Q2 2024 Earnings Forecast for Duos Technologies Group, Inc. Issued By Northland Capmk (NASDAQ:DUOT)

Duos Technologies Group, Inc. (NASDAQ:DUOT) – Northland Capmk lifted their Q2 2024 EPS estimates for Duos Technologies Group in a research report issued to clients and investors on Thursday, May 16th. Northland Capmk analyst M. Latimore now anticipates that the company will earn ($0.31) per share for the quarter, up from their previous estimate of ($0.32). The consensus estimate for Duos Technologies Group’s current full-year earnings is ($0.88) per share. Northland Capmk also issued estimates for Duos Technologies Group’s Q3 2024 earnings at ($0.17) EPS, Q4 2024 earnings at ($0.02) EPS, FY2024 earnings at ($0.88) EPS and FY2025 earnings at ($0.30) EPS.

Duos Technologies Group Trading Down 13.1 %

Shares of DUOT opened at $2.26 on Monday. The firm’s 50-day moving average is $3.40 and its two-hundred day moving average is $3.44. Duos Technologies Group has a twelve month low of $1.93 and a twelve month high of $7.20. The firm has a market capitalization of $17.02 million, a P/E ratio of -1.37 and a beta of 1.16.

Duos Technologies Group (NASDAQ:DUOT) last issued its earnings results on Monday, April 1st. The company reported ($0.44) earnings per share for the quarter. Duos Technologies Group had a negative return on equity of 237.64% and a negative net margin of 200.92%. The company had revenue of $1.53 million for the quarter, compared to analyst estimates of $1.60 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DUOT. Tucker Asset Management LLC grew its position in shares of Duos Technologies Group by 10,829.0% in the third quarter. Tucker Asset Management LLC now owns 10,929 shares of the company’s stock valued at $56,000 after purchasing an additional 10,829 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Duos Technologies Group in the first quarter valued at approximately $51,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Duos Technologies Group in the first quarter valued at approximately $85,000. Spire Wealth Management acquired a new stake in shares of Duos Technologies Group in the fourth quarter valued at approximately $100,000. Finally, Private Advisor Group LLC grew its position in shares of Duos Technologies Group by 6.9% in the third quarter. Private Advisor Group LLC now owns 51,756 shares of the company’s stock valued at $266,000 after purchasing an additional 3,350 shares during the last quarter. 42.61% of the stock is currently owned by institutional investors and hedge funds.

About Duos Technologies Group

Duos Technologies Group, Inc designs, develops, deploys, and operates intelligent technology solutions in North America. The company provides solutions, such as Centraco, an enterprise information management software platform that consolidates data and events from multiple sources into a unified and distributive user interface; and truevue360, an integrated platform to develop and deploy artificial intelligence algorithms, including machine learning, computer vision, object detection, and deep neural network-based processing for real-time applications.