After finishing at $0.13 in the prior trading day, Recon Technology Ltd (NASDAQ: RCON) closed at $0.14, up 7.83%. In other words, the price has increased by $+0.0098 from its previous closing price. On the day, 540103 shares were traded.
Ratios:
Our goal is to gain a better understanding of RCON by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.16 and its Current Ratio is at 8.26. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.00.
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, Maxim Group on June 12, 2018, initiated with a Buy rating and assigned the stock a target price of $2.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RCON now has a Market Capitalization of 19.78M and an Enterprise Value of -15.15M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57 while its Price-to-Book (P/B) ratio in mrq is 0.10. Its current Enterprise Value per Revenue stands at -0.23 whereas that against EBITDA is 0.29.
Stock Price History:
Over the past 52 weeks, RCON has reached a high of $0.47, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is 0.1578, while the 200-Day Moving Average is calculated to be 0.2728.
Shares Statistics:
The stock has traded on average 232.79K shares per day over the past 3-months and 306.9k shares per day over the last 10 days, according to various share statistics. A total of 40.53M shares are outstanding, with a floating share count of 39.78M. Insiders hold about 1.86% of the company’s shares, while institutions hold 11.14% stake in the company. Shares short for RCON as of Mar 15, 2024 were 26.97k with a Short Ratio of 0.12, compared to 4.26k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.02% and a Short% of Float of 0.02%.
Earnings Estimates
Its stock is currently analyzed by 0 different market analysts. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between -$0.21 and -$0.21 for the fiscal current year, implying an average EPS of -$0.21. EPS for the following year is -$0.11, with 1 analysts recommending between -$0.11 and -$0.11.
Revenue Estimates
1 analysts predict $11.29M in revenue for the current quarter. It ranges from a high estimate of $11.29M to a low estimate of $11.29M. As of the current estimate, Recon Technology Ltd’s year-ago sales were $9.28M, an estimated increase of 21.70% from the year-ago figure.
A total of 1 analysts have provided revenue estimates for RCON’s current fiscal year. The highest revenue estimate was $11.29M, while the lowest revenue estimate was $11.29M, resulting in an average revenue estimate of $11.29M. In the same quarter a year ago, actual revenue was $9.28M, up 21.70% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $16.48M in the next fiscal year. The high estimate is $16.48M and the low estimate is $16.48M. The average revenue growth estimate for next year is up 46.00% from the average revenue estimate for this year.
