Rekor Systems Inc (NASDAQ:REKR) shares, rose in value on Thursday, April 04, with the stock price up by 8.63% to the previous day’s close as strong demand from buyers drove the stock to $2.45.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.26. The value of beta (5-year monthly) is 2.14. Referring to stock’s 52-week performance, its high was $4.15, and the low was $1.00. On the whole, REKR has fluctuated by 5.36% over the past month.
With the market capitalization of Rekor Systems Inc currently standing at about $209.46 million, investors are eagerly awaiting this quarter’s results, scheduled for May 13, 2024 – May 17, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.11, which is expected to increase to -$0.06 for fiscal year -$0.28 and then to about -$0.18 by fiscal year 2025. Data indicates that the EPS growth is expected to be 61.10% in 2025, while the next year’s EPS growth is forecast to be 35.70%.
Analysts have estimated the company’s revenue for the quarter at $13.02 million, with a low estimate of $13 million and a high estimate of $13.05 million. According to the average forecast, sales growth in current quarter could jump up 112.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $66.07 million, representing an increase of 89.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that REKR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of REKR currently trading nearly 14.53% and -2.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.49, while the 7-day volatility ratio is showing 7.77% which for the 30-day chart, stands at 7.53%. Furthermore, Rekor Systems Inc (REKR)’s beta value is 2.15, and its average true range (ATR) is 0.17.
A comparison of Rekor Systems Inc (REKR) with its peers suggests the former has fared considerably weaker in the market. REKR showed an intraday change of 8.63% in today’s session so far, and over the past year, it grew by 108.05%%.
Data on historical trading for Rekor Systems Inc (NASDAQ:REKR) indicates that the trading volumes over the past 10 days have averaged 1.88 million and over the past 3 months, they’ve averaged 1.22 million. According to company’s latest data on outstanding shares, there are 85.32 million shares outstanding.
Nearly 6.30% of Rekor Systems Inc’s shares belong to company insiders and institutional investors own 45.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.92 million shares as on Mar 15, 2024, resulting in a short ratio of 9.92. According to the data, the short interest in Rekor Systems Inc (REKR) stood at 12.94% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 9.74 million. The stock has fallen by -26.28% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the REKR stock heading into the next quarter.
