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Home โบ Stocks โบ Recon Technology Ltd. (RCON) Stock Forecast & Price Prediction China | NASDAQ | Energy | Oil & Gas Equipment & Services
$2.09
+0.31 (17.42%)10 Quality Stocks Worth Considering Now
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RCON has shown a year-to-date change of 0.0% and a 1-year change of 23.7%, reflecting upward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for RCON. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for RCON.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
May 24, 2019 | Maxim Group | Buy | Assumes | $0.00 |
The following stocks are similar to Recon Tech based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Recon Technology Ltd. has a market capitalization of $49.82M with a P/E ratio of 0.1x. The company generates $9.12M in trailing twelve-month revenue with a -73.0% profit margin.
Revenue growth is -7.0% quarter-over-quarter, while maintaining an operating margin of -63.9% and return on equity of -11.0%.
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Provides automation solutions for oilfield operations.
The company generates revenue by offering automation solutions, systems integration, and software services to upstream exploration and production companies in the petroleum and mining sectors. By enhancing operational efficiency and productivity, Recon Technology Ltd. enables clients to optimize resource extraction, thus fostering long-term partnerships and repeat business.
Headquartered in China, Recon Technology Ltd. plays a crucial role in the oil and gas industry's technological advancement while addressing sustainability challenges. Their services are vital in meeting the growing energy demands globally, making them a significant player in both technology and energy sectors.
Energy
Oil & Gas Equipment & Services
184
Mr. Shenping Yin
China
2009
Recon Technology, Ltd (NASDAQ: RCON) reported a revenue decline to RMB42.1 million ($5.8 million) for the first half of fiscal 2025, down from RMB45.3 million ($6.2 million) in the same period of 2023.
Recon Technology's revenue decline signals potential operational challenges, which may affect future profitability and investor sentiment.
Recon Technology, Ltd (NASDAQ: RCON) reported a 2.6% increase in fiscal year 2024 revenue, reaching RMB68.8 million ($9.5 million), up from RMB67.1 million ($9.2 million) in 2023.
Recon Technology's revenue growth signals potential stability and growth in a challenging market. Such performance can attract investor interest and influence stock valuation.
Recon Technology (RCON) shares fell 5.41% to $2.80, with a trading volume of 30,236 shares, a turnover rate of 0.11%, and an amplitude of 10.81%.
Recon Technology's 5.41% stock drop signals potential volatility, while low turnover and high amplitude indicate investor uncertainty, affecting future trading decisions.
Recon Technology, Ltd (NASDAQ: RCON) reported total revenue of RMB 45.3 million ($6.4 million) for the first half of fiscal 2024, unchanged from the same period in 2022.
Recon Technology's stagnant revenue could signal operational challenges or market saturation, impacting future growth potential and investor confidence in the stock.
Recon Technology, Ltd. (NASDAQ: RCON) has received a Compliance Letter from Nasdaq confirming that it has cured its bid price deficiency and is now compliant with listing standards.
Recon Technology's compliance with Nasdaq listing standards after curing its bid price deficiency boosts investor confidence and may stabilize or increase its stock price.
Despite a bearish outlook on oil and gas stocks, WTI and Brent crude prices have steadily increased in 2024, signaling potential market contradictions.
Rising crude prices typically bolster oil and gas stocks, so a bearish outlook despite price increases suggests potential market inefficiencies or underlying concerns, impacting investment strategies.
Analyst forecasts for Recon Technology Ltd. (RCON) are not currently available. The stock is trading at $2.09.
According to current analyst ratings, RCON has 0 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $2.09. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for RCON are not currently available. The stock is trading at $2.09.
The company generates revenue by offering automation solutions, systems integration, and software services to upstream exploration and production companies in the petroleum and mining sectors. By enhancing operational efficiency and productivity, Recon Technology Ltd. enables clients to optimize resource extraction, thus fostering long-term partnerships and repeat business.
Price targets from Wall Street analysts for RCON are not currently available. The stock is trading at $2.09.
Price targets from Wall Street analysts for RCON are not currently available. The stock is trading at $2.09.
The overall analyst consensus for RCON is neutral. Out of 1 Wall Street analysts, 0 rate it as Buy, 1 as Hold, and 0 as Sell.
Stock price projections, including those for Recon Technology Ltd., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.