Mobile Infrastructure (NASDAQ:BEEP) Releases Quarterly Earnings Results

Mobile Infrastructure (NASDAQ:BEEP) released its quarterly earnings results on Tuesday. The company reported ($0.06) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $9.58 million during the quarter. Mobile Infrastructure had a negative net margin of 67.22% and a negative return on equity of 11.25%.

Mobile Infrastructure Stock Performance

NASDAQ:BEEP remained flat at $2.37 during mid-day trading on Tuesday. 16,162 shares of the company traded hands, compared to its average volume of 46,262. The stock has a fifty day simple moving average of $2.71 and a 200 day simple moving average of $2.40. The firm has a market cap of $97.88 million, a PE ratio of -3.95 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.08 and a current ratio of 0.08. Mobile Infrastructure has a twelve month low of $1.29 and a twelve month high of $3.41.

Analyst Ratings Changes

Separately, Weiss Ratings raised Mobile Infrastructure from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, October 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Mobile Infrastructure presently has an average rating of “Hold” and a consensus target price of $6.25.

Hedge Funds Weigh In On Mobile Infrastructure

A hedge fund recently bought a new position in Mobile Infrastructure stock. Concorde Asset Management LLC acquired a new stake in Mobile Infrastructure Corporation (NASDAQ:BEEP) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 45,941 shares of the company’s stock, valued at approximately $63,000. Concorde Asset Management LLC owned approximately 0.11% of Mobile Infrastructure at the end of the most recent reporting period. 84.30% of the stock is owned by hedge funds and other institutional investors.

About Mobile Infrastructure

Mobile Infrastructure Corporation (NASDAQ: BEEP) is a real estate company focused on owning, acquiring and managing parking infrastructure and related properties. Its portfolio includes parking garages, surface parking lots and other parking facilities that support transportation and commercial activity in urban and densely populated markets. The company generally works with parking operators and other commercial partners to generate revenue from its properties. Its strategy is centered on providing access to strategically located parking assets in markets where land is limited and demand for convenient parking is supported by office, residential, retail, medical and entertainment uses.