Recon Technology Financials

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Recon Technology Stock Summary

Recon Technology competes with Flotek Industries, SemiLEDS, LM Funding, Smart Powerr, and TDH Holdings. 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. Recon Technology operates under Oil Gas Equipment Services classification in the United States and is traded on NASDAQ Exchange. It employs 184 people.

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Recon Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Recon Technology's current stock value. Our valuation model uses many indicators to compare Recon Technology value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Recon Technology competition to find correlations between indicators driving Recon Technology's intrinsic value. More Info.Recon Technology is rated second in return on equity category among its peers. It also is rated second in return on asset category among its peers . At this time, Recon Technology's Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Recon Technology's earnings, one of the primary drivers of an investment's value.

Recon Technology Systematic Risk

Today, most investors in Recon Technology Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Recon Technology's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Recon Technology growth as a starting point in their analysis.

Along with financial statement analysis, the daily predictive indicators of Recon Technology help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Recon Technology. We use our internally-developed statistical techniques to arrive at the intrinsic value of Recon Technology based on widely used predictive technical indicators. In general, we focus on analyzing Recon Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Recon Technology's daily price indicators and compare them against related drivers.

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 producer price index. To learn how to invest in Recon Stock, please use our How to Invest in Recon Technology guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

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.

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.