Recon Technology Ltd (NASDAQ:RCON) traded at $0.10 at close of the session on Monday, April 29, made an upward move of 6.59% on its previous day’s price.
Looking at the stock we see that its previous close was $0.09. In terms of its 52-week price range, RCON has a high of $0.43 and a low of $0.07. The company’s stock has lost about -34.46% over that past 30 days.
Recon Technology Ltd has a market cap of $3.93 million. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at -$0.17 for 2024 and -$0.04 for next year. These figures represent 29.20% and 76.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $11.51 million, with a low of $11.51 million and a high of $11.51 million. The median projection represents growth squeezing down to 24.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $11.51 million, or 24.10% up from figures reported last year.
On the other hand, looking at the outlook for the RCON stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -20.02% off its SMA20 and -30.71% from its 50-day simple moving average. The RSI (14) is pointing at 38.92 while the volatility over the past week is 30.77% and jumps to 19.91% over the past one month. The beta value is 2.25, while the average true range (ATR) is currently pointing at 0.02.
Coming back to Recon Technology Ltd (NASDAQ:RCON), we note that the average 3-month trading volume was 948.22K. Current shares outstanding are 40.53 million.
The insiders hold 1.86% of the company’s shares while institutions hold 11.14%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -58.46% down in year-to-date price movement.
