SOBR Safe (NASDAQ:SOBR) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of SOBR Safe (NASDAQ:SOBR) from a sell rating to a hold rating in a research note released on Thursday morning.

SOBR Safe Stock Performance

Shares of SOBR opened at $2.92 on Thursday. SOBR Safe has a 1 year low of $2.41 and a 1 year high of $879.45. The company’s 50 day simple moving average is $4.14 and its 200 day simple moving average is $15.25. The company has a market capitalization of $268,640.00, a price-to-earnings ratio of -0.05 and a beta of 0.66.

SOBR Safe (NASDAQ:SOBR) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($1.46) earnings per share for the quarter. SOBR Safe had a negative return on equity of 414.80% and a negative net margin of 4,872.83%. The business had revenue of $0.09 million for the quarter.

Institutional Trading of SOBR Safe

An institutional investor recently bought a new position in SOBR Safe stock. Cetera Investment Advisers bought a new position in SOBR Safe, Inc. (NASDAQ:SOBR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 71,000 shares of the company’s stock, valued at approximately $82,000. Cetera Investment Advisers owned about 7.72% of SOBR Safe as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 7.93% of the company’s stock.

About SOBR Safe

SOBR Safe, Inc, a hardware and software company, develops non-invasive alcohol detection, biometric identity verification, and real-time cloud-based alerts and reporting systems in North America. The company provides SOBRcheck, a stationary identification and alcohol monitoring product; and SOBRsure, a transdermal, alcohol-detecting wearable band.