Mobilicom (NASDAQ:MOB) Announces Quarterly Earnings Results

Mobilicom (NASDAQ:MOB) released its earnings results on Thursday. The company reported ($0.27) earnings per share (EPS) for the quarter, reports. The company had revenue of $0.86 million during the quarter.

Mobilicom Trading Down 3.4%

Shares of MOB traded down $0.20 during midday trading on Thursday, reaching $5.75. The stock had a trading volume of 86,896 shares, compared to its average volume of 257,517. The firm has a 50 day simple moving average of $5.36 and a 200-day simple moving average of $5.75. Mobilicom has a one year low of $3.62 and a one year high of $11.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.20 and a current ratio of 8.52.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Mobilicom from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2,750.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE acquired a new position in shares of Mobilicom during the 3rd quarter worth approximately $78,000. JPMorgan Chase & Co. acquired a new stake in Mobilicom during the 3rd quarter valued at $91,000. FourWorld Capital Management LLC acquired a new stake in Mobilicom during the 1st quarter valued at $103,000. Two Sigma Investments LP bought a new position in Mobilicom during the third quarter worth $118,000. Finally, Scientech Research LLC bought a new position in Mobilicom during the third quarter worth $138,000. 13.56% of the stock is currently owned by institutional investors.

Mobilicom Company Profile

Mobilicom Ltd. (NASDAQ: MOB) is an Israel-based technology company specializing in secure communications, cybersecurity and edge computing solutions for unmanned systems, ground vehicles and critical assets. The company’s core platform integrates advanced encryption, artificial intelligence and resilient networking capabilities to protect data and command-and-control links in contested or degraded environments.

The company’s flagship offerings include AerialGuard, a turnkey cyber-hardened communications suite for unmanned aerial vehicles (UAVs); VehicularGuard, designed to secure vehicle-to-everything (V2X) communications in ground systems; and MissionCore, a software-defined command-and-control framework that delivers real-time situational awareness and autonomous decision support.