Rekor Systems Inc’s recent filing unveils that its 10% Owner Arctis Global LLC acquired Company’s shares for reported $3.19 million on Jul 05 ’24. In the deal valued at $1.40 per share,2,275,000 shares were bought. As a result of this transaction, Arctis Global LLC now holds 12,312,491 shares worth roughly $14.04 million.
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William Blair initiated its Rekor Systems Inc [REKR] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in mid February with a ‘”an Outperform”‘ rating.
Price Performance Review of REKR
On Monday, Rekor Systems Inc [NASDAQ:REKR] saw its stock jump 8.57% to $1.14. Over the last five days, the stock has lost -3.39%. Rekor Systems Inc shares have fallen nearly -65.77% since the year began. Nevertheless, the stocks have fallen -57.78% over the past one year. While a 52-week high of $3.92 was reached on 01/16/24, a 52-week low of $1.01 was recorded on 10/02/24. SMA at 50 days reached $1.3089, while 200 days put it at $1.9991.
Levels Of Support And Resistance For REKR Stock
The 24-hour chart illustrates a support level at 1.0667, which if violated will result in even more drops to 0.9933. On the upside, there is a resistance level at 1.2067. A further resistance level may holdings at 1.2733. The Relative Strength Index (RSI) on the 14-day chart is 42.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0721, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.85%. Stochastics %K at 33.33% 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 2024-09-13, growing by 15254.0 shares to a total of 16.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 16.79 million shares. There was a rise of 0.09%, which implies that there is a positive sentiment for the stock.
