Duos Technologies Group (NASDAQ:DUOT) Given New $11.50 Price Target at Ascendiant Capital Markets

Key Points

• Ascendiant Capital Markets has increased its price target for Duos Technologies Group (NASDAQ:DUOT) from $11.00 to $11.50, indicating a potential upside of 53.54% from its current stock price.
• The stock has received an average rating of "Buy" from analysts, with a consensus target price of $12.75.
• Duos Technologies reported a loss of ($0.30) earnings per share for the last quarter, missing estimates, but showed revenue of $5.74 million, surpassing consensus expectations.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) had its target price upped by stock analysts at Ascendiant Capital Markets from $11.00 to $11.50 in a report released on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Ascendiant Capital Markets' target price points to a potential upside of 53.54% from the stock's current price.

Separately, Wall Street Zen upgraded Duos Technologies Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $12.75.

Duos Technologies Group Stock Performance

DUOT opened at $7.49 on Wednesday. The company has a market cap of $151.67 million, a PE ratio of -7.00 and a beta of 1.10. The stock has a 50-day moving average of $6.97 and a 200-day moving average of $6.82. Duos Technologies Group has a 52-week low of $2.40 and a 52-week high of $9.27. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.37.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.08). Duos Technologies Group had a negative return on equity of 297.45% and a negative net margin of 67.62%.The company had revenue of $5.74 million for the quarter, compared to the consensus estimate of $4.94 million. Duos Technologies Group has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Duos Technologies Group will post -1.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duos Technologies Group

A number of hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new stake in Duos Technologies Group during the 4th quarter valued at $74,000. XTX Topco Ltd acquired a new stake in Duos Technologies Group during the 1st quarter valued at $82,000. Northern Trust Corp increased its holdings in Duos Technologies Group by 80.3% during the 4th quarter. Northern Trust Corp now owns 38,786 shares of the company's stock valued at $232,000 after purchasing an additional 17,270 shares in the last quarter. AMH Equity Ltd acquired a new stake in Duos Technologies Group during the 1st quarter valued at $282,000. Finally, Informed Momentum Co LLC acquired a new stake in Duos Technologies Group during the 1st quarter valued at $528,000. 42.61% of the stock is owned by institutional investors and hedge funds.

About Duos Technologies Group

Duos Technologies Group, Inc designs, develops, deploys, and operates intelligent technology solutions in North America. The company provides solutions, such as Centraco, an enterprise information management software platform that consolidates data and events from multiple sources into a unified and distributive user interface; and truevue360, an integrated platform to develop and deploy artificial intelligence algorithms, including machine learning, computer vision, object detection, and deep neural network-based processing for real-time applications.

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