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

Rekor Systems, Inc. (NASDAQ:REKR) – 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 forecasts that the company will post earnings per share of ($0.11) 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 Trading Up 9.9 %

NASDAQ:REKR opened at $2.22 on Thursday. The business’s 50-day moving average is $2.63 and its two-hundred day moving average is $2.85. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.47 and a quick ratio of 1.01. Rekor Systems has a 12 month low of $1.00 and a 12 month high of $4.15. The firm has a market capitalization of $189.41 million, a PE ratio of -3.04 and a beta of 2.13.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank increased its position in shares of Rekor Systems by 7.8% during the first quarter. Swiss National Bank now owns 83,200 shares of the company’s stock worth $379,000 after acquiring an additional 6,000 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Rekor Systems by 19.6% during the first quarter. JPMorgan Chase & Co. now owns 26,075 shares of the company’s stock worth $119,000 after acquiring an additional 4,282 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Rekor Systems during the first quarter worth about $156,000. Rhumbline Advisers increased its position in shares of Rekor Systems by 16.1% during the first quarter. Rhumbline Advisers now owns 34,677 shares of the company’s stock worth $158,000 after acquiring an additional 4,803 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Rekor Systems by 18.0% during the first quarter. Vanguard Group Inc. now owns 2,066,646 shares of the company’s stock worth $9,423,000 after acquiring an additional 315,534 shares during the last quarter. 45.71% of the stock is owned by hedge funds and other institutional investors.

Rekor Systems Company Profile

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.