Rekor Systems (NASDAQ:REKR) Trading Down 4.5% – Should You Sell?

by · The Markets Daily

Rekor Systems, Inc. (NASDAQ:REKR – Get Free Report)’s share price fell 4.5% during trading on Monday . The company traded as low as $1.48 and last traded at $1.49. 3,835,092 shares changed hands during trading, an increase of 52% from the average session volume of 2,524,960 shares. The stock had previously closed at $1.56.

Wall Street Analyst Weigh In

REKR has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Rekor Systems in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Rekor Systems from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Check Out Our Latest Report on REKR

Rekor Systems Price Performance

The stock has a market capitalization of $174.83 million, a P/E ratio of -3.29 and a beta of 2.15. The firm has a fifty day moving average price of $1.98 and a two-hundred day moving average price of $1.61. The company has a quick ratio of 1.20, a current ratio of 1.45 and a debt-to-equity ratio of 0.41.

Rekor Systems (NASDAQ:REKR – Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $14.19 million for the quarter, compared to the consensus estimate of $12.85 million. Rekor Systems had a negative return on equity of 126.37% and a negative net margin of 89.82%. On average, analysts expect that Rekor Systems, Inc. will post -0.57 EPS for the current year.

Institutional Trading of Rekor Systems

Institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in Rekor Systems by 9.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 208,087 shares of the company’s stock valued at $185,000 after purchasing an additional 18,639 shares during the period. Nuveen LLC acquired a new stake in shares of Rekor Systems during the first quarter worth $85,000. Goldman Sachs Group Inc. raised its stake in Rekor Systems by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,981,293 shares of the company’s stock worth $3,530,000 after acquiring an additional 686,094 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Rekor Systems during the 2nd quarter worth about $31,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Rekor Systems in the second quarter valued at about $33,000. 45.71% of the stock is currently owned by institutional investors.

About Rekor Systems

(Get Free Report)

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.

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