In today’s recent session, 0.56 million shares of the Rekor Systems Inc (NASDAQ:REKR) have been traded, and its beta is 1.97. Most recently the company’s share price was $1.08, and it changed around $0.03 or 2.86% from the last close, which brings the market valuation of the company to $95.58M. REKR at last check was trading at a discount to its 52-week high of $3.92, offering almost -262.96% off that amount. The share price’s 52-week low was $1.01, which indicates that the recent value has risen by an impressive 6.48% since then. We note from Rekor Systems Inc’s average daily trading volume that its 10-day average is 0.86 million shares, with the 3-month average coming to 967.72K.
Rekor Systems Inc 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 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended REKR as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Rekor Systems Inc is expected to report earnings per share of -0.08 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
Rekor Systems Inc (NASDAQ:REKR) trade information
Instantly REKR has been showing a green trend so far today with a performance of 2.86% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.1900 on recent trading dayincreased the stock’s daily price by 9.24%. The company’s shares are currently down -67.57% year-to-date, but still down -8.47% over the last five days. On the other hand, Rekor Systems Inc (NASDAQ:REKR) is -5.26% down in the 30-day period. We can see from the shorts that 16.81 million shares have been sold at a short interest cover period of 15.9 day(s).
The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 64.0% from its current value. Analyst projections state that REKR is forecast to be at a low of $3 and a high of $3.
Rekor Systems Inc (REKR) estimates and forecasts
Rekor Systems Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -53.65 percent over the past six months and at a 31.94% annual growth rate that is well above the industry average of 18.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 50.00% in revenue this quarter, and will report an increase of 62.50% in the next quarter. The year-over-year growth rate is expected to be 55.70%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 14.38M in revenue for the current quarter. 2 analysts expect Rekor Systems Inc to make 17.8M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 9.31M and 11.07M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 54.50%. Forecasts for the next quarter put sales growth at 60.90%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -10.32%.
REKR Dividends
Rekor Systems Inc’s next quarterly earnings report is expected to be released on 2024-Nov-12.
Rekor Systems Inc (NASDAQ:REKR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.52% of Rekor Systems Inc shares, and 58.89% of them are in the hands of institutional investors. The stock currently has a share float of 63.00%. Rekor Systems Inc stock is held by 117.0 institutions, with ARCTIS GLOBAL LLC being the largest institutional investor. By 2024-06-30, it held 12.6165% of the shares, which is about 10.04 million shares worth $15.56 million.
BLACKROCK INC., with 5.4854% or 4.36 million shares worth $6.76 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 2.34 shares worth $2.58 million, making up 2.64% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.91 shares worth around $2.11 million, which represents about 2.16% of the total shares outstanding.
