SOBR Safe (NASDAQ:SOBR) Shares Up 1.8% – Here’s What Happened

SOBR Safe, Inc. (NASDAQ:SOBR) was up 1.8% on Friday . The company traded as high as $0.4498 and last traded at $0.4279. 99,914 shares were traded 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.

Analyst Ratings Changes

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

SOBR Safe Price Performance

The stock has a market capitalization of $2.31 million, a price-to-earnings ratio of -0.08 and a beta of 1.22. The stock’s 50 day simple moving average is $0.64 and its 200-day simple moving average is $0.80.

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

Hedge Funds Weigh In On SOBR Safe

A hedge fund recently bought a new stake in SOBR Safe stock. Citadel Advisors LLC bought a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,272 shares of the company’s stock, valued at approximately $67,000. Citadel Advisors LLC owned approximately 1.27% of SOBR Safe at the end of the most recent reporting period. 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.