SOBR Safe (NASDAQ:SOBR) Announces Quarterly Earnings Results

SOBR Safe (NASDAQ:SOBR) issued its quarterly earnings results on Friday. The company reported ($1.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($220.00) by $218.92, Zacks reports. SOBR Safe had a negative net margin of 2,166.28% and a negative return on equity of 172.71%.

SOBR Safe Price Performance

NASDAQ:SOBR traded down $0.03 during midday trading on Friday, hitting $0.55. The company’s stock had a trading volume of 322,771 shares, compared to its average volume of 6,114,613. SOBR Safe has a fifty-two week low of $0.35 and a fifty-two week high of $3.97. The firm has a market cap of $1.55 million, a P/E ratio of -0.10 and a beta of 1.23. The firm’s 50 day moving average is $0.77 and its 200-day moving average is $0.86.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of SOBR Safe in a research note on Wednesday, July 29th. Wall Street Zen upgraded SOBR Safe to a “sell” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of SOBR Safe

A hedge fund recently bought a new position in SOBR Safe stock. Citadel Advisors LLC acquired a new position in SOBR Safe, Inc. (NASDAQ:SOBR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,272 shares of the company’s stock, valued at approximately $67,000. Citadel Advisors LLC owned 1.27% of SOBR Safe at the end of the most recent reporting period. Institutional investors and hedge funds own 7.93% of the company’s stock.

About SOBR Safe

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.