Duos Technologies Group (NASDAQ:DUOT) Price Target Raised to $22.00

Duos Technologies Group (NASDAQ:DUOT) had its price objective lifted by equities research analysts at Ascendiant Capital Markets from $17.00 to $22.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Ascendiant Capital Markets’ target price would indicate a potential upside of 88.36% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Zacks Research cut Duos Technologies Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Duos Technologies Group in a report on Monday, April 20th. Finally, Wall Street Zen lowered shares of Duos Technologies Group from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Duos Technologies Group has a consensus rating of “Reduce” and a consensus target price of $22.00.

Duos Technologies Group Price Performance

Shares of DUOT stock opened at $11.68 on Monday. The company’s fifty day simple moving average is $9.74 and its two-hundred day simple moving average is $9.42. Duos Technologies Group has a 52 week low of $5.78 and a 52 week high of $15.28. The stock has a market cap of $342.46 million, a P/E ratio of -17.70 and a beta of 1.21.

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

Institutional Investors Weigh In On Duos Technologies Group

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Duos Technologies Group by 37.8% during the 1st quarter. Royal Bank of Canada now owns 1,330,691 shares of the company’s stock valued at $9,129,000 after purchasing an additional 365,324 shares during the last quarter. Mink Brook Asset Management LLC bought a new stake in Duos Technologies Group in the third quarter worth about $5,756,000. Northern Right Capital Management L.P. bought a new stake in Duos Technologies Group in the third quarter worth about $5,723,000. Vanguard Group Inc. boosted its position in shares of Duos Technologies Group by 80.4% during the third quarter. Vanguard Group Inc. now owns 639,797 shares of the company’s stock valued at $4,709,000 after buying an additional 285,235 shares during the period. Finally, Regal Partners Ltd bought a new position in shares of Duos Technologies Group during the first quarter valued at approximately $3,016,000. Institutional investors own 42.61% of the company’s stock.

About Duos Technologies Group

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.