Recon Technology, Ltd. (NASDAQ:RCON) Stock Could Reward Investors With a 580.27% Gain

In the last trading session, 2,437,801 Recon Technology, Ltd.(NASDAQ:RCON) shares changed hands as the company’s beta touched 2.72. With the company’s per share price at $1.47 changed hands at $0.2 or 0.16% during last session, the market valuation stood at $10.59 Million. RCON’s last price was a discount, traded about -277.55% off its 52-week high of $5.55. The share price had its 52-week low at $0.75, which suggests the last value was 48.98% up since then. When we look at Recon Technology, Ltd.’s average trading volume, we note the 10-day average is 956.42 Million shares, with the 3-month average coming to 1.3 Million.

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Analysts gave the Recon Technology, Ltd. (RCON) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 1 recommended RCON as a Hold, none felt it is a Buy and none rated the stock as Underweight. Recon Technology, Ltd.’s EPS for the current quarter is expected to be $0.

Instantly RCON was in green as seen at the end of in last trading. With action 15.75%, the performance over the past five days has been green. The jump to weekly highs of $1.63 on Thursday, Dec 31 added 9.82% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.36%, with the 5-day performance at 0.2% in the green. However, in the 30-day time frame, Recon Technology, Ltd. (NASDAQ:RCON) is 0.13% up. Looking at the short shares, we see there were 613.79 Million shares sold at short interest cover period of 472.15 days.

The consensus price target for the stock as assigned by Wall Street analysts is $10, meaning bulls need an upside of 580.27% from its current market value. According to analyst projections, RCON’s forecast low is $10 with $10 as the target high. To hit the forecast high, the stock’s price needs a +580.27% upsurge from its current level, while the stock would need to tank 580.27% for it to hit the projected low.

Recon Technology, Ltd. (RCON) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 33.6%. The 2021 estimates are for Recon Technology, Ltd. earnings to increase by 35.8%, but the outlook for the next 5-year period is at 0% per year.

Recon Technology, Ltd. (NASDAQ:RCON)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 41.06% of Recon Technology, Ltd. shares while 1.47% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 2.49%. There are 3 institutions holding the Recon Technology, Ltd. stock share, with HRT Financial LLC the top institutional holder. As of Sep 29, 2020, the company held 0.64% of the shares, roughly 45.75 Thousand RCON shares worth $42.78 Thousand.

Virtu Financial LLC holds the second largest percentage of outstanding shares, with 0.49% or 35.45 Thousand shares worth $33.14 Thousand as of Sep 29, 2020.

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