At the time of writing, Rekor Systems Inc [REKR] stock is trading at $1.94, up 2.11%. An important factor to consider is whether the stock is rising or falling in short-term value. The REKR shares have gain 11.49% over the last week, with a monthly amount glided 24.36%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Northland Capital started tracking the stock with Outperform rating on February 11, 2021, and set its price target to $24.
For the past year, the stock price of Rekor Systems Inc fluctuated between $1.28 and $4.15. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Rekor Systems Inc [NASDAQ: REKR] shares were valued at $1.94 at the most recent close of the market. An investor can expect a potential return of 54.64% based on the average REKR price forecast.
Analyzing the REKR fundamentals
According to Rekor Systems Inc [NASDAQ:REKR], the company’s sales were 38.53M for trailing twelve months, which represents an 58.09% jump. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at -0.7%, Pretax Profit Margin comes in at -1.34%, and Net Profit Margin reading is -1.29%. To continue investigating profitability, this company’s Return on Assets is posted at -0.46, Equity is -1.14 and Total Capital is -0.31. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.
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 1.8683 points at the first support level, and at 1.7967 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9783, and for the 2nd resistance point, it is at 2.0167.
Ratios To Look Out For
It is important to note that Rekor Systems Inc [NASDAQ:REKR] has a current ratio of 1.26. On the other hand, the Quick Ratio is 1.07, and the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 4.30, the price to book ratio is 3.01.
Transactions by insiders
Recent insider trading involved Arctis Global LLC, 10% Owner, that happened on Jul 05 ’24 when 2.27 million shares were purchased. Chief Executive Officer, BERMAN ROBERT ALAN completed a deal on Aug 25 ’23 to buy 10000.0 shares. Meanwhile, 10% Owner Arctis Global LLC bought 100000.0 shares on Aug 18 ’23.
