This summary was created by AI, based on 1 opinions in the last 12 months.
Rekor Systems has been a point of interest among experts, despite a notable downturn of 60% as of January 2, 2024. The company needed to raise funds, which did not sit well with the market, contributing to its decline. Additionally, there were delays associated with a significant contract in Florida that raised concerns. Nonetheless, experts remain optimistic about Rekor's AI technology, which they believe holds substantial potential for future growth. Overall, the sentiment appears mixed, as the current challenges do not overshadow the long-term prospects seen by analysts focused on the company's innovative solutions in the AI space.
Their AI-driven camera helps cities manage traffic. Are growing revenues 35% annually. Announced a bond offering to expand their business. They could win more contracts from cities. Are paid on a SAAS basis.
(Analysts’ price target is $4.50)AI-assisted counting of cars for municipalities, which can help with traffic flow. Expects a numbers of new states to sign pending Requests for Proposal. On the cusp of where it can really take off. No dividend.
(Analysts’ price target is $4.25)Uses A.I. technology for infrastructure support (traffic flow data etc.).
Believes strong demand for product.
Strong management team.
Growing business unit through strong r & d.
Volatile stock for high growth investors.
Rekor Systems is a American stock, trading under the symbol REKR-Q on the NASDAQ (REKR). It is usually referred to as NASDAQ:REKR or REKR-Q
In the last year, 1 stock analyst published opinions about REKR-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Rekor Systems .
Rekor Systems was recommended as a Top Pick by on . Read the latest stock experts ratings for Rekor Systems .
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Rekor Systems In the last year. It is a trending stock that is worth watching.
On 2025-02-18, Rekor Systems (REKR-Q) stock closed at a price of $2.18.
Needed to raise money, and market didn't like that. Florida contract was delayed. Still really likes it. AI technology.