In recent trading session, Rekor Systems Inc (NASDAQ:REKR) saw 3.07 million shares changing hands at last check today with its beta currently measuring 1.73. Company’s recent per share price level of $1.84 trading at $0.22 or 13.27% at last check today assigns it a market valuation of $172.17M. That most recent trading price of REKR’s stock is at a discount of -90.76% from its 52-week high price of $3.51 and is indicating a premium of 57.61% from its 52-week low price of $0.78. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.97 million shares which gives us an average trading volume of 5.88 million if we extend that period to 3-months.
For Rekor Systems Inc (REKR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.08 in the current quarter.
Rekor Systems Inc (NASDAQ:REKR) trade information
Upright in the green today for gaining 13.27%, in the last five days REKR remained trading in the red while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $1.84 price level, adding 10.68% to its value on the day. Rekor Systems Inc’s shares saw a change of 17.63% in year-to-date performance and have moved -8.71% in past 5-day. Rekor Systems Inc (NASDAQ:REKR) showed a performance of 41.15% in past 30-days. Number of shares sold short was 15.61 million shares which calculate 19.43 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 38.67% to its recent value today. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 3. It follows that stock’s current price would drop -63.04% in reaching the projected high whereas dropping to the targeted low would mean a loss of -63.04% for stock’s current value.
Rekor Systems Inc (REKR) estimates and forecasts
Statistics highlight that Rekor Systems Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 1.94% of value to its shares in past 6 months, showing an annual growth rate of 20.83% while that of industry is 26.20. Apart from that, the company came raising its revenue forecast for fiscal year 2025. This year revenue growth is estimated to rise 30.79% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 12.91M for the same. And 1 analysts are in estimates of company making revenue of 14.14M in the next quarter. Company posted 11.07M and 9.78M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -10.32% during past 5 years.
Rekor Systems Inc (NASDAQ:REKR)’s Major holders
Insiders are in possession of 6.15% of company’s total shares while institution are holding 50.95 percent of that, with stock having share float percentage of 54.29%. Investors also watch the number of corporate investors in a company very closely, which is 50.95% institutions for Rekor Systems Inc that are currently holding shares of the company. ARCTIS GLOBAL LLC is the top institutional holder at REKR for having 10.04 million shares of worth $15.56 million. And as of 2024-06-30, it was holding 12.6165 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 4.36 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.4854 of outstanding shares, having a total worth of $6.76 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 2.34 shares of worth $4.19 million or 2.49% of the total outstanding shares. The later fund manager was in possession of 1.99 shares on Nov 30, 2024, making its stake of worth around $3.57 million in the company or a holder of 2.12% of company’s stock.
