Rekor Systems (NASDAQ:REKR) Stock Price Up 5% – What’s Next?

Shares of Rekor Systems, Inc. (NASDAQ:REKR) shot up 5% on Friday . The company traded as high as $0.8653 and last traded at $0.8227. 2,638,815 shares were traded during trading, a decline of 11% from the average session volume of 2,967,987 shares. The stock had previously closed at $0.7838.

Analyst Ratings Changes

REKR has been the subject of several research analyst reports. Wall Street Zen raised shares of Rekor Systems from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rekor Systems in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Rekor Systems Trading Up 5.0%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.20 and a current ratio of 1.45. The company has a market cap of $104.23 million, a price-to-earnings ratio of -1.96 and a beta of 2.13. The company’s fifty day moving average is $1.31 and its two-hundred day moving average is $1.61.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV boosted its holdings in Rekor Systems by 100.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,401,350 shares of the company’s stock valued at $4,745,000 after purchasing an additional 1,700,650 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Rekor Systems by 570.6% in the 4th quarter. Quadrature Capital Ltd now owns 284,905 shares of the company’s stock valued at $393,000 after buying an additional 242,419 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Rekor Systems in the fourth quarter worth about $71,000. 683 Capital Management LLC purchased a new stake in shares of Rekor Systems in the fourth quarter worth about $644,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Rekor Systems during the fourth quarter worth about $84,000. 45.71% of the stock is currently owned by institutional investors and hedge funds.

About Rekor Systems

Rekor Systems, Inc is a U.S.-based technology company specializing in real-time vehicle recognition solutions powered by artificial intelligence and machine learning. The company develops software and hardware systems that capture, analyze and store vehicle data—such as license plate images, make and model, color and vehicle characteristics—by leveraging advanced computer vision algorithms. Rekor’s platforms enable public safety agencies, transportation departments and private enterprises to automate vehicle identification, enhance situational awareness and improve operational efficiency.

The company’s flagship offering is a suite of intelligent camera and analytics products that include built-in license plate recognition (LPR) and vehicle attribute classification.