In a filing, Rekor Systems Inc. revealed its 10% Owner Arctis Global LLC acquired Company’s shares for reported $0.52 million on Jun 16. In the deal valued at $2.15 per share,243,902 shares were bought. As a result of this transaction, Arctis Global LLC now holds 6,089,591 shares worth roughly $ 14.01 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free.
Then, Hen Eyal bought 1,000 shares, generating $6,200 in total proceeds. Upon buying the shares at $6.20, the CFO now owns 59,034 shares.
Before that, Hen Eyal bought 2,000 shares. Rekor Systems Inc. shares valued at $12,880 were divested by the CFO at a price of $6.44 per share. As a result of the transaction, Hen Eyal now holds 58,034 shares, worth roughly $0.13 million.
Taking this into account, Northland Capital initiated its Rekor Systems Inc. [REKR] rating to an Outperform in a research note published on Tuesday, February 11, 2021; the price target was $24. PT values the company’s stock at a premium of 90.42 to its Tuesday closing price.
Price Performance Review of REKR
On Tuesday, Rekor Systems Inc. [NASDAQ:REKR] saw its stock jump 9.52% to $2.30. On the same session, the stock had its day’s lowest price of $2.09, but rose to a high of $2.39. Over the last five days, the stock has gained 14.43%. Rekor Systems Inc. shares have fallen nearly -64.89% since the year began. Nevertheless, the stocks have fallen -78.42% over the past one year. While a 52-week high of $14.31 was reached on 01/04/22, a 52-week low of $1.92 was recorded on 06/14/22. SMA at 50 days reached $2.78, while 200 days put it at $6.31. A total of 3.49 million shares were traded, compared to the trading of 1.1 million shares in the previous session.
Levels Of Support And Resistance For REKR Stock
The 24-hour chart illustrates a support level at 2.13, which if violated will result in even more drops to 1.96. On the upside, there is a resistance level at 2.43. A further resistance level may holdings at 2.56. The Relative Strength Index (RSI) on the 14-day chart is 46.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.11%. Stochastics %K at 23.13% indicates the stock is a holding.
How much short interest is there in Rekor Systems Inc.?
A steep rise in short interest was recorded in Rekor Systems Inc. stocks on Apr 28, 2022, growing by 0.22 million shares to a total of 6.09 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 5.87 million shares. There was a rise of 3.61%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.27% of the overall stock float, the days-to-cover ratio (short ratio) rose to 10.89.
Rekor Systems Inc. [REKR] – Who Are The Largest Shareholders?
In filings from Arctis Management UK Ltd., it is revealed that the company now owns 4,811,155 shares, or roughly 10.35% of the outstanding REKR shares. In other words, the investor’s shares have risen by 752,672 from its previous 13-F filing of 4058483.0. Additionally, Goldman Sachs & Co. LLC increased 7.39% of its stake after which the total value it holdings stand at $6,505,241, while BlackRock Fund Advisors reduced -0.24% of its stake to hold $5.45 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 321,341 shares of Rekor Systems Inc., while D. Scott Neal, Inc. bought 0 shares. At present, SSgA Funds Management, Inc. is holding 1,173,300 shares valued at $3.13 million. Shay Capital LLC owned 807,658 shares of the company at the time of its most recent 13F filing, worth $2.16 million.
According to FactSet, Rekor Systems Inc.’s share price will average $7.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 233.33 percent from its previous closing price of $2.10. Analysts expect Rekor Systems Inc. stock to reach the higher price of $8.00, while the lowest price estimate is $6.00. However, 3 analysts have rated REKR stock as a Buy in their predictions for 2022.