MBOT Stock
MBOT Stock

With the current price of $6.74, the stock of Rekor Systems, Inc. (NASDAQ:REKR) concluded the trading session seeing its price rise by 1.39 points or at a gain of 25.98% compared to its previous day’s closing price of $5.35. About 5.835 million shares of the stock changed hands on the day. The trading volume of REKR’s shares during the past session compares with the stock’s average daily trading volume of 0.114 million shares. On the other hand, a float of 17.74 million shares and a weekly performance of 48.13% make the stock worth to keep an eye on. Analysts are in agreement on an annual target price of $6 for REKR’s share which suggests that the stock, price of which is currently buoying between $5.27 and $7, is prone to a loss of -10.98%. But still, there are some analysts recommending a price below the agreed average price and one of them has given a target price of $6 to the stock.

The latest data released on August 14, 2020 shows that the short float in the Rekor Systems, Inc.’s stock is trending downward as short interest in REKR shares turned down leaving more number of shares available to public for trading. Number of shares shorted in the REKR is currently comprised of 0.67% of the float as the volume of shorted shares declined by -7835 shares. Over the past two weeks, stock’s short interests improved as number of shorted shares reduced to 111223 shares from the previous figure of 119058 shares. Stock’s average intraday volume is now standing at 91463 shares which indicate that the days to cover the shorts are nearly 1.216044.

After concluding the day’s trading, price of Rekor Systems, Inc. (NASDAQ:REKR) is up $2.19 over the week and it is $2.72 above 20-day average price. The highest price touched by the stock on the day was lower than 52-week high price of $7 that was attained on 08/27/20.

The stock has traded as low as $1.85 in past 52-week, and its current price is 264.32% above from that 52-week low price mark recorded on 10/21/19, which is an indicator that could increase the investors’ motivation level in taking advantage of price surge the stock has currently been going through. Stock currently has its beta at 0. A beta value of more than 1 represents higher volatility of a stock than that of the market and for the reason investors closely watch the behavior of such stock.

Current indicators are pointing at 86.47 as 14-days RSI of Rekor Systems, Inc. This means that the REKR is currently in an oversold territory and its share’s price movement is likely to be shaky for a while. Similarly, the stochastic oscillator is indicating a momentum of 93.46%, implying stock’s share price is buoying in an oversold state.

Technical chart is showing 1st resistance point of $7.4 for the REKR’s share while placing it at a 2nd resistance point of $8.07 to be settled at. But if the stock takes a plunge lower than the 1st support price of $5.67 then its market would become weakened. And that would likely sliding the stock price down to 2nd support price level of $4.61.

MACD oscillator is showing a reading of 0.82 for the stock which means that it is currently in the green zone. Any movement above or below the zero level of the indicator has always being noticed by the investors as it makes them compare the stock’s average measure in short-term with that in the long-term. An MACD evaluation of more than zero means that stock has a stronger short-term average than long-term average, which implies that stock’s price is likely to climb up. But an MACD below zero indicates weaker short-term average compare to the long-term average.

The average rating of 2 for REKR is placing the stock in bullish category at the moment. In a poll by Reuters including 1 analysts in it who kept tracking the Rekor Systems, Inc., 0 rated the stock as hold. Others were in different opinions for the REKR. Out of remaining 1 analysts, 1 rated the stock as a buy or strong buy. 0 were in favor of a sell rating for the stock while advising investors to shun the stock if they already have any or otherwise not to buy it.

A quick look at other side of the picture shows that REKR stock is ahead of earnings per share estimates with a forward price-to-earnings ratio of 134.8. Stock’s current price-to-sales (P/S) ratio of 0 is at the rear of industry’s average P/S ratio of 40.2. A comparison of Rekor Systems, Inc.’s trailing 12-months P/E ratio of 0 implies that it is trading above the industry’s average P/E ratio, which currently is 13.6.


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