SOBR Safe Inc. (NASDAQ: SOBR) stock jumped 82.96% on Wednesday to $2.47 against a previous-day closing price of $1.35. With 42.15 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.21 million shares. During the session, the Scientific & Technical Instruments company that operates in wider Technology sector, reached to the highest price of $2.7800 whereas the lowest price it dropped to was $1.7100. The 52-week range on SOBR shows that it touched its highest point at $15.00 and its lowest point at $0.80 during that stretch. Beta for the stock currently stands at 2.06.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SOBR was up-trending over the past week, with a rise of 3.35%, but this was up by 134.12% over a month. Three-month performance surged to 171.49% while six-month performance fell -64.96%. The stock lost -73.01% in the past year, while it has lost -72.28% so far this year.
Float and Shares Shorts:
At present, 9.00 million SOBR shares are outstanding with a float of 7.29 million shares on hand for trading. On Jul 14, 2022, short shares totaled 28320.0, which was 0.28% higher than short shares on Jun 14, 2022. In addition to Mr. David J. Gandini as the firm’s Chairman, Sec. & CEO, Mr. Scott Bennett serves as its Exec. VP of Bus. Operations.
Through their ownership of 0.00% of SOBR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.36% of SOBR, in contrast to — held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SOBR with 1.52% of the stake, Walleye Capital LLC holds 166,300 shares worth 166,300. A second-largest stockholder of SOBR, Jane Street Capital LLC, holds 33,572 shares, controlling over 0.31% of the firm’s shares. Boothbay Fund Management LLC is the third largest shareholder in SOBR, holding 28,160 shares or 0.26% stake.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SOBR since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SOBR analysts setting a high price target of $2.50 and a low target of $2.50, the average target price over the next 12 months is $2.50. Based on these targets, SOBR could surge 1.21% to reach the target high and rise by 1.21% to reach the target low. Reaching the average price target will result in a growth of 1.21% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy..
Summary of Insider Activity:
Insiders traded SOBR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 195,433 while 0 shares were sold.