SOBR Safe (NASDAQ:SOBR) Posts Earnings Results, Beats Estimates By $218.92 EPS

SOBR Safe (NASDAQ:SOBR) issued its quarterly earnings results on Friday. The company reported ($1.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($220.00) by $218.92, Zacks reports. The business had revenue of $0.03 million for the quarter, compared to analyst estimates of $0.53 million. SOBR Safe had a negative net margin of 2,166.28% and a negative return on equity of 172.71%.

SOBR Safe Stock Performance

Shares of NASDAQ SOBR opened at $0.55 on Friday. SOBR Safe has a one year low of $0.35 and a one year high of $3.97. The firm has a market capitalization of $1.55 million, a P/E ratio of -0.10 and a beta of 1.23. The company’s fifty day moving average is $0.76 and its two-hundred 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 acquired a new position in shares of SOBR Safe, Inc. (NASDAQ:SOBR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,695 shares of the company’s stock, valued at approximately $34,000. XTX Topco Ltd owned approximately 1.04% of SOBR Safe at the end of the most recent quarter. 7.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SOBR. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SOBR Safe in a report on Wednesday, July 29th. Wall Street Zen raised SOBR Safe to a “sell” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

About SOBR Safe

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.