Rekor Systems Inc (NASDAQ:REKR) price on Thursday, March 20, fall -3.81% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.01.
A look at the stock’s price movement, the close in the last trading session was $1.05, moving within a range at $1.0 and $1.05. The beta value (5-Year monthly) was 1.807. Turning to its 52-week performance, $2.67 and $0.78 were the 52-week high and 52-week low respectively. Overall, REKR moved -50.00% over the past month.
Rekor Systems Inc’s market cap currently stands at around $106.45 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13.
Analysts have a consensus estimate of 12.91M for the company’s revenue for the quarter, with a low and high estimate of 12.32M and 13.5M respectively. The average forecast suggests up to a 16.69% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 45.69M, representing a 30.79% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that REKR is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend REKR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
REKR’s current price about -15.60% and -38.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.27, while 7-day volatility ratio is 7.43% and 11.13% in the 30-day chart. Further, Rekor Systems Inc (REKR) has a beta value of 2.02, and an average true range (ATR) of 0.15. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $3 and high of $3. Looking at the price targets, the low is -197.03% off current price level while to achieve the yearly target high, price needs to move -197.03%. Nonetheless, investors will most likely welcome a -197.03% jump to $3 which is the analysts’ median price.
If we refocus on Rekor Systems Inc (NASDAQ:REKR), historical trading data shows that trading volumes averaged 3.39 over the past 10 days and 9.00 million over the past 3 months. The company’s latest data on shares outstanding shows there are 105.40 million shares.
The 6.79% of Rekor Systems Inc’s shares are in the hands of company insiders while institutional holders own 47.14% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 19.88 million on 2025-02-28, giving us a short ratio of 2.72. The data shows that as of 2025-02-28 short interest in Rekor Systems Inc (REKR) stood at 2140.0 of shares outstanding, with shares short rising to 17.65 million registered in 2025-01-31. Current price change has pushed the stock -35.26% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the REKR stock continues to rise going into the next quarter.
