In the last trading session, 1,259,457 shares of the Rekor Systems, Inc.(NASDAQ:REKR) were traded, and its beta was 1.81. Most recently the company’s share price was $16.95, and it changed around $0.41 or 0.02% from the last close, which brings the market valuation of the company to $675.36 Million. REKR currently trades at a discount to its 52-week high of $20.67, offering almost -21.95% off that amount. The share price’s 52-week low was $2.35, which indicates that the current value has risen by an impressive 86.14% since then. We note from Rekor Systems, Inc.’s average daily trading volume that its 10-day average is 1.08 Million shares, with the 3-month average coming to 840.75 Million.
Rekor Systems, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 2 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended REKR as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. Rekor Systems, Inc. is expected to report earnings per share of -$0.08 for the current quarter.
Rekor Systems, Inc. (NASDAQ:REKR): Trading Information
Instantly REKR has showed a green trend with a performance of 2.48% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $20.67 on Friday, Feb 12 increased the stock’s daily price by 18%. The company’s shares are currently up 1.1% year-to-date, but still down -0.0946 over the last five days. On the other hand, Rekor Systems, Inc. (NASDAQ:REKR) is 0.53% up in the 30-day period. We can see from the shorts that 1.25 Million shares have been sold at a short interest cover period of 0 day(s).
The consensus price target as assigned by Wall Street analysts is $25, which translates to bears needing to increase their stock price by 47.49% from its current value. Analyst projections state that REKR is forecast to be at a low of $24 and a high of $26. In order for the stock price to hit the forecast high, the stock would need to surge +53.39% from its current level, while the stock would need to crash 41.59% from its current level to reach the projected low.
Rekor Systems, Inc. (REKR) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Rekor Systems, Inc. earnings are expected to decrease by -76.3% in 2021, but the outlook is negative 0% per year for the next five years.
Rekor Systems, Inc. (NASDAQ:REKR)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 29.05% of Rekor Systems, Inc. shares, and 18.58% of them are in the hands of institutional investors. The stock currently has a share float of 26.18%. Rekor Systems, Inc. stock is held by 39 institutions, with Manatuck Hill Partners, LLC being the largest institutional investor. By Sep 29, 2020, it held 2.82% of the shares, which is about 973.7 Thousand shares worth $5.61 Million.
Vanguard Group, Inc. (The), with 2.01% or 694.07 Thousand shares worth $4Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.