Duos Technologies Group (NASDAQ:DUOT) Issues Earnings Results

Key Points

• Duos Technologies Group reported a quarterly earnings per share (EPS) of ($0.30), missing the expected ($0.22) by ($0.08) and showing a negative net margin of 90.41%.
• Geode Capital Management increased its stake in Duos Technologies Group by 38.9%, owning 0.75% of the company, while institutional investors collectively own 42.61% of its stock.
• Analysts from Ascendiant Capital Markets raised their price target for Duos Technologies Group from $9.00 to $11.00, maintaining a "buy" rating.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.08), Zacks reports. The business had revenue of $5.74 million for the quarter, compared to analyst estimates of $4.94 million. Duos Technologies Group had a negative return on equity of 329.47% and a negative net margin of 67.62%. Duos Technologies Group updated its FY 2025 guidance to EPS.

Duos Technologies Group Stock Down 3.3%

NASDAQ DUOT traded down $0.21 during trading hours on Tuesday, hitting $6.10. 264,567 shares of the company traded hands, compared to its average volume of 166,465. The stock has a market capitalization of $77.76 million, a price-to-earnings ratio of -5.70 and a beta of 1.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.50 and a current ratio of 0.53. The business's 50-day moving average is $7.35 and its 200-day moving average is $6.79. Duos Technologies Group has a twelve month low of $2.22 and a twelve month high of $9.27.

Institutional Trading of Duos Technologies Group

An institutional investor recently raised its position in Duos Technologies Group stock. Geode Capital Management LLC raised its position in Duos Technologies Group, Inc. (NASDAQ:DUOT - Free Report) by 38.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,682 shares of the company's stock after acquiring an additional 26,821 shares during the quarter. Geode Capital Management LLC owned approximately 0.75% of Duos Technologies Group worth $684,000 at the end of the most recent reporting period. 42.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DUOT. Ascendiant Capital Markets raised their price target on Duos Technologies Group from $9.00 to $11.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Wall Street Zen lowered shares of Duos Technologies Group from a "hold" rating to a "sell" rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $12.50.

Duos Technologies Group Company Profile

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.