SOBR Safe (NASDAQ:SOBR) Trading Up 1.8% – Here’s Why

Shares of SOBR Safe, Inc. (NASDAQ:SOBR) traded up 1.8% during mid-day trading on Friday . The stock traded as high as $0.4498 and last traded at $0.4279. 99,914 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 256,960 shares. The stock had previously closed at $0.4205.

Wall Street Analyst Weigh In

A number of analysts have commented on SOBR shares. Wall Street Zen raised SOBR Safe to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SOBR Safe in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

SOBR Safe Stock Performance

The firm has a market cap of $2.31 million, a P/E ratio of -0.08 and a beta of 1.22. The business’s 50-day simple moving average is $0.64 and its 200 day simple moving average is $0.80.

SOBR Safe (NASDAQ:SOBR) last released its quarterly earnings results on Friday, August 14th. The company reported ($1.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($220.00) by $218.92. SOBR Safe had a negative return on equity of 314.39% and a negative net margin of 2,924.23%.The firm had revenue of $0.03 million for the quarter, compared to the consensus estimate of $0.53 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SOBR Safe stock. XTX Topco Ltd purchased a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,695 shares of the company’s stock, valued at approximately $34,000. XTX Topco Ltd owned about 1.04% of SOBR Safe as of its most recent SEC filing. Hedge funds and other institutional investors own 7.93% of the company’s stock.

SOBR Safe Company Profile

SOBR Safe, Inc (NASDAQ: SOBR) is a technology company specializing in the development and commercialization of cognitive impairment monitoring solutions. The company’s flagship offerings consist of handheld breath alcohol screening devices and integrated cognitive assessment tools designed to detect impairment in real time. SOBR Safe’s product line pairs portable breathalyzers with proprietary software that captures, records and analyzes impairment data to help organizations maintain safety and compliance standards.

Founded in 2020 and headquartered in Vancouver, Canada, SOBR Safe has focused on research and development of non-invasive impairment detection technology.