Rekor Systems (NASDAQ:REKR) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Rekor Systems (NASDAQ:REKR) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rekor Systems in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Rekor Systems currently has a consensus rating of “Sell”.

Rekor Systems Price Performance

Shares of NASDAQ REKR opened at $0.84 on Friday. The business’s 50 day moving average price is $0.90 and its 200 day moving average price is $1.55. The firm has a market cap of $114.62 million, a P/E ratio of -3.23 and a beta of 2.00. Rekor Systems has a 52 week low of $0.62 and a 52 week high of $3.42. The company has a quick ratio of 1.20, a current ratio of 1.45 and a debt-to-equity ratio of 0.41.

Rekor Systems (NASDAQ:REKR) last issued its earnings results on Tuesday, March 31st. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The firm had revenue of $12.70 million during the quarter, compared to analysts’ expectations of $14.56 million. Rekor Systems had a negative net margin of 89.82% and a negative return on equity of 126.37%. On average, sell-side analysts expect that Rekor Systems will post -0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Centiva Capital LP acquired a new stake in Rekor Systems in the 3rd quarter valued at $34,000. International Assets Investment Management LLC acquired a new stake in Rekor Systems in the 4th quarter valued at $35,000. NewEdge Advisors LLC grew its stake in Rekor Systems by 74.6% in the 2nd quarter. NewEdge Advisors LLC now owns 32,055 shares of the company’s stock valued at $37,000 after acquiring an additional 13,700 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Rekor Systems by 845.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 33,263 shares of the company’s stock valued at $46,000 after acquiring an additional 29,745 shares during the period. Finally, Creative Planning grew its stake in Rekor Systems by 233.7% in the 2nd quarter. Creative Planning now owns 40,035 shares of the company’s stock valued at $46,000 after acquiring an additional 28,037 shares during the period. Hedge funds and other institutional investors own 45.71% of the company’s stock.

Rekor Systems Company Profile

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.