Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Rekor Systems Inc (NASDAQ: REKR) was $1.03 for the day, up 0.98% from the previous closing price of $1.02. In other words, the price has increased by $0.98 from its previous closing price. On the day, 2.5 million shares were traded.
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 0.86 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 0.95 whereas as Long-Term Debt/Eq ratio is at 0.82.
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 Jul 05 ’24 when Arctis Global LLC bought 2,275,000 shares for $1.40 per share. The transaction valued at 3,185,000 led to the insider holds 12,312,491 shares of the business.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.48 while its Price-to-Book (P/B) ratio in mrq is 3.15.
Stock Price History:
Over the past 52 weeks, REKR has reached a high of $2.67, while it has fallen to a 52-week low of $0.62. The 50-Day Moving Average of the stock is -3.86%, while the 200-Day Moving Average is calculated to be -20.12%.
Shares Statistics:
A total of 110.91M shares are outstanding, with a floating share count of 105.28M. Insiders hold about 5.08% of the company’s shares, while institutions hold 44.57% stake in the company.
