NASDAQ:REKR

Rekor Systems (REKR) Stock Forecast, Price & News

$2.72

+0.06 (+2.26%)

(As of 09/26/2023 ET)

Compare

Today's Range: $2.64
▼
$2.78
50-Day Range: $2.38
▼
$4.08
52-Week Range: $0.56
▼
$4.15

Volume: 963,530 shs
Average Volume: 1.30 million shs
Market Capitalization: $188.14 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.88

Rekor Systems MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 42.5% Upside
$3.88 Price Target
Short Interest: Bearish
7.59% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$113,000 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.66) to ($0.31) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

Computer And Technology Sector

494th out of 585 stocks

Communications Equipment, Not Elsewhere Classified Industry

8th out of 10 stocks

3.5

Analyst's Opinion

Consensus Rating
Rekor Systems has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $3.88, Rekor Systems has a forecasted upside of 42.5% from its current price of $2.72.
Amount of Analyst Coverage
Rekor Systems has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
7.59% of the outstanding shares of Rekor Systems have been sold short.
Short Interest Ratio / Days to Cover
Rekor Systems has a short interest ratio ("days to cover") of 5.4.
Change versus previous month
Short interest in Rekor Systems has recently increased by 34.96%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Rekor Systems does not currently pay a dividend.
Dividend Growth
Rekor Systems does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for REKR.

2.7

News and Social Media Coverage

News Sentiment
Rekor Systems has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Rekor Systems this week, compared to 1 article on an average week.
Search Interest
Only 20 people have searched for REKR on MarketBeat in the last 30 days. This is a decrease of -41% compared to the previous 30 days.
MarketBeat Follows
14 people have added Rekor Systems to their MarketBeat watchlist in the last 30 days. This is an increase of 27% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Rekor Systems insiders have bought more of their company's stock than they have sold. Specifically, they have bought $113,000.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 8.40% of the stock of Rekor Systems is held by insiders.
Percentage Held by Institutions
40.56% of the stock of Rekor Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Rekor Systems are expected to grow in the coming year, from ($0.66) to ($0.31) per share.
Price to Book Value per Share Ratio
Rekor Systems has a P/B Ratio of 2.99. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Rekor Systems (NASDAQ:REKR) Stock

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. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that provides various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and fully automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which fully automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders. The company also offers Rekor AutoNotice, a cloud-based financial management application that delivers an information and citation management solution for cities, states, and municipalities for primary and secondary offenses; and Rekor CarCheck, which allows its AI based vehicle and license plate recognition technology to be conveniently accessed for a range of commercial applications. In addition, it offers Rekor Edge Max System, a fixed traffic data collection system; Rekor Edge Pro, a vehicle recognition solution; and Rekor Edge Flex, a portable data collection system. Rekor Systems, Inc. was incorporated in 2017 and is headquartered in Columbia, Maryland.

REKR Price History

30 days | 90 days | 365 days | Advanced Chart

REKR Stock News Headlines

September 13, 2023 | finance.yahoo.com

Breakthrough Rekor Command(TM) Platform for AI-based Traffic Management Now Available in AWS Marketplace

September 6, 2023 | finanznachrichten.de

Is Rekor Systems , A Company Bringing AI To A Largely Untapped Market, On Your Watchlist?

September 27, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."

September 5, 2023 | benzinga.com

Is Rekor Systems (NASDAQ: REKR), A Company Bringing AI To A Largely Untapped Market, On Your Watchlist?

August 31, 2023 | nasdaq.com

Rekor Systems (REKR) Price Target Increased by 25.93% to 4.34

August 24, 2023 | finance.yahoo.com

Rekor Systems' Market Cap Up US$65m Following Year Of Insider Stock Buying

August 23, 2023 | benzinga.com

Rekor Systems Chief Executive Officer Acquires 125,000 Shares of Company Stock

August 19, 2023 | finance.yahoo.com

Arctis Global LLC Boosts Stake in Rekor Systems Inc

September 27, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

August 15, 2023 | msn.com

B. Riley Securities Maintains Rekor Systems (REKR) Buy Recommendation

August 14, 2023 | finance.yahoo.com

Rekor Systems, Inc. Reports Record Second Quarter 2023 Financial Results

August 10, 2023 | finanznachrichten.de

Rekor Systems, Inc.: New Rekor Discover Vehicle Insite Application Unlocks Unprecedented Customer Insights and Growth for Brick-and-Mortar Businesses

