Rekor Systems, Inc. Expected to Post Q1 2024 Earnings of ($0.11) Per Share (NASDAQ:REKR)

Rekor Systems, Inc. (NASDAQ:REKR) – William Blair issued their Q1 2024 earnings estimates for Rekor Systems in a research note issued to investors on Tuesday, March 26th. William Blair analyst L. Dipalma anticipates that the company will post earnings of ($0.11) per share for the quarter. William Blair has a “Outperform” rating on the stock. The consensus estimate for Rekor Systems’ current full-year earnings is ($0.24) per share. William Blair also issued estimates for Rekor Systems’ Q2 2024 earnings at ($0.08) EPS, Q3 2024 earnings at ($0.07) EPS, FY2024 earnings at ($0.31) EPS and FY2025 earnings at ($0.17) EPS.

Rekor Systems Stock Performance

Shares of NASDAQ REKR opened at $2.29 on Thursday. The company has a market cap of $195.38 million, a PE ratio of -3.15 and a beta of 2.13. Rekor Systems has a 12 month low of $1.00 and a 12 month high of $4.15. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.47 and a quick ratio of 1.01. The company has a 50-day simple moving average of $2.60 and a 200-day simple moving average of $2.85.

Institutional Investors Weigh In On Rekor Systems

A number of institutional investors have recently bought and sold shares of REKR. Armistice Capital LLC purchased a new stake in Rekor Systems in the first quarter valued at approximately $7,519,000. Shay Capital LLC grew its holdings in Rekor Systems by 172.7% in the second quarter. Shay Capital LLC now owns 2,150,000 shares of the company’s stock valued at $3,827,000 after purchasing an additional 1,361,726 shares during the period. Goldman Sachs Group Inc. grew its stake in Rekor Systems by 24.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,813,128 shares of the company’s stock worth $9,368,000 after buying an additional 547,085 shares during the period. Millennium Management LLC grew its stake in Rekor Systems by 126.7% during the second quarter. Millennium Management LLC now owns 909,620 shares of the company’s stock worth $1,601,000 after buying an additional 508,447 shares during the period. Finally, EAM Investors LLC purchased a new stake in Rekor Systems during the third quarter worth approximately $1,348,000. 45.71% of the stock is currently owned by hedge funds and other institutional investors.

About Rekor Systems

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.