SOBR Safe (NASDAQ:SOBR) Announces Earnings Results

by · The Cerbat Gem

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

SOBR Safe Stock Down 5.0%

NASDAQ:SOBR traded down $0.03 on Friday, hitting $0.55. The stock had a trading volume of 322,771 shares, compared to its average volume of 893,456. SOBR Safe has a 52 week low of $0.35 and a 52 week high of $3.97. The business’s fifty day moving average is $0.76 and its 200 day moving average is $0.86.

Hedge Funds Weigh In On SOBR Safe

A hedge fund recently bought a new position in SOBR Safe stock. XTX Topco Ltd purchased a new stake in SOBR Safe, Inc. (NASDAQ:SOBR – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,695 shares of the company’s stock, valued at approximately $34,000. XTX Topco Ltd owned 1.04% of SOBR Safe at the end of the most recent quarter. 7.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SOBR has been the topic of several recent analyst reports. Wall Street Zen raised SOBR Safe to a “sell” rating in a research note on Saturday, August 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of SOBR Safe in a research note on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Read Our Latest Research Report on SOBR Safe

About SOBR Safe

(Get Free Report)

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.

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