Looking at the stock we see that its previous close was $1.72 and the beta (5Y monthly) reads 1.977 with the day’s price range being $1.68 – $1.82. In terms of its 52-week price range, REKR has a high of $3.51 and a low of $0.78. The company’s stock has gained about 93.26% over that past 30 days.
Rekor Systems Inc has a market cap of $161.38 million and is expected to release its quarterly earnings report in February.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 12.91M, with a low of 12.32M and a high of 13.5M. The median projection represents growth squeezing down to 16.69% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 45.69M, or 30.79% up from figures reported last year.
On the other hand, looking at the outlook for the REKR stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Rekor Systems Inc (REKR) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -1.78% off its SMA20 and 38.50% from its 50-day simple moving average. The RSI (14) is pointing at 53.96 while the volatility over the past week is 17.36% and jumps to 22.01% over the past one month. The beta value is 1.73, while the average true range (ATR) is currently pointing at 0.29. The average price target for the stock over the next 12 months is $3, with the estimates having a low of $3 and a high of $3. These price ends are -74.42% and -74.42% off the current price level respectively, although investors could be excited at the prospect of a -74.42% if the REKR share price touches on the median price of $3.
Coming back to Rekor Systems Inc (NASDAQ:REKR), we note that the average 3-month trading volume was 5.76 million, while that of the preceding 10-day period stands at 10.51 million. Current shares outstanding are 90.96 million.
The insiders hold 7.62% of the company’s shares while institutions hold 53.97%. The data shows that short shares as of 2024-10-31, stood at 15.61 million at a short ratio of 19.43. This represents a 2053.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 14.73 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 10.26% up in year-to-date price movement.
