During the last session, Rekor Systems Inc (NASDAQ:REKR)’s traded shares were 1.33 million, with the beta value of the company hitting 1.96. At the end of the trading day, the stock’s price was $1.06, reflecting an intraday loss of -5.36% or -$0.06. The 52-week high for the REKR share is $3.92, that puts it down -269.81 from that peak though still a striking 4.72% gain since the share price plummeted to a 52-week low of $1.01. The company’s market capitalization is $93.81M, and the average intraday trading volume over the past 10 days was 0.71 million shares, and the average trade volume was 885.85K 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.
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Rekor Systems Inc (NASDAQ:REKR) trade information
Rekor Systems Inc (REKR) registered a -5.36% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.36% in intraday trading to $1.06, hitting a weekly high. The stock’s 5-day price performance is -4.50%, and it has moved by -7.83% in 30 days. Based on these gigs, the overall price performance for the year is -59.23%. The short interest in Rekor Systems Inc (NASDAQ:REKR) is 15.95 million shares and it means that shorts have 19.14 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies an increase of 64.67% 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 -183.02% off the target high and -183.02% 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 -40.78% during the last six months, with a year-to-date growth rate more than the industry average at 31.94% against 18.80.
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-14. 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 58.84%, with the float percentage being 62.94%. ARCTIS GLOBAL LLC is the largest shareholder of the company, while 118.0 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.
