Recon Technology Ltd. (NASDAQ:RCON) went up by 15.85% from its latest closing price compared to the recent 1-year high of $17.50. The company’s stock price has collected -4.16% of loss in the last five trading sessions.
Is It Worth Investing in Recon Technology Ltd. (NASDAQ :RCON) Right Now?
Recon Technology Ltd. (NASDAQ:RCON) scored a price-to-earnings ratio above its average ratio, recording 1.76 x from its present earnings ratio. Plus, the 36-month beta value for RCON is at 2.91. Opinions of the stock are interesting as 0 analysts out of 1 who provided ratings for Recon Technology Ltd. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $10.00. RCON currently public float of 25.78M and currently shorts hold a 4.85% ratio of that float. Today, the average trading volume of RCON was 1.89M shares.
RCON’s Market Performance
RCON stocks went down by -4.16% for the week, with a monthly drop of -14.58% and a quarterly performance of -21.90%, while its annual performance rate touched -90.82%. The volatility ratio for the week stands at 17.25% while the volatility levels for the past 30 days are set at 9.88% for Recon Technology Ltd.. The simple moving average for the period of the last 20 days is -5.99% for RCON stocks with a simple moving average of -55.25% for the last 200 days.
Analysts’ Opinion of RCON
Many brokerage firms have already submitted their reports for RCON stocks, with Maxim Group repeating the rating for RCON by listing it as a “Buy.” The predicted price for RCON in the upcoming period, according to Maxim Group is $2.50 based on the research report published on June 12th of the previous year 2018.
RCON Trading at -17.89% from the 50-Day Moving Average
After a stumble in the market that brought RCON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.31% of loss for the given period.
Volatility was left at 9.88%, however, over the last 30 days, the volatility rate increased by 17.25%, as shares sank -14.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.00% lower at present.
During the last 5 trading sessions, RCON fell by -4.16%, which changed the moving average for the period of 200-days by -75.52% in comparison to the 20-day moving average, which settled at $0.8652. In addition, Recon Technology Ltd. saw -37.40% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RCON
Equity return is now at value 42.20, with 25.90 for asset returns.