Future Outlook And Stock Price Performance For Recon Technology Ltd (NASDAQ: RCON)

NOVA

In the last trading session, 1.03 million shares of the Recon Technology Ltd (NASDAQ:RCON) were traded, and its beta was 2.18. Most recently the company’s share price was $0.14, and it changed around $0.0 or -2.53% from the last close, which brings the market valuation of the company to $5.63M. RCON currently trades at a discount to its 52-week high of $0.47, offering almost -235.71% off that amount. The share price’s 52-week low was $0.12, which indicates that the current value has risen by an impressive 14.29% since then. We note from Recon Technology Ltd’s average daily trading volume that its 10-day average is 0.24 million shares, with the 3-month average coming to 209.94K.

Recon Technology Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended RCON as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Recon Technology Ltd is expected to report earnings per share of $0 for the current quarter.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Recon Technology Ltd (NASDAQ:RCON) trade information

Instantly RCON has showed a red trend with a performance of -2.53% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -40.56% year-to-date, but still up 1.98% over the last five days. On the other hand, Recon Technology Ltd (NASDAQ:RCON) is -16.89% down in the 30-day period. We can see from the shorts that 26970.0 shares have been sold at a short interest cover period of 0.15 day(s).

Recon Technology Ltd (RCON) estimates and forecasts

The year-over-year growth rate is expected to be 21.20%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $11.26 million in revenue for the current quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 21.20%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 38.93%.

RCON Dividends

Recon Technology Ltd’s next quarterly earnings report is expected to be released in May.

Recon Technology Ltd (NASDAQ:RCON)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.86% of Recon Technology Ltd shares, and 3.19% of them are in the hands of institutional investors. The stock currently has a share float of 3.25%. Recon Technology Ltd stock is held by 12 institutions, with Sabby Management, LLC being the largest institutional investor. By Jun 29, 2023, it held 8.19% of the shares, which is about 3.15 million shares worth $1.09 million.

Renaissance Technologies, LLC, with 2.46% or 0.95 million shares worth $0.33 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

The former held 15122.0 shares worth $6091.0, making up 0.04% of all outstanding shares.