In a filing, Rekor Systems Inc revealed 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 $19.7 million.
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 Friday, Rekor Systems Inc [NASDAQ:REKR] saw its stock jump 3.90% to $1.60. Over the last five days, the stock has lost -12.09%. Rekor Systems Inc shares have risen nearly 2.56% since the year began. Nevertheless, the stocks have fallen -55.68% over the past one year. While a 52-week high of $3.81 was reached on 01/06/25, a 52-week low of $0.78 was recorded on 01/14/25. SMA at 50 days reached $1.1603, while 200 days put it at $1.4284.
Levels Of Support And Resistance For REKR Stock
The 24-hour chart illustrates a support level at 1.5300, which if violated will result in even more drops to 1.4600. On the upside, there is a resistance level at 1.6750. A further resistance level may holdings at 1.7500. The Relative Strength Index (RSI) on the 14-day chart is 54.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1575, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.34%. Stochastics %K at 38.89% 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 2024-10-31, growing by 0.88 million shares to a total of 15.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 14.73 million shares. There was a rise of 5.62%, which implies that there is a positive sentiment for the stock.