August 10, 2023 | finance.yahoo.com

New Rekor Discover(TM) Vehicle Insite Application Unlocks Unprecedented Customer Insights and Growth for Brick-and-Mortar Businesses

August 8, 2023 | finance.yahoo.com

Rekor's Multifaceted AI Sniffs Out Notorious Drug Trafficker - Same Tech Holds Potential for Monitoring Traffic Flow, Emissions, Uninsured Vehicles, Weight And Volume On Roadway

August 3, 2023 | finance.yahoo.com

Rekor Systems and Tel Aviv University LAMBDA Partner to Push the Frontiers of AI-based Roadway Intelligence

July 27, 2023 | finance.yahoo.com

Rekor Systems Announces Nomination of Professor Sanjay Sarma and Tim Davenport As New Board Directors

July 25, 2023 | finance.yahoo.com

Rekor Systems Moves Up Date for Second Quarter 2023 Financial Results Announcement, Now Scheduled for August 14, 2023, After Market Close

July 21, 2023 | finance.yahoo.com

Rekor Systems and AWS Industry Report Unlocks The True Potential For US Transportation

July 18, 2023 | benzinga.com

AI & The Future: Rekor Is Helping Build The Future Of Transportation Using AI

July 18, 2023 | benzinga.com

Rekor Systems Anticipates Over 110% Growth In Q2 2023 Revenue, Surpassing Projections As The Company Gears Up For More Growth

July 17, 2023 | finance.yahoo.com

Rekor Systems To Deliver Record Q2 2023 Revenue of Over $8.0 Million, Marking Exceptional Growth of More Than 110% vs. Q2 2022 and An Increase in Excess of 30% vs. Q1 2023

July 12, 2023 | benzinga.com

Rekor's Multi-Mission AI Technology Revolutionizes Roadway Safety, Reducing Uninsured Motorist Incidents and Bias in Traffic Enforcement

June 29, 2023 | benzinga.com

Rekor Systems – America's Roadways Are Broken; This Company Is Using AI To Fix Them

June 29, 2023 | finance.yahoo.com

Rekor Systems (NASDAQ:REKR) shareholders are up 27% this past week, but still in the red over the last three years

June 27, 2023 | finanznachrichten.de

Rekor Systems: Rekor's Network Of Partners Could Position It In A Central Role In The Development Of U.S. Infrastructure

June 26, 2023 | benzinga.com

Rekor's Network Of Partners Could Position It In A Central Role In The Development Of U.S. Infrastructure

June 21, 2023 | finance.yahoo.com

A Rapidly Growing Shift From Analog Methods To Predictive Roadway Analytics - How One Company is Breaking Ground in AI-Based Predictive Traffic Analytics

See More Headlines

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REKR Company Calendar

Last Earnings: 8/14/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/13/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Communications equipment, not elsewhere classified
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:REKR
CUSIP: N/A
CIK: 1697851
Web: www.rekorsystems.com
Phone: (410) 762-0800
Fax: N/A
Employees: 267
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $3.88
High Stock Price Forecast: $4.00
Low Stock Price Forecast: $3.75
Forecasted Upside/Downside: +42.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-83,110,000.00
Net Margins: -282.34%
Pretax Margin: -286.38%
Return on Equity: -159.54%
Return on Assets: -89.23%

Debt

Debt-to-Equity Ratio: 0.23
Current Ratio: 0.88
Quick Ratio: 0.70

Sales & Book Value

Annual Sales: $19.92 million
Price / Sales: 9.44
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.91 per share
Price / Book: 2.99

Miscellaneous

Outstanding Shares: 69,170,000
Free Float: 63,358,000
Market Cap: $188.14 million
Optionable: Not Optionable
Beta: 2.21

