The stock of Rekor Systems Inc. (NASDAQ:REKR) increased by $0.21 on Tuesday to at $3.80, up 5.85 percent. The last five days have seen an average of 1,205,590 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $2.58. The average number of shares traded over the last 20 days was 891,592, while the average volume over the last 50 days totaled 941,805.
REKR stock appreciated 25.00% since last month. On 08/15/23, the company’s shares reached a one-month low of $2.45. The stock touched a high of $3.91 on 08/24/23, after rallying from a low of $0.56 in 52 weeks. The price of REKR stock has risen by 216.67% or $2.58 this year, reaching a new high 16 times. Still, the stock price is down -2.94% from the 52-week high.
Insider Transactions
REKR stock investors should be aware that Rekor Systems Inc. (REKR) stock had its last reported insider trading activity 4 days ago on Aug 25. On Aug 25, Chief Executive Officer BERMAN ROBERT ALAN acquired 10,000 shares at $3.45 each. This transaction resulted in the insider spending $34,455. On Aug 18, Arctis Global LLC added 100,000 shares at a price of US$3.11. After the transaction, the insider now owns 9,647,491 shares. Chief Executive Officer BERMAN ROBERT ALAN had earlier bought 25,000 shares on Aug 18 for $3.14 a share. The transaction was completed for $78,425.
Valuation Metrics
Beta for the stock is 2.19. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 9.81, the price-to-book (PB) ratio of 5.59.
Financial Health
For the three months ended June 29, Rekor Systems Inc.’s quick ratio was 0.70, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.25, and the total debt to equity ratio is 0.28. As far as profitability goes, gross margin for the trailing twelve months is 50.50% percent. Based on annual data, it had gross profit of $9.03 million and revenue of $19.92 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. REKR’s return on assets (ROA) during the last 12 months has been -88.70%. There was a -156.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -158.60%.
Earnings Surprise
According to Rekor Systems Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $8.56 million, while revenues rose by 49.42% to $6.19 million. It was predicted that Rekor Systems Inc.’s quarterly earnings would be -$0.18, but it ended up being -$0.16, beating the consensus by -12.50%. EBITDA was -$7.92 million for the quarter. At the end of Rekor Systems Inc.’s most recent quarter ended June 29, its liabilities totaled 41.99 million, while its total debt was $26.22 million. Equity owned by shareholders amounts to $68.95 million.
Technical Picture
Here’s a quick look at Rekor Systems Inc.’s (REKR) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 74.44%, suggesting the stock is Overbought, with a 65.52% historical volatility rate.
The stochastic %K and %D were 81.20% and 79.20% respectively, while the average true range (ATR) was 0.35. Based on the 14-day stochastic reading of 90.71%, the RSI (14) reading is 69.29%. On the 9-day MACD Oscillator, the stock is at 0.18, and the 14-day reading is at 0.48.
Analyst Ratings
In its analyst report released on February 11, 2021, Northland Capital began covering Rekor Systems Inc. (NASDAQ: REKR). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Rekor Systems Inc. (REKR) an Buy rating. REKR is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is REKR’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.00 and $4.50, with a median target price of $4.25. In analyzing these forecasts, the average price target given by analysts for Rekor Systems Inc. (REKR) is $4.25.
