The closing price of Rekor Systems Inc (NASDAQ: REKR) was $2.10 for the day, up 1.94% from the previous closing price of $2.06. In other words, the price has increased by $+0.0400 from its previous closing price. On the day, 1310632 shares were traded. REKR stock price reached its highest trading level at $2.1299 during the session, while it also had its lowest trading level at $2.0100.
Ratios:
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 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:
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 ’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 177.25M and an Enterprise Value of 197.54M. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.24 while its Price-to-Book (P/B) ratio in mrq is 2.95. Its current Enterprise Value per Revenue stands at 6.51 whereas that against EBITDA is -6.41.
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 2.8319, while the 200-Day Moving Average is calculated to be 2.7936.
Shares Statistics:
REKR traded an average of 1.02M shares per day over the past three months and 1M shares per day over the past ten days. A total of 84.40M shares are outstanding, with a floating share count of 79.06M. Insiders hold about 6.33% of the company’s shares, while institutions hold 46.21% stake in the company. Shares short for REKR as of Feb 29, 2024 were 10.78M with a Short Ratio of 10.59, compared to 10.17M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.77% and a Short% of Float of 14.32%.
Earnings Estimates
The firm’s stock currently is rated by 3 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 -$0.66 and -$0.69 for the fiscal current year, implying an average EPS of -$0.67. EPS for the following year is -$0.28, with 3 analysts recommending between -$0.24 and -$0.31.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. 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.
