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Recon Technology, Ltd is an oil & gas equipment & services business based in the US. Recon Technology shares (RCON) are listed on the NASDAQ and all prices are listed in US Dollars. Recon Technology employs 134 staff and has a market cap (total outstanding shares value) of USD$40.9 million.
|52-week range||USD$0.75 - USD$5.55|
|50-day moving average||USD$2.2232|
|200-day moving average||USD$1.381|
|Wall St. target price||USD$2.01|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-0.584|
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|Gross profit TTM||USD$19.6 million|
|Return on assets TTM||-7.18%|
|Return on equity TTM||-17.7%|
|Market capitalisation||USD$40.9 million|
TTM: trailing 12 months
There are currently 797,913 Recon Technology shares held short by investors – that's known as Recon Technology's "short interest". This figure is 85.7% up from 429,663 last month.
There are a few different ways that this level of interest in shorting Recon Technology shares can be evaluated.
Recon Technology's "short interest ratio" (SIR) is the quantity of Recon Technology shares currently shorted divided by the average quantity of Recon Technology shares traded daily (recently around 2.3 million). Recon Technology's SIR currently stands at 0.34. In other words for every 100,000 Recon Technology shares traded daily on the market, roughly 340 shares are currently held short.
However Recon Technology's short interest can also be evaluated against the total number of Recon Technology shares, or, against the total number of tradable Recon Technology shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Recon Technology's short interest could be expressed as 0.11% of the outstanding shares (for every 100,000 Recon Technology shares in existence, roughly 110 shares are currently held short) or 0.154% of the tradable shares (for every 100,000 tradable Recon Technology shares, roughly 154 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Recon Technology.
Find out more about how you can short Recon Technology stock.
We're not expecting Recon Technology to pay a dividend over the next 12 months.
Recon Technology's shares were split on a 1:5 basis on 27 December 2019. So if you had owned 5 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Recon Technology shares – just the quantity. However, indirectly, the new 400% higher share price could have impacted the market appetite for Recon Technology shares which in turn could have impacted Recon Technology's share price.
Over the last 12 months, Recon Technology's shares have ranged in value from as little as $0.75 up to $5.55. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Recon Technology's is 2.8212. This would suggest that Recon Technology's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People's Republic of China. The company offers equipment, tools, and other hardware related to oilfield production and management, and transportation; and develops and sells industrial automation control and information solutions. It also provides equipment for oil and gas production and transportation, including heating furnaces and burner, as well as enhancing techniques comprising packers of fracturing; production packers; sand prevention in oil and water wells; water locating and plugging techniques; fissure shaper; fracture acidizing technique; and electronic broken-down service to resolve block-up and freezing problems. In addition, the company offers automation systems and services, including pumping unit controller that monitors the pumping units and collects data; RTU to monitor natural gas wells and collect gas well pressure data; wireless dynamometers and wireless pressure gauges; electric multi-way valves for oilfield metering station flow control; and natural gas flow computer systems. Further, it provides Recon SCADA oilfield monitor and data acquisition system for supervision and data collection; EPC service of pipeline SCADA system for pipeline monitoring and data acquisition; EPC service of oil and gas wells SCADA system for monitoring and data acquisition of oil wells and natural gas wells; EPC service of oilfield video surveillance and control system to control the oil and gas wellhead and measurement station areas; and technique service for digital oilfield transformation. Additionally, the company offers oilfield waste water treatment solutions and related chemicals; and oily sludge disposal solutions. Recon Technology, Ltd. was incorporated in 2007 and is headquartered in Beijing, the People's Republic of China.
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