Sunday, June 26, 2022

A Guide To The Risks Of Investing In Rekor Systems Inc. (REKR)

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.

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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.

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