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Friday, June 9, 2023

Investors’ Patience Is Being Tested Right Now By SOBR Safe Inc. (NASDAQ: SOBR)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for SOBR Safe Inc. (SOBR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 2.72%, to $1.89. The SOBR Safe Inc. has recorded 2,287 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted SOBRsafe CEO Dave Gandini to Present at the Lytham Partners Spring 2023 Virtual Investor Conference.

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Stocks Info

SOBR Safe Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Scientific & Technical Instruments industry. At the end of the last regular session, the stock closed at $1.84 and fluctuated between $2.0300 as its day high and $1.7100 as its day low. The current market capitalization of SOBR Safe Inc. is $32.24M. A total of 0.52 million shares were traded on the day, compared to an average of 417.76K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SOBR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 8 BUYs and 0 SELLs from insiders. Insiders purchased 92,651 shares during that period but sold 0.

In the most recent transaction, Beabout J. Steven bought 10,000 shares of SOBR for 1.10 per share on Aug 29. After the transaction, the Director now owns 334,503 company shares. In a previous transaction on Aug 26, Beabout J. Steven bought 767 shares at 1.12 per share. SOBR shares that Director owns now total 324,503.

Among the insiders who bought shares, Beabout J. Steven acquired of 28,304 shares on Aug 25 at a per-share price of $1.14. This resulted in the Director holding 323,736 shares of SOBR after the transaction. In another insider transaction, Beabout J. Steven bought 6,253 shares at $1.20 per share on Aug 18. Company shares held by the Director now total 295,432.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SOBR in the last 3 months, the mean price target is $5.07 with high estimates of $5.07 and low estimates of $5.07. In terms of 52-week highs and lows, SOBR has a high of $4.27 and a low of $0.65.

As of this writing, SOBR has an earnings estimate of -$0.2 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.2 per share and a lower estimate of -$0.2.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SOBR’s latest balance sheet shows that the firm has $882.27k in Cash & Short Term Investments as of fiscal 2021. There were $2.58M in debt and $3.98M in liabilities at the time. Its Book Value Per Share was $0.59, while its Total Shareholder’s Equity was -$483.59k.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock.

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