A Look at Rekor Systems Inc (REKR) Shares in the Recent Past Indicates Growth

With 1.31 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.36 shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $2.7600 whereas the lowest price it dropped to was $2.6200. The 52-week range on REKR shows that it touched its highest point at $4.15 and its lowest point at $1.00 during that stretch. It currently has a 1-year price target of $4.50. Beta for the stock currently stands at 2.20.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of REKR was down-trending over the past week, with a drop of -11.86%, but this was down by -21.65% over a month. Three-month performance surged to 1.85% while six-month performance rose 7.00%. The stock gained 49.46% in the past year, while it has lost -17.42% so far this year. A look at the trailing 12-month EPS for REKR yields -0.70 with Next year EPS estimates of -0.32. For the next quarter, that number is -0.12. This implies an EPS growth rate of 59.52% for this year and 52.94% for next year.

Float and Shares Shorts:

At present, 69.15 million REKR shares are outstanding with a float of 63.13 million shares on hand for trading. On Jan 31, 2024, short shares totaled 10.17 million, which was 14.71% higher than short shares on Dec 29, 2023. In addition to REKR as the firm’s Rekor Systems, Inc., REXR serves as its Rexford Industrial Realty, Inc..

Institutional Ownership:

Through their ownership of 43.54% of REKR’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for REKR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With REKR analysts setting a high price target of $4.50 and a low target of $4.50, the average target price over the next 12 months is $4.50. Based on these targets, REKR could surge 63.64% to reach the target high and rise by 63.64% to reach the target low. Reaching the average price target will result in a growth of 63.64% from current levels.

Summary of Insider Activity:

Insiders traded REKR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 3,927,850 while 1,011,037 shares were sold.