A share price of Recon Technology Ltd [RCON] is currently trading at $0.15, up 6.40%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RCON shares have gain 8.74% over the last week, with a monthly amount drifted -11.67%, and not seem to be holding up well over a long-time horizon.
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On 11, March 2024, Recon Technology Secures US$3 Million in Contracts with Newly Developed Customer for Electronic Components and Materials. In a post published today on Yahoo Finance, Recon Technology Ltd (“Recon” or the “Company”), a China-based provider of oilfield services and low-carbon energy services, today announced two recently awarded bids from a newly developed oilfield-industry customer for the supply of electronic components and materials used in oilfield production. The total value of these contracts exceeds US$3 million and represents a significant milestone for the Company.
From an analyst’s perspective:
Recon Technology Ltd [NASDAQ: RCON] stock has seen the most recent analyst activity on June 12, 2018, when Maxim Group initiated its Buy rating and assigned the stock a price target of $2.50.
Recon Technology Ltd experienced fluctuations in its stock price throughout the past year between $0.12 and $0.47. Recon Technology Ltd [NASDAQ: RCON] shares were valued at $0.15 at the most recent close of the market.
Analyzing the RCON fundamentals
Trailing Twelve Months sales for Recon Technology Ltd [NASDAQ:RCON] were 9.63M which represents -0.22% decline. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at -1.02%, Pretax Profit Margin comes in at -0.92%, and Net Profit Margin reading is -0.88%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.02 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.1397 points at the first support level, and at 0.1313 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.1557, and for the 2nd resistance point, it is at 0.1633.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Recon Technology Ltd [NASDAQ:RCON] is 8.26. In addition, the Quick Ratio stands at 8.16 and the Cash Ratio stands at 1.71. Considering the valuation of this stock, the price to sales ratio is 0.62, the price to book ratio is 0.11.
