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SOBR Safe Inc. (NASDAQ: SOBR) Stock Sentiment Check: What Does Wall Street Say?

SOBR Safe Inc. (NASDAQ:SOBR) traded at $1.91 at close of the session on Wednesday, September 21, made a downward move of -37.05% on its previous day’s price.

Looking at the stock we see that its previous close was $3.03 and the beta (5Y monthly) reads 0.77 with the day’s price range being $0.91 – $3.16. In terms of its 52-week price range, SOBR has a high of $15.00 and a low of $0.80. The company’s stock has gained about 163.48% over that past 30 days.

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SOBR Safe Inc. has a market cap of $35.84 million and is expected to release its quarterly earnings report on May 23, 2022.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the SOBR stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.

Looking further, we note the current price level is 69.32% off its SMA20 and 73.72% from its 50-day simple moving average. The RSI (14) is pointing at 60.12 while the volatility over the past week is 56.62% and jumps to 20.76% over the past one month. The beta value is 2.28, while the average true range (ATR) is currently pointing at 0.26.

Coming back to SOBR Safe Inc. (NASDAQ:SOBR), we note that the average 3-month trading volume was 536.35K, while that of the preceding 10-day period stands at 2.23 million. Current shares outstanding are 9.00 million.

The insiders hold 0.40% of the company’s shares while institutions hold 2.10%. The data shows that short shares as of Aug 30, 2022, stood at 55880.0 at a short ratio of 0.15. This represents a 0.51% short interest in shares outstanding on Aug 30, 2022. Shares short rose in August from the previous month at 24400.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -65.99% down in year-to-date price movement.

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