The stock of Rekor Systems Inc (NASDAQ:REKR) last traded at $1.41, down -3.08% from the previous session.
REKR stock price is now 43.83% away from the 50-day moving average and 16.44% away from the 200-day moving average. The market capitalization of the company currently stands at $167.08M.
On February 11, 2021, Northland Capital recently initiated its ‘Outperform’ rating on the stock quoting a target price of $24
In other news, Arctis Global LLC, 10% Owner bought 2,275,000 shares of the company’s stock on Jul 05 ’24. The stock was bought for $3,185,000 at an average price of $1.40. Upon completion of the transaction, the 10% Owner now directly owns 12,312,491 shares in the company, valued at $17.36 million. A total of 5.08% of the company’s stock is owned by insiders.
During the past 12 months, Rekor Systems Inc has had a low of $0.62 and a high of $2.67. As of last week, the company has a debt-to-equity ratio of 0.92, a current ratio of 1.18, and a quick ratio of 0.93.
The net profit margin was -118.09% and return on equity was -121.54% for REKR. The company reported revenue of $9.2 million for the quarter, compared to $9.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.93 percent.
