In the last trading session, 1,962,543 shares of the Recon Technology, Ltd. (NASDAQ:RCON) were traded, and its beta was 3.37. Most recently the company’s share price was $5.6, and it changed around $0.71 or 0.15% from the last close, which brings the market valuation of the company to $102.54 Million. RCON currently trades at a discount to its 52-week high of $9.7, offering almost -73.21% off that amount. The share price’s 52-week low was $0.75, which indicates that the current value has risen by an impressive 86.61% since then. We note from Recon Technology, Ltd.’s average daily trading volume that its 10-day average is 3.18 Million shares, with the 3-month average coming to 2.13 Million.
Recon Technology, Ltd. stock received a consensus recommendation rating of Hold, based on a mean score of 3. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended RCON as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. Recon Technology, Ltd. is expected to report earnings per share of $0 for the current quarter.
Recon Technology, Ltd. (NASDAQ:RCON): Trading Information
Instantly RCON has showed a green trend with a performance of 14.52% 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 $9.70- on Tuesday, Mar 30 increased the stock’s daily price by 42.27%. The company’s shares are currently up 2.81% year-to-date, but still down -0.3481 over the last five days. On the other hand, Recon Technology, Ltd. (NASDAQ:RCON) is 1.37% up in the 30-day period. We can see from the shorts that 738.83 Million shares have been sold at a short interest cover period of 346.87 day (s).
The consensus price target as assigned by Wall Street analysts is $10, which translates to bears needing to increase their stock price by 78.57% from its current value. Analyst projections state that RCON is forecast to be at a low of $10 and a high of $10. In order for the stock price to hit the forecast high, the stock would need to surge +78.57% from its current level, while the stock would need to crash 78.57% from its current level to reach the projected low.
Recon Technology, Ltd. (RCON) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 33.6%. Recon Technology, Ltd. earnings are expected to increase by 35.8% in 2021, but the outlook is negative 0% per year for the next five years.
Recon Technology, Ltd. (NASDAQ:RCON)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 13.63% of Recon Technology, Ltd. shares, and 2.55% of them are in the hands of institutional investors. The stock currently has a share float of 2.95%. Recon Technology, Ltd. stock is held by 4 institutions, with Virtu Financial LLC being the largest institutional investor. By Dec 30, 2020, it held 0.34% of the shares, which is about 61.96 Thousand shares worth $91.07 Thousand.
Geode Capital Management, LLC, with 0.09% or 16.08 Thousand shares worth $23.64 Thousand as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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