In the last trading session, 5.28 million shares of the Rekor Systems Inc (NASDAQ:REKR) were traded, and its beta was 1.73. Most recently the company’s share price was $1.60, and it changed around $0.06 or 3.90% from the last close, which brings the market valuation of the company to $150.12M. REKR currently trades at a discount to its 52-week high of $3.81, offering almost -138.12% off that amount. The share price’s 52-week low was $0.78, which indicates that the current value has risen by an impressive 51.25% since then. We note from Rekor Systems Inc’s average daily trading volume that its 10-day average is 10.08 million shares, with the 3-month average coming to 4.47 million.
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 0 rate it as Overweight. Among the rest, 0 recommended REKR as a Hold, whereas 2 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.
Rekor Systems Inc (NASDAQ:REKR) trade information
Instantly REKR has showed a green trend with a performance of 3.90% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.7199 on recent trading dayincreased the stock’s daily price by 6.97%. The company’s shares are currently up 2.56% year-to-date, but still down -12.09% over the last five days. On the other hand, Rekor Systems Inc (NASDAQ:REKR) is 92.77% up in the 30-day period. We can see from the shorts that 15.61 million shares have been sold at a short interest cover period of 19.43 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 46.67% 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 not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -12.57 percent over the past six months and at a 20.83% annual growth rate that is well below the industry average of 26.80%. The year-over-year growth rate is expected to be 30.79%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 12.91M in revenue for the current quarter. 1 analysts expect Rekor Systems Inc to make 14.14M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 11.07M and 9.78M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 16.69%. Forecasts for the next quarter put sales growth at 44.62%.
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 in February.
Rekor Systems Inc (NASDAQ:REKR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.15% of Rekor Systems Inc shares, and 50.95% of them are in the hands of institutional investors. The stock currently has a share float of 54.29%. Rekor Systems Inc stock is held by 121.0 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 Sep 30, 2024 . The former held 2.34 shares worth $3.74 million, making up 2.49% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.84 shares worth around $2.94 million, which represents about 1.96% of the total shares outstanding.
