How to Buy Recon Technology Stock
Recon Technology Ltd
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.
Recon Technology stock last closed at $2.60, up 24.95% from the previous day, and has increased 84.33% in one year. It has overperformed other stocks in the Oil & Gas Equipment & Services industry by 0.98 percentage points. Recon Technology stock is currently +95.41% from its 52-week low of $1.33, and -29.76% from its 52-week high of $3.70.
At the moment, there are 15.09M RCON shares outstanding. The market capitalization of RCON is $39.21M. In the past 24 hours, 91,500 RCON shares were traded.
How to Buy Recon Technology Stock
Not sure how to invest in Recon Technology stock? Here's how.
- Decide where to buy Recon Technology stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Recon Technology stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Pick your method of payment and add your details.
- Research Recon Technology stock: The Recon Technology ticker symbol is RCON. Is Recon Technology stock a good investment? Should you buy shares of RCON? How do RCON's underlying business fundamentals look? Do top analysts think Recon Technology is a good buy? Why has RCON's stock price moved recently? (Hint: Our stock market research website can help you understand if RCON is a good stock to buy).
- Place your RCON trade: Decide if you will purchase RCON shares at the current market price or use a limit order to buy RCON shares at a particular price.
- Get the latest scoop on your RCON position: Create a watchlist to important updates regarding your investment in Recon Technology stock.
Step 1: Decide where to buy Recon Technology stock
You need a brokerage account to access the NASDAQ market and buy RCON shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best online stock brokerage. eToro gives you:
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you need to fill out some personal information so you can buy RCON stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open your new trading account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have filled out your info on investing apps, you can securely and quickly fund your account:
Check out this video walkthrough for more details depositing money into your investment account.
Step 4: Research Recon Technology stock
Once you have decided on the best place to buy Recon Technology stock, it's crucial to evaluate their stock prior to buying, so you actually wrap your head around the risk as well as the upside.
Recon Technology Numbers
Fundamentals of Recon Technology
WallStreetZen was designed to help average investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on RCON's stock page.
Is RCON stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge RCON's true value.
Using relative valuations measures:
- RCON could be undervalued based on its P/B ratio of 0.58x, relative to Oil & Gas Equipment & Services industry P/B ratio of 2.19x
You can do more valuation analysis on RCON's stock here.
How do RCON Financials look?
Positive Health Checks:
- RCON has $52.40M in cash and short term investments. This is sufficient to cover its annual cash burn of $7.70M.
- Total RCON debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the RCON balance sheet.
- RCON has cash burn of 7697437. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the RCON balance sheet.
- RCON has a low debt to equity ratio of 0.13.
Negative Health Checks:
- RCON profit margin has gone up by 0.05 percentage points in the past year, but the company is still unprofitable.
Metrics for Advanced RCON Traders
How is RCON performing as a company?
Last year, RCON revenue was $9.05M. During the last five year, RCON's revenue has gone up by -7% per year. This was slower than the Oil & Gas Equipment & Services industry average of 9.69%.
Dig into RCON's earnings and revenue performance here.
Who is buying/selling RCON?
Over the last 12 months, insiders at RCON have not bought or sold any shares.
Research more about who owns RCON shares here.
Can I get consistent income from RCON stock?
No, Recon Technology doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your RCON trade
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, place a limit order.
Hit the Open button and your broker will execute your order.
If you need additional info about buying stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your RCON position
Now that you own some RCON stock, you'll want to stay up-to-date on your shares.
Create a watchlist to track the most important metrics related to your RCON stock.
RCON Feed
How to Buy Stock in Recon Technology
To reiterate, here are the 6 steps for buying Recon Technology stock:
- Decide where to buy Recon Technology stock
- Sign up for a brokerage account
- Fund your brokerage account
- Research Recon Technology stock
- Place your RCON trade
- Get the latest scoop on your RCON position
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your new investment in Recon Technology, add RCON to your watchlist by clicking the button below.
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