Rekor Systems Inc (NASDAQ:REKR) price closed lower on current market day and dropping -6.90% below its previous close.
A look at the daily price movement shows that the last close reads $1.45. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.67 and 52-week low of $0.62. The stock added 32.35% on its value in the past month.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned REKR a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Rekor Systems Inc (REKR) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that REKR’s price is at present 13.52% off the SMA20 and 34.78% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 58.33, with weekly volatility standing at 5.12%. The indicator jumps to 8.71% when calculated based on the past 30 days. Rekor Systems Inc (NASDAQ:REKR)’s beta value is holding at 2.26, while the average true range (ATR) indicator is currently reading 0.15. Considering analysts have assigned the stock a price target range of $3-$3 as the low and high respectively, we find the trailing 12-month average consensus price target to be $3. Based on this estimate, we see that current price is roughly -122.22% off the estimated low and -122.22% off the forecast high. Investors will no doubt be excited to see the share price fall to $3, which is the median consensus price, and at that level REKR would be -122.22% from current price.
Current records show that the company has 118.08M in outstanding shares. The insiders’ percentage holdings are 5.08% of outstanding shares while the percentage share held by institutions stands at 30.06%. But the -13.46% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
