As of close of business last night, Rekor Systems Inc’s stock clocked out at $2.30, down -1.29% from its previous closing price of $2.33. In other words, the price has decreased by -$0.0300 from its previous closing price. On the day, 947623 shares were traded.
Ratios:
To gain a deeper understanding of REKR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.47. In the meantime, Its Debt-to-Equity ratio is 1.27 whereas as Long-Term Debt/Eq ratio is at 1.18.
On February 11, 2021, Northland Capital started tracking the stock assigning a Outperform rating and target price of $24.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 25 ’23 when BERMAN ROBERT ALAN bought 10,000 shares for $3.45 per share. The transaction valued at 34,455 led to the insider holds 1,135,219 shares of the business.
Arctis Global LLC bought 100,000 shares of REKR for $310,800 on Aug 18 ’23. The 10% Owner now owns 9,647,491 shares after completing the transaction at $3.11 per share. On Aug 18 ’23, another insider, BERMAN ROBERT ALAN, who serves as the Chief Executive Officer of the company, bought 25,000 shares for $3.14 each. As a result, the insider paid 78,425 and bolstered with 1,025,219 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, REKR now has a Market Capitalization of 195.39M and an Enterprise Value of 222.34M. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.62 while its Price-to-Book (P/B) ratio in mrq is 4.77. Its current Enterprise Value per Revenue stands at 6.36 whereas that against EBITDA is -6.16.
Stock Price History:
Over the past 52 weeks, REKR has reached a high of $4.15, while it has fallen to a 52-week low of $1.00. The 50-Day Moving Average of the stock is 2.4233, while the 200-Day Moving Average is calculated to be 2.8290.
Shares Statistics:
It appears that REKR traded 1.23M shares on average per day over the past three months and 1.48M shares per day over the past ten days. A total of 85.32M shares are outstanding, with a floating share count of 80.03M. Insiders hold about 6.21% of the company’s shares, while institutions hold 45.72% stake in the company. Shares short for REKR as of Mar 15, 2024 were 10.92M with a Short Ratio of 8.85, compared to 9.74M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.94% and a Short% of Float of 14.50%.
Earnings Estimates
As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.11, while EPS last year was -$0.23. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.06 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.26 and -$0.31 for the fiscal current year, implying an average EPS of -$0.28. EPS for the following year is -$0.18, with 2 analysts recommending between -$0.17 and -$0.19.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $13.02M. It ranges from a high estimate of $13.05M to a low estimate of $13M. As of the current estimate, Rekor Systems Inc’s year-ago sales were $6.14M, an estimated increase of 112.10% from the year-ago figure.
A total of 2 analysts have provided revenue estimates for REKR’s current fiscal year. The highest revenue estimate was $66.64M, while the lowest revenue estimate was $65.5M, resulting in an average revenue estimate of $66.07M. In the same quarter a year ago, actual revenue was $34.93M, up 89.10% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $88.74M in the next fiscal year. The high estimate is $89.28M and the low estimate is $88.2M. The average revenue growth estimate for next year is up 34.30% from the average revenue estimate for this year.
