In the latest trading session, 0.58 million Rekor Systems Inc (NASDAQ:REKR) shares changed hands as the company’s beta touched 1.87. With the company’s most recent per share price at $0.85 changed hands at -$0.03 or -2.99% at last look, the market valuation stands at $79.67M. REKR’s current price is a discount, trading about -361.18% off its 52-week high of $3.92. The share price had its 52-week low at $0.78, which suggests the last value was 8.24% up since then. When we look at Rekor Systems Inc’s average trading volume, we note the 10-day average is 1.02 million shares, with the 3-month average coming to 986.60K.
Analysts gave the Rekor Systems Inc (REKR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended REKR as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
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Rekor Systems Inc (NASDAQ:REKR) trade information
Instantly REKR was in red as seen in intraday trades today. With action 2.31%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -74.50%, with the 5-day performance at 2.31% in the green. However, in the 30-day time frame, Rekor Systems Inc (NASDAQ:REKR) is -11.94% down. Looking at the short shares, we see there were 15.61 million shares sold at short interest cover period of 19.43 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 71.67% from its recent market value. According to analyst projections, REKR’s forecast low is 3 with 3 as the target high. To hit the forecast high, the stock’s price needs a -252.94% plunge from its current level, while the stock would need to soar -252.94% for it to hit the projected low.
Rekor Systems Inc (REKR) estimates and forecasts
Data shows that the Rekor Systems Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -43.01% over the past 6 months, a 20.83% in annual growth rate that is considerably lower than the industry average of 26.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -10.32%. The 2024 estimates are for Rekor Systems Inc earnings to increase by 24.31%.
REKR Dividends
Rekor Systems Inc is expected to release its next quarterly earnings report in January.
Rekor Systems Inc (NASDAQ:REKR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.15% of Rekor Systems Inc shares while 50.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 54.29%. There are 50.95% institutions holding the Rekor Systems Inc stock share, with ARCTIS GLOBAL LLC the top institutional holder. As of 2024-06-30, the company held 12.6165% of the shares, roughly 10.04 million REKR shares worth $15.56 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.4854% or 4.36 million shares worth $6.76 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 2.34 shares estimated at $2.03 million under it, the former controlled 2.49% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.96% of the shares, roughly 1.84 shares worth around $1.6 million.
