Mobilicom (NASDAQ:MOB) Shares Up 4.3% – Here’s What Happened

Mobilicom Limited Sponsored ADR (NASDAQ:MOB)’s share price shot up 4.3% on Friday . The company traded as high as $6.99 and last traded at $6.62. 173,701 shares were traded during mid-day trading, a decline of 41% from the average session volume of 295,762 shares. The stock had previously closed at $6.35.

Analyst Ratings Changes

A number of research firms recently issued reports on MOB. ThinkEquity reaffirmed a “buy” rating on shares of Mobilicom in a research report on Monday, October 20th. Zacks Research raised shares of Mobilicom to a “hold” rating in a research report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mobilicom in a report on Wednesday, October 8th. Finally, Litchfield Hills Research assumed coverage on shares of Mobilicom in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $2,750.00 target price for the company. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2,750.00.

Mobilicom Stock Performance

The company’s fifty day simple moving average is $7.13 and its 200 day simple moving average is $857.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 6.15.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Corsair Capital Management L.P. acquired a new stake in Mobilicom during the second quarter worth approximately $50,000. Jane Street Group LLC bought a new position in shares of Mobilicom during the second quarter worth approximately $184,000. JPMorgan Chase & Co. acquired a new stake in Mobilicom during the 3rd quarter worth approximately $91,000. Regal Partners Ltd acquired a new stake in Mobilicom during the 3rd quarter worth approximately $717,000. Finally, BNP Paribas Financial Markets boosted its stake in Mobilicom by 997.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,751 shares of the company’s stock valued at $184,000 after purchasing an additional 17,951 shares during the period. 13.56% of the stock is owned by institutional investors.

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.