SOBR Safe Inc. [SOBR] Is Currently 23.89 above its 200 Period Moving Avg: What Does This Mean?

SOBR Safe Inc. [NASDAQ: SOBR] price surged by 23.89 percent to reach at $0.22. The company report on December 8, 2022 that SOBRsafe’s Successful Oil & Gas Trials Yield Two Customer Installations.

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SOBR Safe, Inc. (NASDAQ:SOBR) (SOBRsafe™ or the Company), providers of industry-leading alcohol screening solutions, today announced that its recent multi-site SOBRcheck™ trials for the oil and gas industry were successful, yielding a signed software as a service (SaaS) agreement with a leading oilfield services and logistics provider. The provider (temporarily unnamed for employee confidentiality purposes) serves all major US oilfield basins and is initially installing SOBRcheck in two of its numerous service centers, for both fleet and workplace applications.

A sum of 3918419 shares traded at recent session while its average daily volume was at 4.81M shares. SOBR Safe Inc. shares reached a high of $1.20 and dropped to a low of $0.9023 until finishing in the latest session at $1.12.

Guru’s Opinion on SOBR Safe Inc. [SOBR]:

The Average True Range (ATR) for SOBR Safe Inc. is set at 0.23, with the Price to Sales ratio for SOBR stock in the period of the last 12 months amounting to 1293.80. The Price to Book ratio for the last quarter was 1.45, with the Price to Cash per share for the same quarter was set at 0.49.

SOBR Stock Performance Analysis:

SOBR Safe Inc. [SOBR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.67. With this latest performance, SOBR shares dropped by -49.55% in over the last four-week period, additionally plugging by 24.44% over the last 6 months – not to mention a drop of -87.76% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SOBR stock in for the last two-week period is set at 38.97, with the RSI for the last a single of trading hit 41.19, and the three-weeks RSI is set at 40.76 for SOBR Safe Inc. [SOBR]. The present Moving Average for the last 50 days of trading for this stock 2.2360, while it was recorded at 0.9790 for the last single week of trading, and 3.1617 for the last 200 days.

Insight into SOBR Safe Inc. Fundamentals:

Return on Equity for this stock declined to -591.07, with Return on Assets sitting at -192.06.

SOBR Safe Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 3.00.

SOBR Safe Inc. [SOBR] Insider Position Details

There are presently around $2 million, or 12.50% of SOBR stock, in the hands of institutional investors. The top three institutional holders of SOBR stocks are: ARMISTICE CAPITAL, LLC with ownership of 1,250,000, which is approximately New of the company’s market cap and around 2.30% of the total institutional ownership; EMPERY ASSET MANAGEMENT, LP, holding 248,430 shares of the stock with an approximate value of $0.28 million in SOBR stocks shares; and HUDSON BAY CAPITAL MANAGEMENT LP, currently with $0.23 million in SOBR stock with ownership of nearly New of the company’s market capitalization.

10 institutional holders increased their position in SOBR Safe Inc. [NASDAQ:SOBR] by around 1,788,901 shares. Additionally, 4 investors decreased positions by around 201,125 shares, while 0 investors held positions by with 170,707 shares. The mentioned changes placed institutional holdings at 1,819,319 shares, according to the latest SEC report filing. SOBR stock had 8 new institutional investments in for a total of 1,767,259 shares, while 2 institutional investors sold positions of 194,460 shares during the same period.

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