Rekor Systems Inc (NASDAQ:REKR) price on Tuesday, December 24, rose 1.68% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.89.
A look at the stock’s price movement, the close in the last trading session was $0.88, moving within a range at $0.84 and $0.896. The beta value (5-Year monthly) was 1.977. Turning to its 52-week performance, $3.92 and $0.78 were the 52-week high and 52-week low respectively. Overall, REKR moved -9.16% over the past month.
Rekor Systems Inc’s market cap currently stands at around $84.90 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 12.91M for the company’s revenue for the quarter, with a low and high estimate of 12.32M and 13.5M respectively. The average forecast suggests up to a 16.69% 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 45.69M, representing a 30.79% 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 50% 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 2.44% and -10.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.93, while 7-day volatility ratio is 10.17% and 8.67% in the 30-day chart. Further, Rekor Systems Inc (REKR) has a beta value of 1.87, and an average true range (ATR) of 0.07. 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 -237.08% off current price level while to achieve the yearly target high, price needs to move -237.08%. Nonetheless, investors will most likely welcome a -237.08% 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 1.09 over the past 10 days and 986.60K over the past 3 months. The company’s latest data on shares outstanding shows there are 90.96 million shares.
The 8.59% of Rekor Systems Inc’s shares are in the hands of company insiders while institutional holders own 53.91% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.61 million on 2024-10-31, giving us a short ratio of 19.43. The data shows that as of 2024-10-31 short interest in Rekor Systems Inc (REKR) stood at 2053.0 of shares outstanding, with shares short rising to 14.73 million registered in 2024-09-30. Current price change has pushed the stock -73.70% 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.
