In the last trading session, 6.18 million Rekor Systems Inc (NASDAQ:REKR) shares changed hands as the company’s beta touched 1.76. With the company’s per share price at $1.60 changed hands at -$0.1 or -5.88% during last session, the market valuation stood at $168.64M. REKR’s last price was a discount, traded about -69.37% off its 52-week high of $2.71. The share price had its 52-week low at $0.78, which suggests the last value was 51.25% up since then.
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. Rekor Systems Inc’s EPS for the current quarter is expected to be -0.08.
Rekor Systems Inc (NASDAQ:REKR) trade information
Instantly REKR was in red as seen at the end of in last trading. With action -16.67%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 2.56%, with the 5-day performance at -16.67% in the red. However, in the 30-day time frame, Rekor Systems Inc (NASDAQ:REKR) is -20.40% down.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 46.67% from its current 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 -87.5% plunge from its current level, while the stock would need to soar -87.5% for it to hit the projected low.
Rekor Systems Inc (REKR) estimates and forecasts
Year-over-year growth is forecast to reach 30.79% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 12.91M. 1 analysts are of the opinion that Rekor Systems Inc’s revenue for the current quarter will be 14.14M. The company’s revenue for the corresponding quarters a year ago was 11.07M and 9.78M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.69%. The estimates for the next quarter sales put growth at 44.62%.
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 2025 estimates are for Rekor Systems Inc earnings to increase by 23.61%, but the outlook for the next 5-year period is at 40.07% per year.
REKR Dividends
Rekor Systems Inc is expected to release its next quarterly earnings report in March.
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 $3.74 million under it, the former controlled 2.49% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.12% of the shares, roughly 1.99 shares worth around $3.19 million.
