Rekor Systems, Inc. (REKR) is experiencing a surge in interest among retail investors, as evidenced by the lively discussions on Reddit. The company, which specializes in AI-driven real-time information systems for the transportation sector, has been the subject of speculation regarding potential new contracts. Rumors suggest that Rekor is in the final stages of securing a significant contract with a major state, although official announcements are pending. This speculation, coupled with insider and institutional purchases, has fueled optimism among investors. Additionally, the company has indicated it will not require further financing and anticipates turning profitable by the second quarter of 2025, which has further bolstered investor confidence.
The stock's recent performance has also been buoyed by a notable increase in trading volume, with many Reddit users expressing enthusiasm for the stock's potential. Comments such as "Just bought 1000 shares let's go!" and "I noticed it was bottoming out too. Got 1800 shares at $0.84" reflect the bullish sentiment among retail traders. The excitement is further amplified by discussions about the company's partnerships with major firms like AWS, NVDA, and Motorola, which are seen as positive indicators for future growth.
Rekor Systems, Inc. is currently trading at $1.25, marking a 22.55% increase from its previous close of $1.02.