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Key Executives

Mr. Robert Alan Berman (Age 62)
Exec. Chairman & CEO
Comp: $710.09k

Mr. David Philip Desharnais (Age 51)
Pres & COO
Comp: $972.22k

Mr. Eyal Hen (Age 50)
Chief Financial Officer
Comp: $452.2k

Mr. Christopher Kadoch
Chief Technology Officer

Mr. Mathew Anthony Hill (Age 39)
Chief Science Officer

Mr. Bulent S. Ozcan C.F.A.
Director of Investor Relations

Mr. Claud V. S. Eley
Outside Gen. Counsel

Mr. Charles A. Degliomini (Age 64)
Exec. VP of Gov. Relations & Corp. Communications

Ms. Debra Shakerdge-Hennessy
Chief People Officer

Mr. Riaz Latifullah (Age 66)
Exec. VP of Strategic Program Devel.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

REKR Stock - Frequently Asked Questions

Should I buy or sell Rekor Systems stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rekor Systems in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" REKR shares.
View REKR analyst ratings or view top-rated stocks.
What is Rekor Systems' stock price forecast for 2023?: 1 equities research analysts have issued 1-year price targets for Rekor Systems' stock. Their REKR share price forecasts range from $3.75 to $4.00. On average, they anticipate the company's stock price to reach $3.88 in the next twelve months. This suggests a possible upside of 42.5% from the stock's current price.
View analysts price targets for REKR or view top-rated stocks among Wall Street analysts.
How have REKR shares performed in 2023?: Rekor Systems' stock was trading at $1.20 at the beginning of 2023. Since then, REKR stock has increased by 126.7% and is now trading at $2.72.
View the best growth stocks for 2023 here.
When is Rekor Systems' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our REKR earnings forecast.
How were Rekor Systems' earnings last quarter?: Rekor Systems, Inc. (NASDAQ:REKR) released its quarterly earnings data on Monday, August, 14th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by $0.02. The business earned $8.56 million during the quarter, compared to analysts' expectations of $8.03 million. Rekor Systems had a negative net margin of 282.34% and a negative trailing twelve-month return on equity of 159.54%.
What guidance has Rekor Systems issued on next quarter's earnings?: Rekor Systems updated its second quarter 2023 earnings guidance on Wednesday, July, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.00M-, compared to the consensus revenue estimate of $7.55 million.

What other stocks do shareholders of Rekor Systems own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Rekor Systems investors own include Cytosorbents (CTSO), Micron Technology (MU), Aurora Cannabis (ACB), Delta Air Lines (DAL), NVIDIA (NVDA), Tesla (TSLA), Blink Charging (BLNK), Domino's Pizza (DPZ).
What is Rekor Systems' stock symbol?: Rekor Systems trades on the NASDAQ under the ticker symbol "REKR."
Who are Rekor Systems' major shareholders?: Rekor Systems' stock is owned by a number of retail and institutional investors. Top institutional investors include Cantor Fitzgerald L. P. (4.59%), Shay Capital LLC (3.12%), BlackRock Inc. (0.89%), Tejara Capital Ltd (0.75%), Geode Capital Management LLC (0.73%) and Renaissance Technologies LLC (0.35%). Insiders that own company stock include Arctis Global Llc, Eyal Hen, Glenn S Goord, Goldman Sachs Group Inc, Matthew Anthony Hill, Robert Alan Berman and Rodney Hillman.
View institutional ownership trends.
How do I buy shares of Rekor Systems?: Shares of REKR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Rekor Systems' stock price today?: One share of REKR stock can currently be purchased for approximately $2.72.
How much money does Rekor Systems make?: Rekor Systems (NASDAQ:REKR) has a market capitalization of $188.14 million and generates $19.92 million in revenue each year.
How many employees does Rekor Systems have?: The company employs 267 workers across the globe.
How can I contact Rekor Systems?: Rekor Systems' mailing address is 7172 Columbia Gateway Drive Suite 400, Columbia MD, 21046. The official website for the company is www.rekorsystems.com. The company can be reached via phone at (410) 762-0800 or via email at ir@rekorsystems.com.

This page (NASDAQ:REKR) was last updated on 9/27/2023 by MarketBeat.com Staff

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