The 36-month beta value for REKR is at 1.97. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for REKR is 81.91M, and currently, shorts hold a 18.90% of that float. The average trading volume for REKR on September 12, 2024 was 1.20M shares.
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REKR) stock’s latest price update
Rekor Systems Inc (NASDAQ: REKR)’s stock price has plunge by 1.69relation to previous closing price of 1.18. Nevertheless, the company has seen a 3.45% surge in its stock price over the last five trading sessions. zacks.com reported 2024-09-04 that Rekor Systems (REKR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
REKR’s Market Performance
Rekor Systems Inc (REKR) has seen a 3.45% rise in stock performance for the week, with a -14.29% decline in the past month and a -20.53% plunge in the past quarter. The volatility ratio for the week is 5.32%, and the volatility levels for the past 30 days are at 7.52% for REKR. The simple moving average for the past 20 days is -4.99% for REKR’s stock, with a -44.08% simple moving average for the past 200 days.
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 -22.00% 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 -70.07% of loss for the given period.
Volatility was left at 7.52%, however, over the last 30 days, the volatility rate increased by 5.32%, as shares sank -12.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.39% lower at present.
During the last 5 trading sessions, REKR rose by +4.94%, which changed the moving average for the period of 200-days by -56.52% in comparison to the 20-day moving average, which settled at $1.2544. In addition, Rekor Systems Inc saw -63.96% 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 Arctis Global LLC, who purchase 2,275,000 shares at the price of $1.40 back on Jul 05 ’24. After this action, Arctis Global LLC now owns 12,312,491 shares of Rekor Systems Inc, valued at $3,185,000 using the latest closing price.
Stock Fundamentals for REKR
Current profitability levels for the company are sitting at:
- -0.63 for the present operating margin
- 0.4 for the gross margin
The net margin for Rekor Systems Inc stands at -1.14. The total capital return value is set at -0.35. Equity return is now at value -114.21, with -55.34 for asset returns.
Based on Rekor Systems Inc (REKR), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at -1.61. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 114.02.
Currently, EBITDA for the company is -34.22 million with net debt to EBITDA at -0.82. When we switch over and look at the enterprise to sales, we see a ratio of 3.22. The receivables turnover for the company is 4.53for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
In conclusion, Rekor Systems Inc (REKR) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
