.72% and -17.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.82, while 7-day volatility ratio is 6.56% and 5.67% in the 30-day chart. Further, Rekor Systems Inc (REKR) has a beta value of 1.96, and an average true range (ATR) of 0.08. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $3 and high of $3. Looking at the price targets, the low is -165.49% off current price level while to achieve the yearly target high, price needs to move -165.49%. Nonetheless, investors will most likely welcome a -165.49% jump to $3 which is the analysts’ median price.
If we refocus on Rekor Systems Inc (NASDAQ:REKR), historical trading data shows that trading volumes averaged 0.86 over the past 10 days and 965.09K over the past 3 months. The company’s latest data on shares outstanding shows there are 88.50 million shares.
The 7.45% of Rekor Systems Inc’s shares are in the hands of company insiders while institutional holders own 58.64% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 16.81 million on 2024-09-13, giving us a short ratio of 15.9. The data shows that as of 2024-09-13 short interest in Rekor Systems Inc (REKR) stood at 2210.0 of shares outstanding, with shares short rising to 16.79 million registered in 2024-08-15. Current price change has pushed the stock -66.07% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the REKR stock continues to rise going into the next quarter.
