Rekor Systems Inc (NASDAQ:REKR) has a beta value of 1.76 and has seen 7.17 million shares traded in the last trading session. The company, currently valued at $176.39M, closed the last trade at $1.88 per share which meant it lost -$0.13 on the day or -6.47% during that session. The REKR stock price is -101.06% off its 52-week high price of $3.78 and 58.51% above the 52-week low of $0.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.79 million shares traded. The 3-month trading volume is 5.56 million shares.
The consensus among analysts is that Rekor Systems Inc (REKR) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.08.
Rekor Systems Inc (NASDAQ:REKR) trade information
Sporting -6.47% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the REKR stock price touched $1.88 or saw a rise of 15.32%. Year-to-date, Rekor Systems Inc shares have moved 20.51%, while the 5-day performance has seen it change 22.08%. Over the past 30 days, the shares of Rekor Systems Inc (NASDAQ:REKR) have changed 129.16%. Short interest in the company has seen 15.61 million shares shorted with days to cover at 19.43.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 37.33% from current levels. The projected low price target is $3.0 while the price target rests at a high of $3.0. In that case, then, we find that the current price level is -59.57% off the targeted high while a plunge would see the stock gain -59.57% from current levels.
Rekor Systems Inc (REKR) estimates and forecasts
Figures show that Rekor Systems Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 8.05% over the past 6 months, with this year growth rate of 20.83%, compared to 25.80% for the industry. Revenue growth from the last financial year stood is estimated to be 30.79%.
2 analysts offering their estimates for the company have set an average revenue estimate of 12.91M for the current quarter. 1 have an estimated revenue figure of 14.14M for the next ending quarter. Year-ago sales stood 11.07M and 9.78M respectively for this quarter and the next, and analysts expect sales will grow by 16.69% for the current quarter and 30.79% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -10.32% over the past 5 years.
REKR Dividends
Rekor Systems Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Rekor Systems Inc (NASDAQ:REKR)’s Major holders
Insiders own 6.15% of the company shares, while shares held by institutions stand at 50.95% with a share float percentage of 54.29%. Investors are also buoyed by the number of investors in a company, with Rekor Systems Inc having a total of 121.0 institutions that hold shares in the company. The top two institutional holders are ARCTIS GLOBAL LLC with over 10.04 million shares worth more than $15.56 million. As of 2024-06-30, ARCTIS GLOBAL LLC held 12.6165% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 4.36 million shares as of 2024-06-30. The firm’s total holdings are worth over $6.76 million and represent 5.4854% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Sep 30, 2024 , the former fund manager holds about 2.49% shares in the company for having 2.34 shares of worth $4.4 million while later fund manager owns 1.84 shares of worth $3.45 million as of Oct 31, 2024 , which makes it owner of about 1.96% of company’s outstanding stock.
