Mobilicom's (MOB) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for Mobilicom (NASDAQ:MOB) amid mixed analyst opinions, with Zacks Research upgrading it to a "hold" and Litchfield Hills giving a "buy" rating with a $10.00 target price.
• Mobilicom's stock price is currently $9.28 and it is scheduled for a 1-for-275 reverse stock split before the market opens on October 10th.
• Institutional investors own 13.56% of Mobilicom’s stock, with several firms, including Jane Street Group and Ground Swell Capital, establishing new positions recently.

Mobilicom (NASDAQ:MOB - Get Free Report)'s stock had its "sell (d-)" rating restated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other analysts also recently issued research reports about the company. Zacks Research raised Mobilicom to a "hold" rating in a research note on Wednesday, September 3rd. Litchfield Hills Research began coverage on shares of Mobilicom in a report on Tuesday, September 2nd. They set a "buy" rating and a $10.00 target price for the company. Finally, Wall Street Zen upgraded shares of Mobilicom from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $10.00.

Mobilicom Stock Up 3.6%

NASDAQ:MOB opened at $9.28 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 6.15. The stock has a 50-day moving average price of $6.32 and a two-hundred day moving average price of $3.66. Mobilicom has a 1 year low of $1.08 and a 1 year high of $11.02.

Mobilicom shares are going to reverse split before the market opens on Friday, October 10th. The 1-275 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 9th.

Institutional Investors Weigh In On Mobilicom

A number of large investors have recently added to or reduced their stakes in MOB. Jane Street Group LLC acquired a new position in Mobilicom in the 2nd quarter valued at $184,000. Ground Swell Capital LLC bought a new position in Mobilicom in the 1st quarter valued at about $39,000. Corsair Capital Management L.P. acquired a new position in shares of Mobilicom in the 2nd quarter valued at approximately $50,000. PFG Investments LLC bought a new stake in shares of Mobilicom during the 1st quarter worth approximately $30,000. Finally, Bard Associates Inc. boosted its position in shares of Mobilicom by 2.4% during the 1st quarter. Bard Associates Inc. now owns 639,496 shares of the company's stock worth $1,055,000 after acquiring an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 13.56% of the company's stock.

About Mobilicom

Mobilicom Limited operates as an end-to-end provider of cybersecurity and smart solutions for drones, robotics, and autonomous platforms. It designs, develops, and delivers smart solutions, such as cloud management software, communication datalink and mobile mesh networking terminals, handheld control terminals, and professional services and support for drone, robotics, and autonomous system manufacturers, as well as hardware products and software solutions.

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