Recon Technology Ltd. (NASDAQ:RCON) shares traded lower over the last trading session, losing -2.23% on 06/10/21. The shares fell to a low of $12.45 before closing at $12.74. Intraday shares traded counted 0.61 million, which was 46.79% higher than its 30-day average trading volume of 1.15M. RCON’s previous close was $13.03 while the outstanding shares total 7.33M. The firm has a beta of 3.40. The stock’s Relative Strength Index (RSI) is 60.99, with weekly volatility at 10.08% and ATR at 1.12. The RCON stock’s 52-week price range has touched low of $0.75 and a $14.00 high.
Investors have identified the Oil & Gas Equipment & Services company Recon Technology Ltd. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $255.05 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Recon Technology Ltd. (RCON) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For RCON, the company has in raw cash 10.84 million on their books with 3.85 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 26.61 million total, with 16.35 million as their total liabilities.
RCON were able to record -2.61 million as free cash flow during the 09/24/2021 quarter of the year, this saw their quarterly net cash flow reduce by 6.2 million. In cash movements, the company had a total of -2.56 million as operating cash flow.
Is the stock of RCON attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 53.60%.