The closing price of Rekor Systems Inc. (NASDAQ: REKR) was $3.35 for the day, down -0.59% from the previous closing price of $3.37. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 1669908 shares were traded. REKR stock price reached its highest trading level at $3.4900 during the session, while it also had its lowest trading level at $3.2700.
Our analysis of REKR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.25.
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, Northland Capital on February 11, 2021, initiated with a Outperform rating and assigned the stock a target price of $24.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 25 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. The 10% Owner now owns 9,647,491 shares after completing the transaction at $3.11 per share. On Aug 18, 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.
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 231.71M and an Enterprise Value of 255.49M. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.70 while its Price-to-Book (P/B) ratio in mrq is 4.93. Its current Enterprise Value per Revenue stands at 9.13 whereas that against EBITDA is -3.63.
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 $0.56. The 50-Day Moving Average of the stock is 3.1228, while the 200-Day Moving Average is calculated to be 1.8470.
REKR traded an average of 1.02M shares per day over the past three months and 1.36M shares per day over the past ten days. A total of 68.95M shares are outstanding, with a floating share count of 63.34M. Insiders hold about 1.70% of the company’s shares, while institutions hold 38.90% stake in the company. Shares short for REKR as of Aug 30, 2023 were 5.25M with a Short Ratio of 5.25M, compared to 3.49M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 7.61% and a Short% of Float of 8.78%.
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of -$0.15 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.17, while EPS last year was -$0.9. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.1 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.64 and -$0.67 for the fiscal current year, implying an average EPS of -$0.65. EPS for the following year is -$0.31, with 2 analysts recommending between -$0.25 and -$0.38.
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $11.99M to a low estimate of $10.29M. As of the current estimate, Rekor Systems Inc.’s year-ago sales were $7.42M, an estimated increase of 50.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $15.89M, an increase of 249.30% over than the figure of $50.00% in the same quarter last year. There is a high estimate of $18.28M for the next quarter, whereas the lowest estimate is $13.51M.
A total of 2 analysts have provided revenue estimates for REKR’s current fiscal year. The highest revenue estimate was $45.01M, while the lowest revenue estimate was $38.54M, resulting in an average revenue estimate of $41.78M. In the same quarter a year ago, actual revenue was $19.92M, up 109.70% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $73.51M in the next fiscal year. The high estimate is $89.95M and the low estimate is $57.08M. The average revenue growth estimate for next year is up 75.90% from the average revenue estimate for this year.