Duos Technologies Group, Inc. $DUOT Shares Sold by MYDA Advisors LLC

MYDA Advisors LLC cut its stake in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) by 61.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 100,000 shares of the company’s stock after selling 160,000 shares during the period. MYDA Advisors LLC’s holdings in Duos Technologies Group were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Mink Brook Asset Management LLC acquired a new stake in Duos Technologies Group in the third quarter valued at $5,756,000. Northern Right Capital Management L.P. acquired a new stake in Duos Technologies Group in the third quarter valued at $5,723,000. Vanguard Group Inc. lifted its holdings in Duos Technologies Group by 80.4% in the third quarter. Vanguard Group Inc. now owns 639,797 shares of the company’s stock valued at $4,709,000 after acquiring an additional 285,235 shares during the period. Shay Capital LLC lifted its holdings in Duos Technologies Group by 2,646.1% in the third quarter. Shay Capital LLC now owns 411,910 shares of the company’s stock valued at $3,032,000 after acquiring an additional 396,910 shares during the period. Finally, Potomac Capital Management Inc. acquired a new stake in Duos Technologies Group in the fourth quarter valued at $3,085,000. 42.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DUOT shares. Zacks Research downgraded Duos Technologies Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Wall Street Zen downgraded Duos Technologies Group from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Duos Technologies Group in a report on Monday, April 20th. Finally, Ascendiant Capital Markets raised their target price on Duos Technologies Group from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $17.00.

Duos Technologies Group Price Performance

NASDAQ:DUOT opened at $11.68 on Monday. The company has a market capitalization of $342.46 million, a PE ratio of -17.70 and a beta of 1.21. Duos Technologies Group, Inc. has a 52-week low of $5.78 and a 52-week high of $15.28. The stock has a fifty day simple moving average of $9.74 and a 200-day simple moving average of $9.42.

Duos Technologies Group (NASDAQ:DUOT) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.12). The firm had revenue of $2.72 million for the quarter, compared to analyst estimates of $9.60 million. Duos Technologies Group had a negative return on equity of 21.46% and a negative net margin of 45.36%. As a group, equities analysts anticipate that Duos Technologies Group, Inc. will post 0.04 earnings per share for the current year.

Duos Technologies Group Profile

Duos Technologies Group, Inc provides advanced non-intrusive security and inspection solutions utilizing motion-based and artificial intelligence technologies. The company’s core offerings include intelligent video analytics, RFID checkpoint systems, and specialized screening devices designed to detect security threats and contraband across transportation, logistics and critical infrastructure environments. Duos integrates proprietary hardware with software to deliver automated inspection and monitoring tools that enhance safety and operational efficiency.

Among its primary products are automated gate-entry systems, railcar inspection portals and portable screening devices that use AI-driven image recognition and sensor fusion to identify objects such as unauthorized materials, pipeline anomalies or vehicle defects.