SOBR Safe (NASDAQ:SOBR) Announces Quarterly Earnings Results

SOBR Safe (NASDAQ:SOBR) announced its quarterly earnings results on Friday. The company reported ($1.08) earnings per share (EPS) for the quarter, beating 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 Trading Down 5.0%

Shares of SOBR traded down $0.03 during midday trading on Friday, hitting $0.55. 322,771 shares of the company’s stock traded hands, compared to its average volume of 6,114,613. The stock has a market capitalization of $1.55 million, a price-to-earnings ratio of -0.10 and a beta of 1.23. SOBR Safe has a 1 year low of $0.35 and a 1 year high of $3.97. The firm’s fifty day moving average is $0.77 and its 200-day moving average is $0.86.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SOBR shares. Wall Street Zen raised SOBR Safe to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of SOBR Safe in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SOBR Safe has a consensus rating of “Sell”.

Institutional Inflows and Outflows

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