#7 - Rekor Systems (NASDAQ:REKR)
The last name on this list is Rekor Systems Inc. (NASDAQ: REKR). The company provides infrastructure solutions for transportation, public safety, and urban mobility markets. Its mission is to make the world safer, smarter, and greener.
Among the company’s platforms is Rekor One, its in-house, AI-powered roadway intelligence platform. The company is well-positioned to provide innovative solutions as the United States rebuilds its transportation infrastructure.
REKR stock was down about 50% in 2024. However, it’s worth noting that the stock climbed about 75% in December. This bucked the trend of many technology stocks, which were beaten down.
Like many of the companies on this list, Rekor Systems is not yet profitable. However, if the company continues to grow its revenue at the compound annual growth rate (CAGR) it has managed for the last four years, it may hit its goal of profitability by the end of its 2024 fiscal year, which will be in the middle of 2025.
Before considering an investment, you should know that only one analyst covers Rekor Systems. But that analyst gives REKR stock a Strong Buy rating.
About Rekor Systems
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.
Read More - Current Price
- $1.63
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
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