Rekor Systems Inc. (NASDAQ: REKR): Analyst View Points To Future Growth


    After grabbing 2.41 million shares, the institutional investor is now in possession of 2.41 million shares of the Industrials Company. The new investment brought the stake of investor firm to 8.83% having worth around $9.56 million. Moreover, The Vanguard Group, Inc. increased its share by 80334.0 to have a control over 0.61 million shares. And BlackRock Fund Advisors raised its holdings to 32461.0 shares by acquiring 41466.0 shares or 0.15% of the stake.

    Rekor Systems Inc. (REKR) concluded trading on 08/27/20 at a closing price of $6.74, with 5.86 million shares of worth about $39.52 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 48.13% during that period and on Thursday the price saw a gain of about 25.98%. Currently the company’s common shares owned by public are about 22.83M shares, out of which, 17.74M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analyst is covering the REKR stock and their offered price forecasts bring an average price target of $6.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $6.00 and could fall to a lowest price of $6.00. The stock’s current price level is -12.33% below of average price target set by the analysts, while a dip to estimated low would result in loss of -12.33 for the stock. However, touching the estimated high of $6.00 would mean a loss of -12.33% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 5 times over the past 12 months. They bought 606,669 shares in 5 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

    Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Rekor Systems Inc. Vanguard Total Stock Market Index is currently holding 0.49 million shares of worth totaling $1.95 million. The company recently came buying 0.0 shares which brought its stake up to 1.80% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after buying 53118.0 shares, have now control over 0.20% of the stake in the company. It holds 0.0 shares of worth $0.21 million.

    Rekor Systems Inc. (NASDAQ: REKR) started trading at $5.33, below -$0.02 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $6.74, or with a gain of 25.98%. Stock saw a price change of 48.13% in past 5 days and over the past one month there was a price change of 79.26%. Year-to-date (YTD), REKR shares are showing a performance of 76.44% which increased to 106.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.85 but also hit the highest price of $5.43 during that period. While comparing its average daily trading volume of 113.91K shares, we see that about 5.86 million changed hands on the day. The stock is currently trading 58.29% above its 20-day simple moving average (SMA20), while that difference is up 69.82% for SMA50 and it goes to 85.84% higher than SMA200.

    Cedarview Capital Management LP acquired 2.41 million shares of Rekor Systems Inc. having value of about $9.56 million. Rekor Systems Inc. (NASDAQ: REKR) currently have 22.83M outstanding shares and institutions hold larger chunk of about 12.10% of that. Holding of mutual funds in the company is about 26.33% while other institutional holders and individual stake holders have control over 9.43% and 2.77% of the stake respectively.

    The stock has a current market capitalization of $182.38M. It has posted earnings per share of -$0.58 in the same period. It has Quick Ratio of 0.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for REKR, volatility over the week remained 13.47% while standing at 9.04% over the month.

    Analysts are in expectations that Rekor Systems Inc. (REKR) stock would likely to be making an EPS of -$0.06 in the current quarter, while forecast for next quarter ESPS is -$0.03 and it is $0.05 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.06 which is -$0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -76.30% while it is estimated to increase by 113.20% in next year.

    Analysts at 1 brokerage firms have issued recommendations for the Rekor Systems Inc. (REKR)’s stock out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.


    Please enter your comment!
    Please enter your name here