In yesterday’s Wall Street session, Rekor Systems Inc (NASDAQ:REKR) shares traded at $1.38, down -24.18% from the previous session.
REKR stock price is now -31.18% away from the 50-day moving average and -49.63% away from the 200-day moving average. The market capitalization of the company currently stands at $117.74M.
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On February 11, 2021, Northland Capital recently initiated its ‘Outperform’ rating on the stock quoting a target price of $24
In other news, BERMAN ROBERT ALAN, Chief Executive Officer bought 10,000 shares of the company’s stock on Aug 25 ’23. The stock was bought for $34,455 at an average price of $3.45. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,135,219 shares in the company, valued at $1.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 18 ’23, 10% Owner Arctis Global LLC bought 100,000 shares of the business’s stock. A total of $310,800 was incurred on buying the stock at an average price of $3.11. This leaves the insider owning 9,647,491 shares of the company worth $13.31 million. A total of 6.03% of the company’s stock is owned by insiders.
During the past 12 months, Rekor Systems Inc has had a low of $1.19 and a high of $4.15. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 1.26, and a quick ratio of 1.07.
The net profit margin was -128.85% and return on equity was -92.84% for REKR. The company reported revenue of $9.78 million for the quarter, compared to $6.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 58.09 percent.
