The price of Rekor Systems Inc (NASDAQ: REKR) closed at $2.25 in the last session, down -1.75% from day before closing price of $2.29. In other words, the price has decreased by -$0.0400 from its previous closing price. On the day, 1122147 shares were traded.
Ratios:
We take a closer look at REKR’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 191.13M and an Enterprise Value of 218.07M. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.50 while its Price-to-Book (P/B) ratio in mrq is 4.66. Its current Enterprise Value per Revenue stands at 6.24 whereas that against EBITDA is -6.04.
Stock Price History:
The Beta on a monthly basis for REKR is 2.12, which has changed by 94.78% over the last 52 weeks, in comparison to a change of 28.14% over the same period for the S&P500. 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 2.5225, while the 200-Day Moving Average is calculated to be 2.8643.
Shares Statistics:
According to the various share statistics, REKR traded on average about 1.21M shares per day over the past 3-months and 2M shares per day over the past 10 days. A total of 85.32M shares are outstanding, with a floating share count of 79.95M. Insiders hold about 6.30% of the company’s shares, while institutions hold 45.71% stake in the company. Shares short for REKR as of Mar 15, 2024 were 10.92M with a Short Ratio of 9.03, 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
The company has 2 analysts who recommend its stock at the moment. 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
According to 2 analysts, the current quarter’s revenue is expected to be $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.
