In the latest session, Rekor Systems Inc (NASDAQ: REKR) closed at $2.35 up 2.17% from its previous closing price of $2.30. In other words, the price has increased by $+0.0500 from its previous closing price. On the day, 1090445 shares were traded. REKR stock price reached its highest trading level at $2.4600 during the session, while it also had its lowest trading level at $2.3200.
Ratios:
For a deeper understanding of Rekor Systems Inc’s stock, let’s take a closer look at its various 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.
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.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 198.35M and an Enterprise Value of 218.64M. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.85 while its Price-to-Book (P/B) ratio in mrq is 3.30. Its current Enterprise Value per Revenue stands at 7.21 whereas that against EBITDA is -7.09.
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 3.0838, while the 200-Day Moving Average is calculated to be 2.7204.
Shares Statistics:
For the past three months, REKR has traded an average of 1.01M shares per day and 1.19M over the past ten days. 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 46.67% stake in the company. Shares short for REKR as of Jan 31, 2024 were 10.17M with a Short Ratio of 10.12, compared to 9.3M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 14.71% and a Short% of Float of 16.95%.
Earnings Estimates
There are 2 different market analysts currently analyzing its stock. 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
A total of 2 analysts believe the company’s revenue will be $11.16M this quarter.It ranges from a high estimate of $11.58M to a low estimate of $10.74M. As of the current estimate, Rekor Systems Inc’s year-ago sales were $4.55M, an estimated increase of 145.30% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $13.9M, an increase of 126.40% less than the figure of $145.30% in the same quarter last year. There is a high estimate of $14.66M for the next quarter, whereas the lowest estimate is $13.15M.
A total of 2 analysts have provided revenue estimates for REKR’s current fiscal year. The highest revenue estimate was $35.45M, while the lowest revenue estimate was $34.61M, resulting in an average revenue estimate of $35.03M. In the same quarter a year ago, actual revenue was $19.92M, up 75.90% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $70.98M in the next fiscal year. The high estimate is $74.82M and the low estimate is $67.14M. The average revenue growth estimate for next year is up 102.60% from the average revenue estimate for this year.
