Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $2.95 in the prior trading day, Recon Technology Ltd (NASDAQ: RCON) closed at $2.26, down -23.45%. In other words, the price has decreased by -$23.45 from its previous closing price. On the day, 39.37 million shares were traded. RCON stock price reached its highest trading level at $7.16 during the session, while it also had its lowest trading level at $1.85.
Ratios:
Our goal is to gain a better understanding of RCON by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.16 and its Current Ratio is at 9.19. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Maxim Group on June 12, 2018, initiated with a Buy rating and assigned the stock a target price of $2.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RCON now has a Market Capitalization of 69217920 and an Enterprise Value of -55519496. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.58 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at -0.845 whereas that against EBITDA is 0.765.
Stock Price History:
The Beta on a monthly basis for RCON is 1.74, which has changed by 0.2625698 over the last 52 weeks, in comparison to a change of 0.15366066 over the same period for the S&P500. Over the past 52 weeks, RCON has reached a high of $3.70, while it has fallen to a 52-week low of $1.40. The 50-Day Moving Average of the stock is -5.85%, while the 200-Day Moving Average is calculated to be 2.24%.
Shares Statistics:
The stock has traded on average 107.38K shares per day over the past 3-months and 3995470 shares per day over the last 10 days, according to various share statistics. A total of 10.63M shares are outstanding, with a floating share count of 4.77M. Insiders hold about 55.12% of the company’s shares, while institutions hold 0.23% stake in the company. Shares short for RCON as of 1752537600 were 212952 with a Short Ratio of 1.98, compared to 1749772800 on 2684. Therefore, it implies a Short% of Shares Outstanding of 212952 and a Short% of Float of 2.11.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
Revenue Estimates
A total of 1 analysts have provided revenue estimates for RCON’s current fiscal year. The highest revenue estimate was $10.2M, while the lowest revenue estimate was $10.2M, resulting in an average revenue estimate of $10.2M. In the same quarter a year ago, actual revenue was $9.67MBased on 1 analysts’ estimates, the company’s revenue will be $11.4M in the next fiscal year. The high estimate is $11.4M and the low estimate is $11.4M.
