Rekor Systems: Risk-Reward Unattractive Due To Potential Liquidity Risk [Seeking Alpha]
Rekor Systems, Inc. (REKR)
Company Research
Source: Seeking Alpha
The stock has seen below-average performance since going public in 2017, but has gained momentum in the past year. The company's lack of cash generation and depleting cash reserves pose liquidity risks, despite potential demand from government-funded infrastructure projects. Rekor Systems ( NASDAQ: REKR ) is a company providing AI-driven hardware and software technology that gathers mobility data from transport activities to deliver roadway intelligence. REKR changed its name from Novume Solutions in 2019, and the stock appears to have gone public at a price of $2 in 2017. All-time return since then has been below average, in my opinion. REKR saw its all-time high of $23 upon the completion of common stock offering in 2021, but performance continued to deteriorate since. Most recently, since last year, REKR has gained quite a momentum. It is currently trading around $2.4 per share, up 117% over the past year. I initiate my coverage with a neutral rating. My 1-year price targe
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REKR
News
- While institutions own 29% of Rekor Systems, Inc. (NASDAQ:REKR), individual investors are its largest shareholders with 46% ownership [Yahoo! Finance]Yahoo! Finance
- Rekor Systems to Announce First Quarter Fiscal 2024 Results Accesswire
- Rekor Systems Full Year 2023 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Rekor Systems, Inc. (NASDAQ: REKR) had its "outperform" rating re-affirmed by analysts at William Blair.MarketBeat
- Rekor Systems, Inc. (NASDAQ:REKR) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
REKR
Earnings
- 11/14/23 - Miss
REKR
Sec Filings
- 4/22/24 - Form 8-K
- 4/19/24 - Form 8-K
- 3/25/24 - Form DEF
- REKR's page on the SEC website