While Rekor Systems Inc has overperformed by 5.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, REKR fell by -44.04%, with highs and lows ranging from $3.92 to $0.78, whereas the simple moving average jumped by 26.67% in the last 200 days.
On March 04, 2024, William Blair started tracking Rekor Systems Inc (NASDAQ: REKR) recommending Outperform. A report published by Northland Capital on February 11, 2021, Initiated its previous ‘Outperform’ rating for REKR.
Analysis of Rekor Systems Inc (REKR)
Further, the quarter-over-quarter increase in sales is 15.65%, showing a positive trend in the upcoming months.
Rekor Systems Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -124.84% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.63, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and REKR has an average volume of 3.02M. On a monthly basis, the volatility of the stock is set at 14.56%, whereas on a weekly basis, it is put at 31.70%, with a gain of 79.41% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.50, showing growth from the present price of $1.83, which can serve as yet another indication of whether REKR is worth investing in or should be passed over.
How Do You Analyze Rekor Systems Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.67%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 53.93% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
REKR shares are owned by institutional investors to the tune of 53.93% at present.
