At the last check on Friday, Rekor Systems Inc.’s (NASDAQ:REKR) stock was up $0.07, moving up 2.14 percent to $3.11. The average number of shares traded per day over the past five days has been 913,065 shares. 3 times new highs have been achieved over the past 5 days, with a $0.48 gain in that time frame. In the last twenty days, the average volume was 668,081, while in the previous 50 days, it was 811,281.
Since last month, REKR stock rose 1.80%. Shares of the company fell to $2.30 on 07/27/23, the lowest level in the past month. A 52-week high of $3.50 was reached on 07/18/23 after having rallying from a 52-week low of $0.56. Since the beginning of this year, REKR’s stock price has risen by 158.75% or $1.91, and marked a new high 13 times. However, the stock has declined by -11.29% since its 52-week high.
REKR stock investors should be aware that Rekor Systems Inc. (REKR) stock had its last reported insider trading activity 56 days ago on Jun 23. Arctis Global LLC, the 10% Owner of the company, purchased of 1,918,000 shares for $1.31 on Jun 23. It resulted in a $2,513,731 investment by the insider.
Valuation Metrics
The stock’s beta is 2.22. Besides these, the trailing price-to-sales (P/S) ratio of 9.30, the price-to-book (PB) ratio of 3.27.
Financial Health
In the three months ended June 29, Rekor Systems Inc.’s quick ratio stood at 1.30, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.19, and the total debt-to-equity ratio was 0.20. On the profitability front, the trailing twelve-month gross margin is 47.70% percent. Based on annual data, REKR earned $9.03 million in gross profit and brought in $19.92 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -156.00%. Return on equity (ROE) for the past 12 months was -130.00%.
In Rekor Systems Inc.’s quarter-end financial report for June 29, it reported total debt of $0.31 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. REKR’s revenue rose 49.42% to $6.19 million during the quarter, while net income inched up to $8.56 million. While analysts expected Rekor Systems Inc. to report -$0.16 quarterly earnings, the actual figure was -$0.18 per share, beating the consensus estimate by -12.50%. During the quarter, the company generated -$7.92 million in EBITDA. The liabilities of Rekor Systems Inc. were 41.99 million at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $68.95 million.
Technical Picture
This quick technical analysis looks at Rekor Systems Inc.’s (REKR) price momentum. With a historical volatility rate of 94.18%, the RSI 9-day stood at 63.94% on 17 August.
With respect to its five-day moving average, the current Rekor Systems Inc. price is up by +18.25% percent or $0.48. At present, REKR shares trade +1.30% above its 20-day simple moving average and +119.01% percent above its 100-day simple moving average. However, the stock is currently trading approximately +81.87% above its SMA50 and +211.00% above its SMA200.
Stochastic coefficient K was 72.43% and Stochastic coefficient D was 54.57%, while ATR was 0.28. Given the Stochastic reading of 84.62% for the 14-day period, the RSI (14) reading has been calculated as 60.59%. As of today, the MACD Oscillator reading stands at 0.25, while the 14-day reading stands at 0.22.
Analyst Ratings
Northland Capital launched its rating on Rekor Systems Inc. (NASDAQ: REKR) to an Outperform in a note to investors on February 11, 2021. Rekor Systems Inc. (REKR) has been rated Buy by analysts. According to 0 brokerage firms, REKR is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Rekor Systems Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $4.25, the current consensus forecast for the stock is $4.00 – $4.50. Based on these forecasts, analysts predict Rekor Systems Inc. (REKR) will achieve an average price target of $4.25.
