Duos Technologies Group (NASDAQ:DUOT) Shares Up 2.5% - Here's Why

Key Points

• Duos Technologies Group shares increased by 2.5%, trading between $8.67 and $9.32 with a total volume of 179,186 shares, significantly lower than the average.
• Analysts have varied opinions on the stock, with two rating it as a buy, one as a sell, and a consensus rating of "hold" with a price target of $12.75.
• In the latest quarterly earnings, Duos missed EPS estimates, reporting ($0.30) while its revenue exceeded expectations at $5.74 million.

Duos Technologies Group, Inc. (NASDAQ:DUOT - Get Free Report) shares shot up 2.5% during mid-day trading on Wednesday . The stock traded as high as $9.32 and last traded at $8.89. 179,186 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 270,699 shares. The stock had previously closed at $8.67.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Duos Technologies Group from a "hold" rating to a "sell" rating in a research report on Friday, September 26th. Ascendiant Capital Markets lifted their price objective on Duos Technologies Group from $11.00 to $11.50 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Duos Technologies Group in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $12.75.

Duos Technologies Group Stock Up 2.5%

The business has a 50-day simple moving average of $7.12 and a 200-day simple moving average of $7.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.37. The company has a market cap of $180.02 million, a price-to-earnings ratio of -8.31 and a beta of 1.08.

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

Institutional Investors Weigh In On Duos Technologies Group

Several institutional investors have recently added to or reduced their stakes in DUOT. XTX Topco Ltd purchased a new position in Duos Technologies Group in the first quarter valued at approximately $82,000. AMH Equity Ltd acquired a new stake in shares of Duos Technologies Group in the 1st quarter valued at about $282,000. Informed Momentum Co LLC purchased a new position in Duos Technologies Group during the 1st quarter worth approximately $528,000. Geode Capital Management LLC increased its position in Duos Technologies Group by 38.9% during the second quarter. Geode Capital Management LLC now owns 95,682 shares of the company's stock worth $684,000 after buying an additional 26,821 shares during the period. Finally, Huntleigh Advisors Inc. acquired a new stake in shares of Duos Technologies Group in the first quarter valued at approximately $739,000. Hedge funds and other institutional investors own 42.61% of the company's stock.

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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