Rekor Systems (NASDAQ:REKR) updated its first quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $4.20 M-, compared to the consensus revenue estimate of $3.77 million.
A number of research analysts recently commented on the company. B. Riley reaffirmed a buy rating and issued a $26.00 price target (up previously from $21.50) on shares of Rekor Systems in a research note on Friday, February 12th. Lake Street Capital assumed coverage on Rekor Systems in a research note on Monday, March 1st. They set a buy rating for the company. Northland Securities reissued a buy rating and set a $26.00 target price (up previously from $24.00) on shares of Rekor Systems in a research note on Monday, April 19th. Finally, Zacks Investment Research downgraded Rekor Systems from a hold rating to a sell rating in a research note on Wednesday, March 17th.
NASDAQ REKR traded down $0.22 during trading on Tuesday, hitting $22.14. 42,163 shares of the company’s stock were exchanged, compared to its average volume of 983,088. The company has a quick ratio of 4.55, a current ratio of 4.65 and a debt-to-equity ratio of 0.05. Rekor Systems has a fifty-two week low of $3.09 and a fifty-two week high of $25.38. The stock’s 50 day moving average price is $20.94 and its two-hundred day moving average price is $12.26.
Rekor Systems, Inc, through its subsidiaries, provides vehicle identification and management systems based on artificial intelligence in the United States, Canada, and internationally. It offers OpenALPR software, a vehicle recognition software. The company provides vehicle recognition and data management products and services; traffic safety systems, including hardware that identifies red light and school safety zone traffic violations, as well as software, which captures and offers forensic quality images and data, and supports citation management services; and enterprise parking enforcement solutions.
Further Reading: Limitations of analyzing profit margin
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