Rekor Systems Inc (NASDAQ: REKR) closed the day trading at $2.33 down -8.63% from the previous closing price of $2.55. In other words, the price has decreased by -$0.2200 from its previous closing price. On the day, 1296612 shares were traded. REKR stock price reached its highest trading level at $2.5200 during the session, while it also had its lowest trading level at $2.3000.
Ratios:
For a better understanding of REKR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.01 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.56.
On February 11, 2021, Northland Capital started tracking the stock assigning a Outperform rating and target price of $24.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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.
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 196.66M and an Enterprise Value of 216.95M. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.80 while its Price-to-Book (P/B) ratio in mrq is 3.27. Its current Enterprise Value per Revenue stands at 7.15 whereas that against EBITDA is -7.04.
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 3.0275, while the 200-Day Moving Average is calculated to be 2.7543.
Shares Statistics:
Over the past 3-months, REKR traded about 1.02M shares per day on average, while over the past 10 days, REKR traded about 1.17M shares per day. A total of 82.90M shares are outstanding, with a floating share count of 75.69M. Insiders hold about 8.71% of the company’s shares, while institutions hold 46.58% stake in the company. Shares short for REKR as of Feb 15, 2024 were 9.74M with a Short Ratio of 9.54, compared to 9.53M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.53% and a Short% of Float of 12.93%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.14, while EPS last year was -$0.13. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.08 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.67 and -$0.69 for the fiscal current year, implying an average EPS of -$0.68. EPS for the following year is -$0.26, with 2 analysts recommending between -$0.24 and -$0.29.
Revenue Estimates
3 analysts predict $11.01M in revenue for the current quarter. It ranges from a high estimate of $11.58M to a low estimate of $10.7M. As of the current estimate, Rekor Systems Inc’s year-ago sales were $4.55M, an estimated increase of 142.00% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $13.61M, an increase of 121.70% less than the figure of $142.00% in the same quarter last year. There is a high estimate of $14.66M for the next quarter, whereas the lowest estimate is $13.02M.
A total of 3 analysts have provided revenue estimates for REKR’s current fiscal year. The highest revenue estimate was $35.45M, while the lowest revenue estimate was $34.6M, resulting in an average revenue estimate of $34.89M. In the same quarter a year ago, actual revenue was $19.92M, up 75.20% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $68.92M in the next fiscal year. The high estimate is $74.82M and the low estimate is $64.79M. The average revenue growth estimate for next year is up 97.50% from the average revenue estimate for this year.
