Mobile Infrastructure Corporation (NASDAQ:BEEP - Get Free Report) shares dropped 2.7% on Friday . The stock traded as low as $1.80 and last traded at $1.81. Approximately 20,324 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 29,159 shares. The stock had previously closed at $1.86.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Mobile Infrastructure in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Mobile Infrastructure has a consensus rating of "Hold" and a consensus target price of $6.50.
Get Our Latest Stock Analysis on BEEP
Mobile Infrastructure Price Performance
The stock has a market capitalization of $74.55 million, a price-to-earnings ratio of -3.29 and a beta of 0.50. The business's fifty day moving average price is $2.35 and its 200-day moving average price is $2.78. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.10 and a quick ratio of 0.10.
Mobile Infrastructure (NASDAQ:BEEP - Get Free Report) last issued its quarterly earnings data on Monday, March 2nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.07). The business had revenue of $8.76 million for the quarter. Mobile Infrastructure had a negative net margin of 61.13% and a negative return on equity of 10.93%. On average, research analysts forecast that Mobile Infrastructure Corporation will post -0.38 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN grew its holdings in shares of Mobile Infrastructure by 31.3% during the fourth quarter. Wells Fargo & Company MN now owns 14,496 shares of the company's stock valued at $37,000 after buying an additional 3,453 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in Mobile Infrastructure by 5.1% during the third quarter. Cresset Asset Management LLC now owns 85,240 shares of the company's stock worth $300,000 after purchasing an additional 4,135 shares during the last quarter. Connective Capital Management LLC boosted its holdings in Mobile Infrastructure by 10.8% during the third quarter. Connective Capital Management LLC now owns 60,973 shares of the company's stock worth $215,000 after purchasing an additional 5,929 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Mobile Infrastructure during the second quarter worth about $36,000. Finally, Raymond James Financial Inc. purchased a new position in Mobile Infrastructure during the second quarter worth about $39,000. 84.30% of the stock is currently owned by institutional investors and hedge funds.
About Mobile Infrastructure
(
Get Free Report)
Mobile Infrastructure Corporation is a Maryland corporation. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. As of December 31, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,700 parking spaces and approximately 5.4 million square feet. The Company also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Mobile Infrastructure, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mobile Infrastructure wasn't on the list.
While Mobile Infrastructure currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
