Is Rekor Systems Inc. (REKR) A Good Investment?

Rekor Systems Inc. (NASDAQ:REKR) finished Wednesday with a subtraction of -$0.02 to close at $12.52, a downside of -0.16 percent. An average of 1,848,360 shares of common stock have been traded in the last five days. There was a gain of $1.37 in the past week. The last 20 days have seen an average of 2,296,025 shares traded, while the 50-day average volume stands at 1,734,256.

REKR stock has increased by 14.97% in the last month. The company shares reached their 1-month lowest point of $8.51 on 09/21/21. With the stock rallying to its 52-week high on 04/28/21, shares of the company touched a low of $3.09 and a high of $25.38 in 52 weeks. In spite of this, the price is down -50.67% from the 52-week high.


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Insider Transactions

23 days have passed since Rekor Systems Inc. (REKR) last reported insider trading activity. Hill Matthew Anthony, who is Chief Science Officer, most recently acquired $100,000 shares at $10.11 per share on Sep 21. In this transaction, the insider spent $1,010,920. Chief Science Officer, Hill Matthew Anthony, disposed of 200,000 shares at a price of $9.04 on Sep 20. The insider now owns more than $1,807,240 worth of shares. Prior to that, COO Hillman Rodney went on to Sale 5,747 shares at $10.00 each on Sep 16. An amount of $57,486 was transacted.

Valuation Metrics

Rekor Systems Inc. (REKR) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 28.57 for the sector. The stock’s beta is 1.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 37.34, the price-to-book (PB) ratio at 5.40.

The quick ratio of Rekor Systems Inc. for the three months ended June 29 was 10.70, and the current ratio was 10.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.02 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 61.70% against a 5-year average of 52.4%. Rekor Systems Inc.’s EBITDA margin for the year ending June 29 is -107.07%. Its gross profit as reported stood at $5.7 million compared to revenue of $9.23 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Rekor Systems Inc.’s return on assets was -28.00%, compared to -38.7% over the last five years. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

The analyst consensus anticipated Rekor Systems Inc.’s latest quarter earnings to come in at -$0.1 per share, but it turned out to be -$0.12, a -20.00% surprise. For the quarter, EBITDA amounted to -$4.05 million. Shareholders own equity worth $41.05 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Rekor Systems Inc. (REKR) price momentum. RSI 9-day as of the close on 13 October was 66.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 77.04%.

As of today, REKR’s price is $12.07 +12.29% or $1.37 from its 5-day moving average. REKR is currently trading +27.37% higher than its 20-day SMA and +7.75% higher than its 100-day SMA. However, the stock’s current price level is +79.37% above the SMA50 and +56.30% above the SMA200.

The stochastic %K and %D were 79.18% and 75.98%, respectively, and the average true range (ATR) was 1.14. With the 14-day stochastic at 86.09% and the average true range at 1.17, the RSI (14) stands at 63.26%. The stock has reached 0.64 on the 9-day MACD Oscillator while the 14-day reading was at 0.72.

Analyst Ratings

Northland Capital launched coverage on Rekor Systems Inc. (NASDAQ: REKR) in its analyst report released on February 11, 2021. The firm assigned the stock a an Outperform rating.The consensus rating for Rekor Systems Inc. (REKR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell REKR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is REKR’s price target for the next 12 months?

Analysts predict a range of price targets between $14.00 and $17.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for Rekor Systems Inc. (REKR) stock is $15.33.

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