FY2024 EPS Estimates for Rekor Systems, Inc. Decreased by Northland Capmk (NASDAQ:REKR)

Rekor Systems, Inc. (NASDAQ:REKR - Free Report) - Stock analysts at Northland Capmk dropped their FY2024 earnings estimates for shares of Rekor Systems in a research note issued on Monday, October 7th. Northland Capmk analyst M. Latimore now anticipates that the company will earn ($0.55) per share for the year, down from their prior forecast of ($0.54). The consensus estimate for Rekor Systems' current full-year earnings is ($0.49) per share. Northland Capmk also issued estimates for Rekor Systems' Q4 2024 earnings at ($0.09) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.04) EPS and Q4 2025 earnings at ($0.03) EPS.

Separately, Wedbush restated an "outperform" rating on shares of Rekor Systems in a report on Thursday, August 15th.

Rekor Systems Trading Up 0.9 %

Rekor Systems stock traded up $0.01 during mid-day trading on Thursday, hitting $1.07. The company's stock had a trading volume of 767,976 shares, compared to its average volume of 1,188,004. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.67 and a current ratio of 0.84. The company has a 50 day moving average of $1.27 and a 200-day moving average of $1.60. Rekor Systems has a one year low of $1.01 and a one year high of $3.92. The stock has a market cap of $91.33 million, a PE ratio of -1.45 and a beta of 1.96.

Rekor Systems (NASDAQ:REKR - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.01. Rekor Systems had a negative return on equity of 112.99% and a negative net margin of 118.66%. The firm had revenue of $12.43 million for the quarter, compared to analysts' expectations of $12.15 million.

Institutional Trading of Rekor Systems

Several institutional investors and hedge funds have recently modified their holdings of REKR. Lake Hills Wealth Management LLC lifted its stake in Rekor Systems by 97.4% in the first quarter. Lake Hills Wealth Management LLC now owns 22,541 shares of the company's stock worth $52,000 after acquiring an additional 11,121 shares during the period. SG Americas Securities LLC lifted its position in shares of Rekor Systems by 3.2% in the 3rd quarter. SG Americas Securities LLC now owns 693,941 shares of the company's stock worth $819,000 after purchasing an additional 21,517 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Rekor Systems by 257.1% during the first quarter. International Assets Investment Management LLC now owns 36,250 shares of the company's stock valued at $82,000 after purchasing an additional 26,100 shares in the last quarter. Cannon Global Investment Management LLC purchased a new position in Rekor Systems during the first quarter valued at approximately $94,000. Finally, Anthracite Investment Company Inc. raised its stake in Rekor Systems by 84.2% in the first quarter. Anthracite Investment Company Inc. now owns 109,386 shares of the company's stock worth $250,000 after buying an additional 50,000 shares in the last quarter. Institutional investors own 45.71% of the company's stock.

Rekor Systems Company Profile

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.