Rekor Systems (NASDAQ:REKR) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Rekor Systems (NASDAQ:REKR) issued its earnings results on Monday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02), FiscalAI reports. Rekor Systems had a negative return on equity of 84.96% and a negative net margin of 64.93%.The company had revenue of $10.26 million during the quarter, compared to analysts’ expectations of $11.16 million.

Rekor Systems Price Performance

Rekor Systems stock traded down $0.00 during mid-day trading on Monday, reaching $0.87. 3,757,618 shares of the company traded hands, compared to its average volume of 2,992,409. Rekor Systems has a fifty-two week low of $0.72 and a fifty-two week high of $3.42. The company has a market capitalization of $119.22 million, a price-to-earnings ratio of -3.36 and a beta of 1.83. The firm’s fifty day moving average is $0.86 and its two-hundred day moving average is $1.38.

Institutional Trading of Rekor Systems

Large investors have recently made changes to their positions in the business. Centiva Capital LP purchased a new position in Rekor Systems during the third quarter valued at $34,000. Bank of America Corp DE lifted its holdings in Rekor Systems by 513.9% during the third quarter. Bank of America Corp DE now owns 30,728 shares of the company’s stock valued at $48,000 after purchasing an additional 25,723 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Rekor Systems by 74.6% during the second quarter. NewEdge Advisors LLC now owns 32,055 shares of the company’s stock valued at $37,000 after purchasing an additional 13,700 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Rekor Systems during the third quarter valued at $52,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Rekor Systems by 845.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 33,263 shares of the company’s stock valued at $46,000 after purchasing an additional 29,745 shares in the last quarter. 45.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

REKR has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Rekor Systems in a research report on Tuesday, April 21st. Wall Street Zen cut shares of Rekor Systems from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.