Lobo EV Technologies (NASDAQ:LOBO) Posts Quarterly Earnings Results

Lobo EV Technologies (NASDAQ:LOBO) announced its earnings results on Tuesday. The company reported ($0.12) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $5.56 million for the quarter.

Lobo EV Technologies Price Performance

Shares of LOBO stock opened at $0.67 on Wednesday. The stock has a 50 day simple moving average of $0.54 and a 200-day simple moving average of $0.66. Lobo EV Technologies has a 12-month low of $0.35 and a 12-month high of $2.41.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Lobo EV Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Lobo EV Technologies

Lobo EV Technologies, Inc (NASDAQ:LOBO) is a provider of electric vehicle (EV) charging infrastructure and related services in the United States. The company offers a turnkey platform that spans design, financing, deployment, ownership and ongoing operation of both Level 2 and DC fast-charging stations. Lobo’s business model focuses on alleviating the capital and operational burdens often associated with EV charging for property owners and operators, enabling clients to offer charging services without large up-front investments.

Beyond hardware installation, Lobo delivers a suite of digital solutions that support charger management, real-time monitoring, payment processing and network connectivity.