Rekor Systems Inc (NASDAQ:REKR)’s traded shares stood at 4.37 million during the last session, with the company’s beta value hitting 1.73.The REKR share’s 52-week high remains $3.92, putting it -154.55% down since that peak but still an impressive 49.35% since price per share fell to its 52-week low of $0.78. The company has a valuation of $144.49M, with an average of 12.6 million shares in intraday trading volume over the past 10 days and average of 4.41 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Rekor Systems Inc (REKR), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give REKR a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.08.
Rekor Systems Inc (NASDAQ:REKR) trade information
The 5-day price performance for the stock is -5.52%, and 82.25% over 30 days. With these gigs, the year-to-date price performance is -1.28%. Short interest in Rekor Systems Inc (NASDAQ:REKR) saw shorts transact 15.61 million shares and set a 19.43 days time to cover.
The extremes give us $3 and $3 for target low and target high price respectively. As such, REKR has been trading -94.81% off suggested target high and -94.81% from its likely low.
Rekor Systems Inc (REKR) estimates and forecasts
Looking at statistics comparing Rekor Systems Inc share performance against respective industry, we note that the company has underperformed competitors. Rekor Systems Inc (REKR) shares are -20.21% down over the last 6 months, with its year-to-date growth rate lower than industry average at 20.83% against 25.50%. The rating firms project that company’s revenue will grow 30.79% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 12.91M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 14.14M.Earnings reports from the last fiscal year show that sales brought in 11.07M and 9.78M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 16.69% before jumping 44.62% in the following quarter.
REKR Dividends
Rekor Systems Inc has its next earnings report out in February. 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.
Rekor Systems Inc (NASDAQ:REKR)’s Major holders
Rekor Systems Inc insiders hold 6.15% of total outstanding shares, with institutional holders owning 50.95% of the shares at 54.29% float percentage. In total, 50.95% institutions holds shares in the company, led by ARCTIS GLOBAL LLC. As of 2024-06-30, the company held over 10.04 million shares (or 12.6165% of shares), all amounting to roughly $15.56 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 4.36 million shares, or about 5.4854% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $6.76 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Rekor Systems Inc (REKR) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 2.34 shares. This is just over 2.49% of the total shares, with a market valuation of $3.6 million. Data from the same date shows that the other fund manager holds a little less at 1.84, or 1.96% of the shares, all valued at about 2.83 million.
