Recon Technology Ltd (NASDAQ: RCON): Is This The Time To Buy?

Recon Technology Ltd (NASDAQ:RCON)’s traded shares stood at 1.15 million during the last session, with the company’s beta value hitting 2.23. At the close of trading, the stock’s price was $0.10, to imply a decrease of -8.20% or -$0.01 in intraday trading. The RCON share’s 52-week high remains $0.47, putting it -370.0% down since that peak but still an impressive -10.0% since price per share fell to its 52-week low of $0.11. The company has a valuation of $4.04M, with an average of 647.70K shares over the past 3 months.

Recon Technology Ltd (NASDAQ:RCON) trade information

After registering a -8.20% downside in the last session, Recon Technology Ltd (RCON) has traded red over the past five days. The stock hit a weekly high of 0.1937, dropping -8.20% in its intraday price action. The 5-day price performance for the stock is -33.38%, and -27.30% over 30 days. With these gigs, the year-to-date price performance is -57.34%.

Recon Technology Ltd (RCON) estimates and forecasts

The rating firms project that company’s revenue will grow 21.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is $11.29 million. Meanwhile, for the quarter ending Sep 2023, a total of — analyst(s) estimate revenue growth to -$.Earnings reports from the last fiscal year show that sales brought in $9.27 million and -$ respectively in the corresponding quarters.

RCON Dividends

Recon Technology Ltd has its next earnings report out in May. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Recon Technology Ltd has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.