The stock of Recon Technology Ltd (RCON) has gone down by -30.65% for the week, with a -20.63% drop in the past month and a -51.00% drop in the past quarter. The volatility ratio for the week is 17.30%, and the volatility levels for the past 30 days are 13.65% for RCON. The simple moving average for the past 20 days is -17.57% for RCON’s stock, with a -57.81% simple moving average for the past 200 days.
Is It Worth Investing in Recon Technology Ltd (NASDAQ: RCON) Right Now?
The stock has a 36-month beta value of 2.25. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RCON is 39.78M, and at present, short sellers hold a 0.04% of that float. On April 22, 2024, the average trading volume of RCON was 671.49K shares.
RCON) stock’s latest price update
Recon Technology Ltd (NASDAQ: RCON) has experienced a rise in its stock price by 12.20 compared to its previous closing price of 0.10. However, the company has seen a fall of -30.65% in its stock price over the last five trading days. Benzinga reported 2023-06-30 that The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
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 12, 2018 of the previous year 2018.
RCON Trading at -24.87% 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 -76.00% of loss for the given period.
Volatility was left at 13.65%, however, over the last 30 days, the volatility rate increased by 17.30%, as shares sank -18.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.69% lower at present.
During the last 5 trading sessions, RCON fell by -30.65%, which changed the moving average for the period of 200-days by -70.48% in comparison to the 20-day moving average, which settled at $0.1326. In addition, Recon Technology Ltd saw -52.72% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RCON
Current profitability levels for the company are sitting at:
- -1.02 for the present operating margin
- 0.28 for the gross margin
The net margin for Recon Technology Ltd stands at -0.88. The total capital return value is set at -0.02. Equity return is now at value -13.64, with -11.61 for asset returns.
Based on Recon Technology Ltd (RCON), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -0.21. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -27.14.
Currently, EBITDA for the company is -47.38 million with net debt to EBITDA at 7.66. When we switch over and look at the enterprise to sales, we see a ratio of -5.41. The receivables turnover for the company is 0.06for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.26.
Conclusion
To sum up, Recon Technology Ltd (RCON) 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.
