Mobile Infrastructure (NASDAQ:BEEP) Issues Quarterly Earnings Results

Mobile Infrastructure (NASDAQ:BEEP) issued its quarterly earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, RTT News reports. Mobile Infrastructure had a negative return on equity of 4.36% and a negative net margin of 24.59%. Mobile Infrastructure updated its FY 2025 guidance to EPS.

Mobile Infrastructure Stock Down 5.0 %

Shares of BEEP traded down $0.18 on Monday, reaching $3.40. The company’s stock had a trading volume of 20,697 shares, compared to its average volume of 63,638. Mobile Infrastructure has a twelve month low of $2.48 and a twelve month high of $4.86. The stock has a market capitalization of $142.46 million, a PE ratio of -3.78 and a beta of 0.61. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average of $3.86 and a 200-day moving average of $3.53.

Analyst Upgrades and Downgrades

A number of analysts have commented on BEEP shares. Piper Sandler initiated coverage on shares of Mobile Infrastructure in a research report on Thursday, January 23rd. They set an “overweight” rating and a $5.00 price target on the stock. Maxim Group assumed coverage on Mobile Infrastructure in a research note on Friday, February 21st. They issued a “buy” rating and a $7.00 price objective for the company. Finally, B. Riley started coverage on Mobile Infrastructure in a research report on Thursday, January 23rd. They set a “buy” rating and a $5.00 target price on the stock.

About Mobile Infrastructure

Mobile Infrastructure Corporation is a Maryland corporation. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. As of December 31, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,700 parking spaces and approximately 5.4 million square feet.