Sobr Safe Inc (NASDAQ:SOBR) price on current trading day, fall -4.34% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.11.
A look at the stock’s price movement, the level at last check in today’s session was $0.12, moving within a range at $0.1087 and $0.118. The beta value (5-Year monthly) was -0.276. Turning to its 52-week performance, $1.55 and $0.10 were the 52-week high and 52-week low respectively. Overall, SOBR moved -28.69% over the past month.
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Sobr Safe Inc’s market cap currently stands at around $3.98 million, with investors looking forward to this quarter’s earnings report slated for on 2023-Nov-08.
Analysts have a consensus estimate of 36k for the company’s revenue for the quarter, with a low and high estimate of 810k and 810k respectively. The average forecast suggests up to a 56.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 157k, representing a 348.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SOBR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
SOBR’s current price about -9.27% and -24.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.03, while 7-day volatility ratio is 14.87% and 12.10% in the 30-day chart. Further, Sobr Safe Inc (SOBR) has a beta value of 0.88, and an average true range (ATR) of 0.02.
If we refocus on Sobr Safe Inc (NASDAQ:SOBR), historical trading data shows that trading volumes averaged 0.73 over the past 10 days and 11.13 million over the past 3 months. The company’s latest data on shares outstanding shows there are 34.76 million shares.
The 19.32% of Sobr Safe Inc’s shares are in the hands of company insiders while institutional holders own 2.95% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.3 million on 2024-07-31, giving us a short ratio of 0.21. The data shows that as of 2024-07-31 short interest in Sobr Safe Inc (SOBR) stood at 101.99999 of shares outstanding, with shares short falling to 1.38 million registered in 2024-06-28. Current price change has pushed the stock -74.58% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SOBR stock continues to rise going into the next quarter.
