Home  »  Companies   »  SOBR Safe Inc. (NASDAQ: SOBR) Slides -12.31% In Re...

SOBR Safe Inc. (NASDAQ: SOBR) Slides -12.31% In Recent Trade, What To Expect Next?

SOBR Safe Inc. (NASDAQ:SOBR) traded at $1.14 at close of the session on Tuesday, 11/22/22, made a downward move of -12.31% on its previous day’s price.

Looking at the stock we see that its previous close was $1.30 and the beta (5Y monthly) reads -1.03 with the day’s price range being $1.10 – $1.33. In terms of its 52-week price range, SOBR has a high of $10.05 and a low of $0.80. The company’s stock has lost about -70.77% over that past 30 days.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report

Sponsored

SOBR Safe Inc. has a market cap of $14.80 million and is expected to release its quarterly earnings report on Nov 14, 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 50% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is -51.86% off its SMA20 and -51.54% from its 50-day simple moving average. The RSI (14) is pointing at 33.30 while the volatility over the past week is 16.21% and jumps to 18.43% over the past one month. The beta value is 1.25, while the average true range (ATR) is currently pointing at 0.43. The average price target for the stock over the next 12 months is $2.50, with the estimates having a low of $2.50 and a high of $2.50. These price ends are -119.3% and -119.3% off the current price level respectively, although investors could be excited at the prospect of a -119.3% if the SOBR share price touches on the median price of $2.50.

Coming back to SOBR Safe Inc. (NASDAQ:SOBR), we note that the average 3-month trading volume was 4.59 million, while that of the preceding 10-day period stands at 1.1 million. Current shares outstanding are 12.90 million.

The insiders hold 3.10% of the company’s shares while institutions hold 14.10%. The data shows that short shares as of Oct 30, 2022, stood at 0.81 million at a short ratio of 0.1. This represents a 6.25% short interest in shares outstanding on Oct 30, 2022. Shares short rose in October from the previous month at 0.64 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -87.21% down in year-to-date price movement.

Leave a Comment

Your email address will not be published. Required fields are marked *

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]