Renaissance Technologies LLC has recently announced that it has increased stake in Recon Technology Ltd. (NASDAQ:RCON) by 4.03%. After grabbing 0.16 million shares, the institutional investor is now in possession of 6100.0 shares of the Energy Company. The new investment brought the stake of investor firm to 0.53% having worth around $0.32 million. Moreover, G1 Execution Services LLC increased its share by 10120.0 to have a control over 10120.0 shares.
Recon Technology Ltd. (RCON) concluded trading on 03/15/23 at a closing price of $0.37, with 14.21 million shares of worth about $5.26 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -39.90% during that period and on Wednesday the price saw a loss of about -64.51%. Currently the company’s common shares owned by public are about 33.88M shares, out of which, 32.49M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the RCON stock and their offered price forecasts bring an average price target of $10.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $10.00 and could fall to a lowest price of $10.00. However, touching the estimated high of $10.00 would mean a gain of 96.3% for the stock.
The company recently came buying 0.0 shares which brought its stake up to 0.05% of the company’s outstanding shares.
However, the stock later moved at a day high price of 1.1260, or with a loss of -64.51%. Stock saw a price change of -65.34% in past 5 days and over the past one month there was a price change of -76.57%. Year-to-date (YTD), RCON shares are showing a performance of -70.43% which decreased to -62.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.50 but also hit the highest price of $2.13 during that period. The average intraday trading volume for Recon Technology Ltd. shares is 563.44K. The stock is currently trading -75.19% below its 20-day simple moving average (SMA20), while that difference is down -75.32% for SMA50 and it goes to -62.16% lower than SMA200.
Renaissance Technologies LLC acquired 0.16 million shares of Recon Technology Ltd. having value of about $0.32 million. Data submitted at the U.S SEC by Renaissance Technologies LLC revealed that the firm now holds 6100.0 shares in the company valued at close to $2257.0, or have control over 4.03% stake in the company. Recon Technology Ltd. (NASDAQ: RCON) currently have 33.88M outstanding shares and institutions hold larger chunk of about 6.80% of that. Holding of mutual funds in the company is about 0.05% while other institutional holders and individual stake holders have control over 0.61% and — of the stake respectively.
The stock has a current market capitalization of $13.88M and its 3Y-monthly beta is at 2.64. PE ratio of stock for trailing 12 months is 0.87, while it has posted earnings per share of $0.43 in the same period. It has Quick Ratio of 8.40 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RCON, volatility over the week remained 54.40% while standing at 22.54% over the month.
Analysts are in expectations that Recon Technology Ltd. (RCON) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is -$0.11 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 277.20% while it is estimated to increase by 35.30% in next year.
Analysts at 1 brokerage firms have issued recommendations for the Recon Technology Ltd. (RCON)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Maxim Group on June 12, 2018 offering a Buy rating for the stock and assigned a target price of $2.50 to it.
