#5 - Rekor Systems (NASDAQ:REKR)
Another sector that provides investors with a different way of playing AI is infrastructure. Rekor Systems, Inc. (NASDAQ: REKR) is “one of the largest aggregators of roadway data.” And behind this is the company's focus on AI and machine learning, which the company uses in its patented technology.
For a company providing best-in-class roadway intelligence, this is still a small company in a small industry. Rekor has a market cap of around $262 million. The encouraging sign for investors is that the company’s revenue is increasing sharply in a sector that is primed for growth. Over the next decade this sector is expected to be valued at over $31 billion.
Like many penny stocks, REKR stock got caught up in the meme stock movement and rocketed to over $20 a share in 2021. Unlike the company’s revenue, that stock price was never sustainable. The company is getting closer to profitability. When it achieves that, this is a stock that could have much higher to go.
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
- $1.54
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
