The stock of Rekor Systems Inc (REKR) has gone down by -6.64% for the week, with a -1.40% drop in the past month and a -43.58% drop in the past quarter. The volatility ratio for the week is 8.96%, and the volatility levels for the past 30 days are 7.85% for REKR. The simple moving average for the past 20 days is -2.65% for REKR’s stock, with a -25.42% simple moving average for the past 200 days.
Is It Worth Investing in Rekor Systems Inc (NASDAQ: REKR) Right Now?
The stock has a 36-month beta value of 2.15. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for REKR is 80.03M, and at present, short sellers hold a 15.87% of that float. On April 11, 2024, the average trading volume of REKR was 1.23M shares.
REKR) stock’s latest price update
The stock price of Rekor Systems Inc (NASDAQ: REKR) has plunged by -8.26 when compared to previous closing price of 2.30, but the company has seen a -6.64% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-25 that Rekor Systems, Inc. (REKR) Q4 2023 Earnings Call Transcript
Analysts’ Opinion of REKR
Northland Capital, on the other hand, stated in their research note that they expect to see REKR reach a price target of $24. The rating they have provided for REKR stocks is “Outperform” according to the report published on February 11th, 2021.
REKR Trading at -12.93% from the 50-Day Moving Average
After a stumble in the market that brought REKR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.16% of loss for the given period.
Volatility was left at 7.85%, however, over the last 30 days, the volatility rate increased by 8.96%, as shares sank -1.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.94% lower at present.
During the last 5 trading sessions, REKR fell by -6.64%, which changed the moving average for the period of 200-days by +51.80% in comparison to the 20-day moving average, which settled at $2.17. In addition, Rekor Systems Inc saw -36.64% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at REKR starting from BERMAN ROBERT ALAN, who purchase 10,000 shares at the price of $3.45 back on Aug 25 ’23. After this action, BERMAN ROBERT ALAN now owns 1,135,219 shares of Rekor Systems Inc, valued at $34,455 using the latest closing price.
Arctis Global LLC, the 10% Owner of Rekor Systems Inc, purchase 100,000 shares at $3.11 during a trade that took place back on Aug 18 ’23, which means that Arctis Global LLC is holding 9,647,491 shares at $310,800 based on the most recent closing price.
Stock Fundamentals for REKR
Current profitability levels for the company are sitting at:
- -0.77 for the present operating margin
- 0.53 for the gross margin
The net margin for Rekor Systems Inc stands at -1.27. The total capital return value is set at -0.36. Equity return is now at value -105.69, with -48.32 for asset returns.
Based on Rekor Systems Inc (REKR), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at -1.17. The debt to equity ratio resting at 0.83. The interest coverage ratio of the stock is 162.93.
Currently, EBITDA for the company is -34.22 million with net debt to EBITDA at -0.72. When we switch over and look at the enterprise to sales, we see a ratio of 5.92. The receivables turnover for the company is 6.6for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.
Conclusion
To sum up, Rekor Systems Inc (REKR) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
