Recon Technology Stock Price on November 15, 2024
| RCON Stock | USD 2.31 0.04 1.70% |
Below is the normalized historical share price chart for Recon Technology extending back to July 30, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Recon Technology stands at 2.31, as last reported on the 29th of November, with the highest price reaching 2.39 and the lowest price hitting 2.31 during the day.
If you're considering investing in Recon Stock, it is important to understand the factors that can impact its price. Recon Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.0309, which implies the firm had a -0.0309% return per unit of risk over the last 3 months. Recon Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Recon Technology's Variance of 31.35, coefficient of variation of (2,381), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide.
At this time, Recon Technology's Total Stockholder Equity is very stable compared to the past year. As of the 29th of November 2024, Common Stock Total Equity is likely to grow to about 5.5 M, while Common Stock is likely to drop about 99.1 K. . At this time, Recon Technology's Price Book Value Ratio is very stable compared to the past year. As of the 29th of November 2024, Price Earnings To Growth Ratio is likely to grow to 0.02, while Price To Sales Ratio is likely to drop 0.73. Recon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 30th of July 2009 | 200 Day MA 2.2812 | 50 Day MA 2.8232 | Beta 2.425 |
Recon |
Sharpe Ratio = -0.0309
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Estimated Market Risk
| 5.6 actual daily | 49 51% of assets are more volatile |
Expected Return
| -0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Recon Technology is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Recon Technology by adding Recon Technology to a well-diversified portfolio.
Price Book 0.9315 | Enterprise Value Ebitda 0.2809 | Price Sales 0.9375 | Shares Float 7.5 M | Wall Street Target Price 2.01 |
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Recon Technology Valuation on November 15, 2024
It is possible to determine the worth of Recon Technology on a given historical date. On November 15, 2024 Recon was worth 2.2 at the beginning of the trading date compared to the closed value of 2.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Recon Technology stock. Still, in general, we apply an absolute valuation method to find Recon Technology's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Recon Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Recon Technology's related companies.
| Open | High | Low | Close | Volume | |
| 2.36 | 2.38 | 2.30 | 2.30 | 5,234 | |
11/15/2024 | 2.20 | 2.36 | 2.02 | 2.02 | 15,915 |
| 2.13 | 2.22 | 2.04 | 2.12 | 20,627 |
| Backtest Recon Technology | | | Recon Technology History | | | Recon Technology Valuation | Previous | Next |
Recon Technology Trading Date Momentum on November 15, 2024
| On November 18 2024 Recon Technology was traded for 2.12 at the closing time. The top price for the day was 2.22 and the lowest listed price was 2.04 . The trading volume for the day was 20.6 K. The trading history from November 18, 2024 was a factor to the next trading day price boost. The trading delta at closing time against the next closing price was 4.95% . The trading delta at closing time against the current closing price is 4.95% . |
Recon Technology Fundamentals Correlations and Trends
By evaluating Recon Technology's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Recon Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Recon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Recon Technology Stock history
Recon Technology investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Recon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Recon Technology will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Recon Technology stock prices may prove useful in developing a viable investing in Recon Technology
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 5 M | 5.3 M | |
| Net Income Applicable To Common Shares | 109.9 M | 115.4 M |
Recon Technology Quarterly Net Working Capital |
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Recon Technology Stock Technical Analysis
Recon Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Recon Technology Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Recon Technology cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Recon Technology November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Recon Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Recon Technology shares will generate the highest return on investment. By undertsting and applying Recon Technology stock market strength indicators, traders can identify Recon Technology entry and exit signals to maximize returns
Recon Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Recon Technology's price direction in advance. Along with the technical and fundamental analysis of Recon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Recon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (0.15) |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Recon Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Recon Stock, please use our How to Invest in Recon Technology guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Recon Technology. If investors know Recon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Recon Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.08) | Revenue Per Share 13.637 | Quarterly Revenue Growth 0.095 | Return On Assets (0.08) | Return On Equity (0.11) |
The market value of Recon Technology is measured differently than its book value, which is the value of Recon that is recorded on the company's balance sheet. Investors also form their own opinion of Recon Technology's value that differs from its market value or its book value, called intrinsic value, which is Recon Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Recon Technology's market value can be influenced by many factors that don't directly affect Recon Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Recon Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Recon Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Recon Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.