In yesterday’s Wall Street session, Rekor Systems Inc (NASDAQ:REKR) shares traded at $2.08, up 32.48% from the previous session.
REKR stock price is now 74.98% away from the 50-day moving average and 46.14% away from the 200-day moving average. The market capitalization of the company currently stands at $195.16M.
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 $25.61 million. A total of 7.67% of the company’s stock is owned by insiders.
During the past 12 months, Rekor Systems Inc has had a low of $0.78 and a high of $3.78. As of last week, the company has a debt-to-equity ratio of 0.80, a current ratio of 0.76, and a quick ratio of 0.63. The fifty day moving average price for REKR is $1.1697 and a two-hundred day moving average price translates $1.424925 for the stock.
The latest earnings results from Rekor Systems Inc (NASDAQ: REKR) was released for 2024-06-30. The net profit margin was -119.54% and return on equity was -124.84% for REKR. The company reported revenue of $10.55 million for the quarter, compared to $9.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.65 percent. For the current quarter, analysts expect REKR to generate $12.91M in revenue.
