Stock of the Day - August 28, 2020

Rekor Systems (REKR)

$0.57

-$0.03 (-5.6%)

Market Cap: $82.57M

About Rekor Systems

Rekor Systems, Inc., a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.

It also offers Rekor AutoNotice, a cloud-based financial management application that delivers a turnkey information and citation management solution for cities, states, and municipalities for primary and secondary offenses; and Rekor CarCheck, which allows its AI based vehicle and license plate recognition technology to be accessed for a range of commercial applications. In addition, the company offers Rekor Edge Max System, a fixed traffic data collection system that captures and transforms roadway data into holistic traffic insights; Rekor Edge Pro, a vehicle recognition solution that is used on a standalone basis or integrated into a network; and Rekor Edge Flex, a portable data collection system. Further, it provides traffic services, including traditional traffic studies, which delivers data and insights for planning and management of roadway infrastructure and commercial initiatives; innovative AI-driven traffic studies for traffic management; and traffic engineering services. The company was incorporated in 2017 and is headquartered in Columbia, Maryland.

Today's Trend

Rekor Systems, Inc. (NASDAQ: REKR) shares are trading higher today, driven by a wave of new state transportation contracts, expanded deployments of its Rekor Discover® platform and upbeat analyst reiterations—offset slightly by a sell rating from Weiss Ratings.

Rekor secured a multi-year contract with the Georgia Department of Transportation, marking its largest state award potentially worth over $100 million. Rekor Systems secures multi-year contract with Georgia DOT
Initial deployments of Rekor Discover® commenced with CalTrans and TxDOT, signaling scalable statewide opportunities for its Data-as-a-Service model. Early Deployments with Caltrans and Texas DOT for Rekor Discover
Shares jumped after landing new state transportation contracts, reflecting strong demand for Rekor’s AI-powered roadway intelligence. Rekor Systems stock soars on new state transportation contracts
Northland Securities reiterated its buy rating, underscoring confidence in Rekor’s growth outlook. Northland Securities Sticks to Their Buy Rating for Rekor Systems
William Blair maintained its buy recommendation on REKR, reflecting analyst optimism around its roadmap. Rekor Systems Gets a Buy from William Blair
Short interest remains negligible with a days-to-cover ratio around zero, indicating limited bearish positioning.
Weiss Ratings reaffirmed a sell (D-) rating on REKR shares, highlighting ongoing concerns about profitability and execution risks. Rekor Systems Receives "Sell (D-)" Rating from Weiss Ratings

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Rekor Systems (REKR)

About Rekor Systems

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