Mobilicom (NASDAQ:MOB) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Mobilicom (NASDAQ:MOB) from a hold rating to a sell rating in a research report report published on Saturday morning.

Mobilicom Price Performance

NASDAQ:MOB opened at $5.89 on Friday. Mobilicom has a twelve month low of $4.33 and a twelve month high of $11.02. The company’s 50-day moving average price is $5.34 and its 200-day moving average price is $5.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.77 and a quick ratio of 10.15.

Mobilicom (NASDAQ:MOB) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.27) earnings per share (EPS) for the quarter. The company had revenue of $0.86 million for the quarter. On average, research analysts expect that Mobilicom will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On Mobilicom

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

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.