Rekor Systems, Inc. (NASDAQ:REKR – Get Free Report)’s share price fell 1.5% on Tuesday . The stock traded as low as $0.6051 and last traded at $0.6237. Approximately 2,788,460 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 2,175,442 shares. The stock had previously closed at $0.6330.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Wall Street Zen raised Rekor Systems from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded Rekor Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Rekor Systems currently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on Rekor Systems
Rekor Systems Price Performance
Rekor Systems (NASDAQ:REKR – Get Free Report) last issued its earnings results on Monday, May 11th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Rekor Systems had a negative return on equity of 80.28% and a negative net margin of 60.48%.The business had revenue of $10.26 million during the quarter, compared to analysts’ expectations of $12.32 million. As a group, research analysts expect that Rekor Systems, Inc. will post -0.13 earnings per share for the current year.
Hedge Funds Weigh In On Rekor Systems
Several large investors have recently modified their holdings of REKR. Centiva Capital LP bought a new position in shares of Rekor Systems during the 3rd quarter valued at $34,000. International Assets Investment Management LLC purchased a new position in shares of Rekor Systems during the 4th quarter valued at $35,000. NewEdge Advisors LLC boosted its stake in shares of Rekor Systems by 74.6% in the second quarter. NewEdge Advisors LLC now owns 32,055 shares of the company’s stock worth $37,000 after acquiring an additional 13,700 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Rekor Systems by 845.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 33,263 shares of the company’s stock valued at $46,000 after buying an additional 29,745 shares in the last quarter. Finally, Creative Planning grew its stake in Rekor Systems by 233.7% during the second quarter. Creative Planning now owns 40,035 shares of the company’s stock valued at $46,000 after acquiring an additional 28,037 shares in the last quarter. Hedge funds and other institutional investors own 45.71% of the company’s stock.
About Rekor Systems
Rekor Systems, Inc is a U.S.-based technology company specializing in real-time vehicle recognition solutions powered by artificial intelligence and machine learning. The company develops software and hardware systems that capture, analyze and store vehicle data—such as license plate images, make and model, color and vehicle characteristics—by leveraging advanced computer vision algorithms. Rekor’s platforms enable public safety agencies, transportation departments and private enterprises to automate vehicle identification, enhance situational awareness and improve operational efficiency.
The company’s flagship offering is a suite of intelligent camera and analytics products that include built-in license plate recognition (LPR) and vehicle attribute classification.
See Also
- Five stocks we like better than Rekor Systems
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Receive News & Ratings for Rekor Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rekor Systems and related companies with MarketBeat.com's FREE daily email newsletter.
