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

→ If you have $2,500 bucks… check this out (From DTI) (Ad)

Rekor Systems, Inc. (NASDAQ:REKR - Free Report) - Investment analysts at Northland Capmk cut their Q1 2024 earnings estimates for Rekor Systems in a report issued on Tuesday, March 26th. Northland Capmk analyst M. Latimore now expects that the company will post earnings of ($0.11) per share for the quarter, down from their previous forecast 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.

Get Rekor Systems alerts:

Separately, William Blair reissued an "outperform" rating on shares of Rekor Systems in a research note on Tuesday.

Read Our Latest Stock Report on Rekor Systems

Rekor Systems Trading Up 3.2 %

Shares of Rekor Systems stock traded up $0.07 during trading on Friday, hitting $2.29. The company's stock had a trading volume of 1,602,384 shares, compared to its average volume of 1,486,025. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.47 and a quick ratio of 1.01. Rekor Systems has a 52 week low of $1.00 and a 52 week high of $4.15. The stock has a market cap of $195.38 million, a price-to-earnings ratio of -3.14 and a beta of 2.13. The stock has a 50-day moving average price of $2.57 and a two-hundred day moving average price of $2.84.

Ad Insiders Exposed

The Hard Truth About Investing For Retirement

Here’s the cold, hard truth about investing: The more capital you have, the more risk averse you can afford to be. But when you’re staring down the barrel of retirement and you’ve only got 5, 10, 50 or $100,000 saved, you’ve got to be more aggressive. In an exclusive online training, the Market expert Steven Place is revealing a powerful “roadmap” that’s leading everyday investors to easy, triple-digit wins, even if they don’t have a lot of experience in trading.

Click To Access This Powerful Training Right Now!

Institutional Trading of Rekor Systems

Institutional investors have recently bought and sold shares of the company. Tejara Capital Ltd boosted its position in Rekor Systems by 43.6% during the third quarter. Tejara Capital Ltd now owns 745,581 shares of the company's stock valued at $2,103,000 after acquiring an additional 226,411 shares during the last quarter. EAM Investors LLC bought a new stake in Rekor Systems during the third quarter valued at $1,348,000. Citigroup Inc. bought a new stake in Rekor Systems during the third quarter valued at $203,000. Bank of New York Mellon Corp boosted its position in Rekor Systems by 128.6% during the third quarter. Bank of New York Mellon Corp now owns 26,873 shares of the company's stock valued at $76,000 after acquiring an additional 15,118 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in Rekor Systems during the third quarter valued at $39,000. Institutional investors own 45.71% of the company's stock.

About Rekor Systems

(Get Free Report)

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.

Should you invest $1,000 in Rekor Systems right now?

Before you consider Rekor Systems, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rekor Systems wasn't on the list.

While Rekor Systems currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here