Mobilicom (NASDAQ:MOB) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of Mobilicom (NASDAQ:MOB) from a hold rating to a sell rating in a research note released on Saturday morning.

Mobilicom Price Performance

Shares of NASDAQ MOB opened at $5.87 on Friday. The company has a quick ratio of 10.15, a current ratio of 10.77 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average price of $5.34 and a 200 day moving average price of $5.66. Mobilicom has a 1-year low of $4.15 and a 1-year high of $11.02.

Mobilicom (NASDAQ:MOB) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.27) earnings per share (EPS) for the quarter. The business had revenue of $0.86 million for the quarter. On average, research analysts anticipate that Mobilicom will post -0.36 EPS for the current year.

Institutional Investors Weigh In On Mobilicom

A number of institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in Mobilicom during the 2nd quarter worth approximately $184,000. JPMorgan Chase & Co. purchased a new stake in shares of Mobilicom in the third quarter valued at approximately $91,000. BNP Paribas Financial Markets grew its holdings in Mobilicom by 997.3% during the third quarter. BNP Paribas Financial Markets now owns 19,751 shares of the company’s stock worth $184,000 after acquiring an additional 17,951 shares during the period. Two Sigma Investments LP acquired a new position in Mobilicom during the third quarter worth $118,000. Finally, Virtu Financial LLC purchased a new position in Mobilicom in the third quarter worth $233,000. Hedge funds and other institutional investors own 13.56% of the company’s stock.

About Mobilicom

Mobilicom Ltd. (NASDAQ: MOB) is an Israel-based technology company specializing in secure communications, cybersecurity and edge computing solutions for unmanned systems, ground vehicles and critical assets. The company’s core platform integrates advanced encryption, artificial intelligence and resilient networking capabilities to protect data and command-and-control links in contested or degraded environments.

The company’s flagship offerings include AerialGuard, a turnkey cyber-hardened communications suite for unmanned aerial vehicles (UAVs); VehicularGuard, designed to secure vehicle-to-everything (V2X) communications in ground systems; and MissionCore, a software-defined command-and-control framework that delivers real-time situational awareness and autonomous decision support.