Rekor Systems Inc. (NASDAQ:REKR) saw a downside of -3.09% to close Monday at $11.60 after subtracting -$0.37 on the day. The 5-day average trading volume is 1,817,760 shares of the company’s common stock. It has gained $12.57 in the past week. An average of 2,369,705 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,688,368.
REKR’s 1-month performance is -1.61% or -$0.19 on its low of $8.51 reached on 09/21/21. The company’s shares have touched a 52-week low of $3.09 and high of $25.38, with the stock’s rally to the 52-week high happening on 04/28/21. YTD, REKR has achieved 43.74% or $3.53. However, the current price is down -54.29%% from the 52-week high price.
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On Sep 21, 21 days have gone by since the last insider trading activity for Rekor Systems Inc. (REKR). Hill Matthew Anthony (Chief Science Officer) most recently sold 100,000 shares at $10.11 per share on Sep 21. This transaction cost the insider $1,010,920. Chief Science Officer, Hill Matthew Anthony, sold 200,000 shares at a price of $9.04 on Sep 20. Then, on Sep 16, COO Hillman Rodney sold 5,747 shares at a price of $10.00 per share. This transaction amounted to $57,486.
Rekor Systems Inc. (REKR) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 28.50 for the sector.REKR stock has a beta of 1.77. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 34.59 while the price-to-book (PB) in the most recent quarter is 5.00.
Rekor Systems Inc.’s quick ratio for the period ended June 29 was 10.70, with the current ratio over the same period at 10.90 meaning that REKR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.02. In terms of profitability, the gross margin trailing 12 months is 61.70%. The trailing 12-month EBITDA margin is -107.07%. The firm’s gross profit as reported stood at $5.7 million against revenue of $9.23 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected REKR to announce -$0.1 per share in earnings in its latest quarter, but it posted -$0.12, representing a -20.00% surprise. EBITDA for the quarter stood at more than -$4.05 million. REKR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.39 million, with total debt at $2.24 million. Shareholders hold equity totaling $41.05 million
Let’s look briefly at Rekor Systems Inc. (REKR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 57.62% to suggest the stock is trending Neutral, with historical volatility in this time period at 90.40%.
The stock’s 5-day moving average is $11.49, reflecting a +7.01% or $0.76 change from its current price. REKR is currently trading +4.04% above its 20-day SMA, +8.82% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +47.21% and +33.03% respectively.
Stochastic %K and %D was 71.89% and 68.97% and the average true range (ATR) pointed at 1.18. The RSI (14) points at 57.45%, while the 14-day stochastic is at 62.57% with the period’s ATR at 1.19. The stock’s 9-day MACD Oscillator is pointing at 0.48 and 0.56 on the 14-day charts.
In the most recent analyst report for Rekor Systems Inc. (NASDAQ: REKR), Northland Capital launched coverage with an Outperform rating. Analysts offering their rating for REKR stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate REKR as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is REKR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.00 and a high of $17.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for Rekor Systems Inc. (REKR) stock is $15.33.