Northland Capmk Equities Analysts Reduce Earnings Estimates for Rekor Systems, Inc. (NASDAQ:REKR)

Rekor Systems, Inc. (NASDAQ:REKR) – Analysts at Northland Capmk reduced their FY2024 earnings per share estimates for Rekor Systems in a report released on Monday, October 7th. Northland Capmk analyst M. Latimore now anticipates that the company will post earnings of ($0.55) per share for the year, down from their prior estimate of ($0.54). The consensus estimate for Rekor Systems’ current full-year earnings is ($0.49) per share. Northland Capmk also issued estimates for Rekor Systems’ Q4 2024 earnings at ($0.09) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.04) EPS and Q4 2025 earnings at ($0.03) EPS.

Rekor Systems (NASDAQ:REKR) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. The company had revenue of $12.43 million for the quarter, compared to analyst estimates of $12.15 million. Rekor Systems had a negative return on equity of 112.99% and a negative net margin of 118.66%.

Separately, Wedbush reiterated an “outperform” rating on shares of Rekor Systems in a report on Thursday, August 15th.

Rekor Systems Price Performance

NASDAQ:REKR opened at $1.16 on Thursday. Rekor Systems has a 52 week low of $1.01 and a 52 week high of $3.92. The company has a quick ratio of 0.67, a current ratio of 0.84 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $102.66 million, a P/E ratio of -1.73 and a beta of 1.96. The stock’s fifty day moving average is $1.26 and its two-hundred day moving average is $1.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Cantor Fitzgerald L. P. raised its stake in Rekor Systems by 10.0% during the 4th quarter. Cantor Fitzgerald L. P. now owns 3,507,335 shares of the company’s stock valued at $11,679,000 after acquiring an additional 320,265 shares during the last quarter. Sierra Summit Advisors LLC purchased a new stake in Rekor Systems during the 4th quarter valued at approximately $312,000. Lake Hills Wealth Management LLC raised its stake in Rekor Systems by 97.4% during the 1st quarter. Lake Hills Wealth Management LLC now owns 22,541 shares of the company’s stock valued at $52,000 after acquiring an additional 11,121 shares during the last quarter. International Assets Investment Management LLC raised its stake in Rekor Systems by 257.1% during the 1st quarter. International Assets Investment Management LLC now owns 36,250 shares of the company’s stock valued at $82,000 after acquiring an additional 26,100 shares during the last quarter. Finally, Cannon Global Investment Management LLC purchased a new position in shares of Rekor Systems during the 1st quarter worth approximately $94,000. 45.71% of the stock is owned by institutional investors and hedge funds.

About Rekor Systems

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers 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 automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.