During the last session, Rekor Systems Inc (NASDAQ:REKR)’s traded shares were 0.79 million, with the beta value of the company hitting 1.97. At the end of the trading day, the stock’s price was $1.16, reflecting an intraday gain of 8.41% or $0.09. The 52-week high for the REKR share is $3.92, that puts it down -237.93 from that peak though still a striking 12.93% gain since the share price plummeted to a 52-week low of $1.01. The company’s market capitalization is $102.66M, and the average intraday trading volume over the past 10 days was 0.94 million shares, and the average trade volume was 937.78K shares over the past three months.
Rekor Systems Inc (REKR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. REKR has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.08.
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Rekor Systems Inc (NASDAQ:REKR) trade information
Rekor Systems Inc (REKR) registered a 8.41% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 8.41% in intraday trading to $1.16, hitting a weekly high. The stock’s 5-day price performance is 10.48%, and it has moved by -4.13% in 30 days. Based on these gigs, the overall price performance for the year is -65.88%. The short interest in Rekor Systems Inc (NASDAQ:REKR) is 14.73 million shares and it means that shorts have 19.09 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies an increase of 61.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $3 respectively. As a result, REKR is trading at a discount of -158.62% off the target high and -158.62% off the low.
Rekor Systems Inc (REKR) estimates and forecasts
Statistics show that Rekor Systems Inc has outperformed its competitors in share price, compared to the industry in which it operates. Rekor Systems Inc (REKR) shares have gone down -42.86% during the last six months, with a year-to-date growth rate more than the industry average at 31.94% against 18.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 50.00% this quarter and then jump 62.50% in the quarter after that. In the rating firms’ projections, revenue will increase 52.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 14.06M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 17.14M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 9.31M and 11.07M respectively. In this case, analysts expect current quarter sales to grow by 51.00% and then jump by 54.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -10.32%. While earnings are projected to return 36.81% in 2024.
REKR Dividends
Rekor Systems Inc is due to release its next quarterly earnings on 2024-Nov-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Rekor Systems Inc (NASDAQ:REKR)’s Major holders
Rekor Systems Inc insiders own 6.52% of total outstanding shares while institutional holders control 58.78%, with the float percentage being 62.88%. ARCTIS GLOBAL LLC is the largest shareholder of the company, while 117.0 institutions own stock in it. As of 2024-06-30, the company held over 10.04 million shares (or 12.6165% of all shares), a total value of $15.56 million in shares.
The next largest institutional holding, with 4.36 million shares, is of BLACKROCK INC.’s that is approximately 5.4854% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $6.76 million.
Also, the Mutual Funds coming in first place with the largest holdings of Rekor Systems Inc (REKR) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.34 shares. This amounts to just over 2.64 percent of the company’s overall shares, with a $2.71 million market value. The same data shows that the other fund manager holds slightly less at 1.91, or about 2.16% of the stock, which is worth about $2.22 million.
