Recon Technology Stock Today
| RCON Stock | USD 0.1 0 1.20% |
Performance0 of 100
| Odds Of DistressLess than 46
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Recon Technology is selling at 0.0984 as of the 19th of April 2024; that is -1.2 percent decrease since the beginning of the trading day. The stock's open price was 0.0996. Recon Technology has 46 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Recon Technology are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of January 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Energy | IPO Date 30th of July 2009 |
Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the Peoples Republic of China. Recon Technology, Ltd. was incorporated in 2007 and is headquartered in Beijing, the Peoples Republic of China. The company has 141.7 M outstanding shares of which 15.38 K shares are at this time shorted by private and institutional investors with about 0.1 trading days to cover. More on Recon Technology
Moving against Recon Stock
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| 0.73 | MRC | MRC Global Financial Report 13th of May 2024 | PairCorr |
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| 0.71 | TS | Tenaris SA ADR Earnings Call This Week | PairCorr |
| 0.71 | SOI | Solaris Oilfield Inf Earnings Call This Week | PairCorr |
| 0.7 | FTI | TechnipFMC PLC Earnings Call This Week | PairCorr |
Follow Valuation Options Odds of Bankruptcy
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Recon Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Recon Technology's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Recon Technology or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman and CEO | Shenping Yin | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Oil & Gas Equipment & Services, Energy, NASDAQ Composite, NASDAQ Composite Total, Energy, Energy Equipment & Services, Oil & Gas Equipment & Services, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Recon Technology report their recommendations after researching Recon Technology's financial statements, talking to executives and customers, or listening in on Recon Technology's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Recon Technology. The Recon consensus assessment is calculated by taking the average forecast from all of the analysts covering Recon Technology. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key measurements obtained from Recon Technology's financial statements, Recon Technology is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Recon Technology is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Recon Technology's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Recon Technology's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Recon Technology's financial leverage. It provides some insight into what part of Recon Technology's total assets is financed by creditors.
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Recon Technology (RCON) is traded on NASDAQ Exchange in USA. It is located in No. 1 Shui'an South Street, Beijing, China, 100012 and employs 188 people. Recon Technology is listed under Oil & Gas Equipment & Services category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 14.64 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Recon Technology's market, we take the total number of its shares issued and multiply it by Recon Technology's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Recon Technology conducts business under Energy Equipment & Services sector and is part of Energy industry. The entity has 141.7 M outstanding shares of which 15.38 K shares are at this time shorted by private and institutional investors with about 0.1 trading days to cover.
Recon Technology currently holds about 332.86 M in cash with (51.69 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 11.22, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Recon Technology Probability Of Bankruptcy
Ownership AllocationRecon Technology owns a total of 141.7 Million outstanding shares. Roughly 95.0 pct. of Recon Technology outstanding shares are held by general public with 1.857999999999999 % owned by insiders and only 3.18 (%) by third-party entities. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Recon Ownership Details
Recon Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Recon Technology jumping above the current price in 90 days from now is about 98.0%. The Recon Technology probability density function shows the probability of Recon Technology stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.4052 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Recon Technology will likely underperform. Additionally, recon Technology has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Recon Technology to move above the current price in 90 days from now is about 98.0 (This Recon Technology probability density function shows the probability of Recon Stock to fall within a particular range of prices over 90 days) .
Recon Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Recon Technology that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Recon Technology's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Recon Technology's value.| Instituion | Recorded On | Shares | |
| We Are One Seven, Llc | 2023-09-30 | 0.0 | |
| Integrated Wealth Concepts Llc | 2023-09-30 | 0.0 | |
| Two Sigma Investments Llc | 2023-12-31 | 0.0 | |
| Hrt Financial Llc | 2023-09-30 | 0.0 | |
| Sabby Management Llc | 2023-12-31 | 3.4 M | |
| Ayrton Capital Llc | 2023-09-30 | 568.5 K | |
| Renaissance Technologies Corp | 2023-12-31 | 375.7 K | |
| Virtu Financial Llc | 2023-12-31 | 31.2 K | |
| Two Sigma Securities, Llc | 2023-12-31 | 18.5 K | |
| Geode Capital Management, Llc | 2023-12-31 | 15.1 K | |
| Susquehanna International Group, Llp | 2023-12-31 | 10.9 K |
Recon Technology Historical Income Statement
Recon Technology Income Statement is one of the three primary financial statements used for reporting Recon's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Recon Technology revenue and expense. Recon Technology Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Recon Technology's Net Income Applicable To Common Shares is very stable compared to the past year. As of the 19th of April 2024, Minority Interest is likely to grow to about 3.9 M, while Selling And Marketing Expenses is likely to drop about 9.1 M. View More FundamentalsRecon Stock Against Markets
Picking the right benchmark for Recon Technology stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Recon Technology stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Recon Technology is critical whether you are bullish or bearish towards Recon Technology at a given time. Please also check how Recon Technology's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Recon Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Recon Technology Corporate Directors
Recon Technology corporate directors refer to members of a Recon Technology board of directors. The board of directors generally takes responsibility for the Recon Technology's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Recon Technology's board members must vote for the resolution. The Recon Technology board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Guangqiang Chen | CTO and Director | Profile | |
| Jijun Hu | Independent Director | Profile | |
| Shudong Zhao | Independent Director | Profile | |
| Nelson Wong | Independent Director | Profile |
How to buy Recon Stock?
Before investing in Recon Technology, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Recon Technology. To buy Recon Technology stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Recon Technology. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Recon Technology stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Recon Technology stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Recon Technology stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Recon Technology, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Recon Stock please use our How to Invest in Recon Technology guide.
Already Invested in Recon Technology?
The danger of trading Recon Technology is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Recon Technology is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Recon Technology. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Recon Technology is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Recon Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Recon Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Recon Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Recon Technology Stock: 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 tightly coupled 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.
Complementary Tools for Recon Stock analysis
When running Recon Technology's price analysis, check to measure Recon Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Recon Technology is operating at the current time. Most of Recon Technology's value examination focuses on studying past and present price action to predict the probability of Recon Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Recon Technology's price. Additionally, you may evaluate how the addition of Recon Technology to your portfolios can decrease your overall portfolio volatility.
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Is Recon Technology's industry 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 (0.24) | Revenue Per Share 1.978 | Quarterly Revenue Growth (0.27) | Return On Assets (0.08) | Return On Equity (0.14) |
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.