Northland Capmk Weighs in on Rekor Systems, Inc.’s Q1 2024 Earnings (NASDAQ:REKR)

Rekor Systems, Inc. (NASDAQ:REKRFree Report) – Research analysts at Northland Capmk cut their Q1 2024 earnings per share estimates for Rekor Systems in a research note issued on Tuesday, March 26th. Northland Capmk analyst M. Latimore now anticipates that the company will post earnings per share of ($0.11) for the quarter, down from their previous estimate of ($0.08). The consensus estimate for Rekor Systems’ current full-year earnings is ($0.28) per share. Northland Capmk also issued estimates for Rekor Systems’ Q4 2024 earnings at ($0.04) EPS and FY2024 earnings at ($0.26) EPS.

Separately, William Blair reaffirmed an “outperform” rating on shares of Rekor Systems in a research note on Tuesday.

Get Our Latest Stock Analysis on Rekor Systems

Rekor Systems Stock Performance

REKR opened at $2.29 on Friday. The company has a market cap of $195.38 million, a price-to-earnings ratio of -3.14 and a beta of 2.13. The firm’s fifty day simple moving average is $2.57 and its two-hundred day simple moving average is $2.84. The company has a quick ratio of 1.01, a current ratio of 1.47 and a debt-to-equity ratio of 0.75. Rekor Systems has a 52-week low of $1.00 and a 52-week high of $4.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REKR. International Assets Investment Management LLC acquired a new stake in shares of Rekor Systems in the third quarter valued at about $26,000. Parkside Financial Bank & Trust raised its holdings in Rekor Systems by 233.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 10,000 shares of the company’s stock valued at $28,000 after acquiring an additional 7,000 shares during the last quarter. Freedom Wealth Alliance LLC purchased a new position in Rekor Systems in the 3rd quarter worth approximately $32,000. Lake Hills Wealth Management LLC acquired a new position in shares of Rekor Systems during the 4th quarter worth approximately $38,000. Finally, Eudaimonia Partners LLC purchased a new stake in shares of Rekor Systems in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 45.71% of the company’s stock.

About Rekor Systems

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Rekor Systems, Inc, a technology company, provides intelligent infrastructure solutions for transportation management, public safety, and urban mobility markets in the United States, Canada, and internationally. It leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.

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Earnings History and Estimates for Rekor Systems (NASDAQ:REKR)

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