William Blair Comments on Rekor Systems, Inc.’s Q1 2024 Earnings (NASDAQ:REKR)

Rekor Systems, Inc. (NASDAQ:REKR) – Investment analysts at William Blair issued their Q1 2024 earnings per share (EPS) estimates for Rekor Systems in a research report issued to clients and investors on Tuesday, March 26th. William Blair analyst L. Dipalma anticipates that the company will earn ($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 REKR stock opened at $2.22 on Thursday. The company has a market capitalization of $189.41 million, a P/E ratio of -3.04 and a beta of 2.13. The business’s 50 day moving average is $2.63 and its two-hundred day moving average is $2.85. The company has a current ratio of 1.47, a quick ratio of 1.01 and a debt-to-equity ratio of 0.75. Rekor Systems has a 12-month low of $1.00 and a 12-month high of $4.15.

Hedge Funds Weigh In On Rekor Systems

A number of hedge funds have recently bought and sold shares of REKR. International Assets Investment Management LLC purchased a new position in Rekor Systems during the third quarter worth approximately $26,000. Parkside Financial Bank & Trust lifted its position in shares of Rekor Systems by 233.3% in the third quarter. Parkside Financial Bank & Trust now owns 10,000 shares of the company’s stock valued at $28,000 after acquiring an additional 7,000 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new position in shares of Rekor Systems in the first quarter valued at approximately $28,000. Freedom Wealth Alliance LLC purchased a new position in shares of Rekor Systems in the third quarter valued at approximately $32,000. Finally, Eudaimonia Partners LLC purchased a new position in shares of Rekor Systems in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 45.71% of the company’s stock.

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.