Mobilicom (NASDAQ:MOB) Trading 4.3% Higher – Should You Buy?

Mobilicom Limited Sponsored ADR (NASDAQ:MOB)’s stock price rose 4.3% during trading on Friday . The company traded as high as $6.99 and last traded at $6.62. Approximately 173,701 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 295,762 shares. The stock had previously closed at $6.35.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MOB. Zacks Research raised Mobilicom to a “hold” rating in a research note on Wednesday, September 3rd. ThinkEquity reiterated a “buy” rating on shares of Mobilicom in a report on Monday, October 20th. Litchfield Hills Research started coverage on Mobilicom in a report on Tuesday, September 2nd. They set a “buy” rating and a $2,750.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mobilicom in a research note on Wednesday, October 8th. 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $2,750.00.

Mobilicom Trading Up 4.3%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 6.15 and a current ratio of 6.94. The business has a 50 day moving average price of $7.13 and a 200 day moving average price of $860.32.

Institutional Trading of Mobilicom

A number of hedge funds and other institutional investors have recently bought and sold shares of MOB. Corsair Capital Management L.P. bought a new stake in shares of Mobilicom during the second quarter worth $50,000. Bank of America Corp DE bought a new stake in shares of Mobilicom during the third quarter valued at approximately $78,000. JPMorgan Chase & Co. purchased a new stake in shares of Mobilicom in the third quarter valued at approximately $91,000. Two Sigma Investments LP bought a new position in Mobilicom in the third quarter worth approximately $118,000. Finally, Scientech Research LLC purchased a new position in Mobilicom during the 3rd quarter worth $138,000. Hedge funds and other institutional investors own 13.56% of the company’s stock.

About Mobilicom

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.