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 changed hands 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.

Analysts Set New Price Targets

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

Mobilicom Stock Performance

The company has a 50 day moving average of $7.13 and a 200 day moving average of $857.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 6.15 and a current ratio of 6.94.

Institutional Trading of Mobilicom

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in shares of Mobilicom in the third quarter valued at approximately $78,000. JPMorgan Chase & Co. acquired a new position in Mobilicom in the 3rd quarter worth $91,000. Two Sigma Investments LP bought a new position in Mobilicom during the 3rd quarter worth about $118,000. Scientech Research LLC acquired a new position in shares of Mobilicom during the third quarter worth about $138,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Mobilicom by 997.3% during the third quarter. BNP Paribas Financial Markets now owns 19,751 shares of the company’s stock worth $184,000 after buying an additional 17,951 shares in the last quarter. 13.56% of the stock is owned by institutional investors.

Mobilicom Company Profile

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.