Duos Technologies Group (NASDAQ:DUOT) Releases Quarterly Earnings Results

Duos Technologies Group (NASDAQ:DUOT) issued its earnings results on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06, Zacks reports. The business had revenue of $6.88 million for the quarter, compared to analysts’ expectations of $7.30 million. Duos Technologies Group had a negative return on equity of 297.45% and a negative net margin of 67.62%. Duos Technologies Group updated its FY 2025 guidance to EPS.

Duos Technologies Group Stock Performance

Shares of Duos Technologies Group stock traded up $0.42 during trading on Thursday, reaching $9.31. The company’s stock had a trading volume of 385,894 shares, compared to its average volume of 212,371. Duos Technologies Group has a one year low of $3.71 and a one year high of $11.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.37. The firm has a market cap of $188.56 million, a price-to-earnings ratio of -8.70 and a beta of 1.08. The business’s fifty day moving average price is $8.42 and its 200-day moving average price is $7.68.

Institutional Investors Weigh In On Duos Technologies Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC boosted its position in Duos Technologies Group by 1,339.2% in the 3rd quarter. Private Advisor Group LLC now owns 207,249 shares of the company’s stock valued at $1,525,000 after buying an additional 192,849 shares during the last quarter. Vanguard Group Inc. raised its holdings in Duos Technologies Group by 80.4% during the 3rd quarter. Vanguard Group Inc. now owns 639,797 shares of the company’s stock worth $4,709,000 after purchasing an additional 285,235 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Duos Technologies Group by 38.9% during the 2nd quarter. Geode Capital Management LLC now owns 95,682 shares of the company’s stock valued at $684,000 after purchasing an additional 26,821 shares during the period. Institutional investors and hedge funds own 42.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Ascendiant Capital Markets boosted their target price on shares of Duos Technologies Group from $11.00 to $11.50 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Duos Technologies Group in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Duos Technologies Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.75.

About Duos Technologies Group

Duos Technologies Group, Inc designs, develops, deploys, and operates intelligent technology solutions in North America. The company provides solutions, such as Centraco, an enterprise information management software platform that consolidates data and events from multiple sources into a unified and distributive user interface; and truevue360, an integrated platform to develop and deploy artificial intelligence algorithms, including machine learning, computer vision, object detection, and deep neural network-based processing for real-time applications.