Rekor Systems Inc (NASDAQ:REKR) saw an upside of 6.62% to $2.90 after adding $0.18 on Wednesday. The 5-day average trading volume is 983,170 shares of the company’s common stock. It has gained $3.01 in the past week and touched a new high 2 times within the past 5 days. An average of 1,276,357 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,040,789.
REKR’s 1-month performance is -19.22% or -$0.66 on its low of $2.61 reached on 09/25/23. The company’s shares have touched a 52-week low of $0.56 and high of $4.15, with the stock’s rally to the 52-week high happening on 08/29/23. YTD, REKR has achieved 141.67% or $1.68 and has reached a new high 17 times. However, the current price is down -30.12% from the 52-week high price.
Valuation Metrics
REKR stock has a beta of 2.27. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.48 while the price-to-book (PB) in the most recent quarter is 4.29.
Rekor Systems Inc’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.88. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.57, while the total debt to equity was 0.63. In terms of profitability, the gross margin trailing 12 months is 21.60%. The trailing 12-month EBITDA margin is -221.71% while for the period ending June 29, Rekor Systems Inc’s operating margin was -171.68%. The firm’s gross profit as reported stood at $9.03 million against revenue of $19.92 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -40.41% to -$11.11 million, while revenue of -$12.68 million was -14.13% off the previous quarter. Analysts expected REKR to announce -$0.16 per share in earnings in its latest quarter, but it posted -$0.18, representing a -12.50% surprise. EBITDA for the quarter stood at more than -$7.92 million. REKR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 41.99 million, with total debt at $26.22 million. Shareholders hold equity totaling $68.95 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 26 September was 39.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 70.90%.
The stock’s 5-day moving average is $2.74, reflecting a -2.86% or -$0.09 change from its current price. REKR is currently trading -29.29% above its 20-day SMA, +142.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.54% and SMA200 by+220.41%.
Stochastic %K and %D was 10.18% and 5.20% and the average true range (ATR) pointed at 0.25. The RSI (14) points at 42.80%, while the 14-day stochastic is at 19.30% with the period’s ATR at 0.27. The stock’s 9-day MACD Oscillator is pointing at -0.16 and -0.44 on the 14-day charts.
Analyst Ratings
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 2 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 $4.00 and a high of $4.50, with their median price target at $4.25. Looking at these predictions, the average price target given by analysts is for Rekor Systems Inc (REKR) stock is $4.25.
