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 03/16/23 at a closing price of $0.37, with 4.93 million shares of worth about $1.83 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -39.39% during that period and on Thursday the price saw a loss of about -0.51%. Currently the company’s common shares owned by public are about 33.88M shares, out of which, 32.49M shares are available for trading.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
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.
Recon Technology Ltd. (NASDAQ: RCON) started trading at $0.3347, below -$0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 0.3920, or with a loss of -0.51%. Stock saw a price change of -62.18% in past 5 days and over the past one month there was a price change of -77.12%. Year-to-date (YTD), RCON shares are showing a performance of -70.58% which decreased to -60.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.36 but also hit the highest price of $2.13 during that period. The average intraday trading volume for Recon Technology Ltd. shares is 802.03K. The stock is currently trading -74.25% below its 20-day simple moving average (SMA20), while that difference is down -75.15% for SMA50 and it goes to -62.28% 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 $13.81M 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 56.46% while standing at 23.37% 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.
