In recent trading session, Rekor Systems Inc (NASDAQ:REKR) saw 0.44 million shares changing hands at last check today with its beta currently measuring 2.11. Company’s recent per share price level of $1.92 trading at -$0.03 or -1.28% at last check today assigns it a market valuation of $162.47M. That most recent trading price of REKR’s stock is at a discount of -116.15% from its 52-week high price of $4.15 and is indicating a premium of 47.92% from its 52-week low price of $1.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.17 million shares which gives us an average trading volume of 1.07 million if we extend that period to 3-months.
Rekor Systems Inc (NASDAQ:REKR) trade information
Upright in the red during last session for losing -1.28%, in the last five days REKR remained trading in the red while hitting it’s week-highest on Wednesday, 03/20/24 when the stock touched $1.92 price level, adding 11.93% to its value on the day. Rekor Systems Inc’s shares saw a change of -42.19% in year-to-date performance and have moved -6.55% in past 5-day. Rekor Systems Inc (NASDAQ:REKR) showed a performance of -15.38% in past 30-days. Number of shares sold short was 10.78 million shares which calculate 9.16 days to cover the short interests.
Rekor Systems Inc (REKR) estimates and forecasts
Statistics highlight that Rekor Systems Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -30.51% of value to its shares in past 6 months, showing an annual growth rate of 60.12% while that of industry is 20.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 23.10% in the current quarter and calculating 65.20% increase in the next quarter. This year revenue growth is estimated to rise 73.70% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $10.72 million for the same. And 2 analysts are in estimates of company making revenue of $13.08 million in the next quarter that will end on Mar 2024. Company posted $4.55 million and $6.14 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 135.70% while estimating it to be 113.00% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -29.40% during past 5 years.
REKR Dividends
Rekor Systems Inc is more likely to be releasing its next quarterly report on March 25 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Rekor Systems Inc (NASDAQ:REKR)’s Major holders
Insiders are in possession of 7.31% of company’s total shares while institution are holding 47.21 percent of that, with stock having share float percentage of 50.93%. Investors also watch the number of corporate investors in a company very closely, which is 47.21% institutions for Rekor Systems Inc that are currently holding shares of the company. Arctis Global LLC is the top institutional holder at REKR for having 9.65 million shares of worth $18.72 million. And as of Dec 30, 2023, it was holding 11.43% of the company’s outstanding shares.
The second largest institutional holder is Armistice Capital, LLC, which was holding about 4.2 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 4.98% of outstanding shares, having a total worth of $8.15 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 1.59 million shares of worth $3.09 million or 1.88% of the total outstanding shares. The later fund manager was in possession of 0.94 million shares on Dec 30, 2023, making its stake of worth around $1.82 million in the company or a holder of 1.11% of company’s stock.
