Rekor Systems Inc. (REKR) rating initates by Northland Capital


In a filing, Rekor Systems Inc. revealed its Chief Executive Officer BERMAN ROBERT ALAN acquired Company’s shares for reported $34455.0 on Aug 25. In the deal valued at $3.45 per share,10,000 shares were bought. As a result of this transaction, BERMAN ROBERT ALAN now holds 1,135,219 shares worth roughly $ 4.33 million.

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Then, Arctis Global LLC bought 100,000 shares, generating $310,800 in total proceeds. Upon buying the shares at $3.11, the 10% Owner now owns 9,647,491 shares.

Before that, BERMAN ROBERT ALAN bought 25,000 shares. Rekor Systems Inc. shares valued at $78,425 were divested by the Chief Executive Officer at a price of $3.14 per share. As a result of the transaction, BERMAN ROBERT ALAN now holds 1,025,219 shares, worth roughly $3.91 million.

Northland Capital initiated its Rekor Systems Inc. [REKR] rating to an Outperform in a research note published on Friday, February 11, 2021; the price target was $24. PT values the company’s stock at a premium of 84.12 to its Friday closing price.

Price Performance Review of REKR

On Friday, Rekor Systems Inc. [NASDAQ:REKR] saw its stock jump 2.97% to $3.81. On the same session, the stock had its day’s lowest price of $3.62, but rose to a high of $3.83. Over the last five days, the stock has gained 7.32%. Rekor Systems Inc. shares have risen nearly 217.50% since the year began. Nevertheless, the stocks have risen 168.31% over the past one year. While a 52-week high of $4.15 was reached on 08/29/23, a 52-week low of $0.56 was recorded on 04/24/23. SMA at 50 days reached $2.82, while 200 days put it at $1.73. A total of 0.98 million shares were traded, compared to the trading of 1.29 million shares in the previous session.

Levels Of Support And Resistance For REKR Stock

The 24-hour chart illustrates a support level at 3.68, which if violated will result in even more drops to 3.54. On the upside, there is a resistance level at 3.89. A further resistance level may holdings at 3.96. The Relative Strength Index (RSI) on the 14-day chart is 63.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.00%. Stochastics %K at 79.02% 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 Aug 14, 2023, growing by 0.63 million shares to a total of 3.89 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.26 million shares. There was a rise of 16.2%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.50% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.92.

Rekor Systems Inc. [REKR] – Who Are The Largest Shareholders?

In filings from Arctis Management UK Ltd., it is revealed that the company now owns 9,647,491 shares, or roughly 15.61% of the outstanding REKR shares. In other words, the investor’s shares have risen by 1,639,900 from its previous 13-F filing of 8007591.0. Additionally, Cantor Fitzgerald Europe decreased -0.32% of its stake after which the total value it holdings stand at $9,612,693. Over the last quarter, Shay Capital LLC purchased 1,361,726 shares of Rekor Systems Inc., while The Vanguard Group, Inc. bought 9,099 shares. At present, D. Scott Neal, Inc. is holding 1,610,920 shares valued at $4.9 million. BlackRock Fund Advisors owned 598,929 shares of the company at the time of its most recent 13F filing, worth $1.82 million.

According to FactSet, Rekor Systems Inc.’s share price will average $4.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.86 percent from its previous closing price of $3.70. Analysts expect Rekor Systems Inc. stock to reach the higher price of $4.50, while the lowest price estimate is $4.00. However, 2 analysts have rated REKR stock as a Buy in their predictions for 2023.


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