Mobilicom (NASDAQ:MOB) Shares Up 0.9% - Still a Buy?

Shares of Mobilicom Limited Sponsored ADR (NASDAQ:MOB - Get Free Report) rose 0.9% on Monday . The stock traded as high as $7.00 and last traded at $6.59. Approximately 311,221 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 409,109 shares. The stock had previously closed at $6.53.Analysts Set New Price TargetsSeveral brokerages have recently issued reports on MOB. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Mobilicom in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Mobilicom from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. ThinkEquity reissued a "buy" rating on shares of Mobilicom in a research report on Monday, October 20th. Litchfield Hills Research initiated coverage on shares of Mobilicom in a report on Tuesday, September 2nd. They issued a "buy" rating and a $2,750.00 price target on the stock. Finally, Zacks Research raised Mobilicom to a "hold" rating in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $2,750.00.View Our Latest Research Report on MobilicomMobilicom Trading Up 0.9%The business's fifty day simple moving average is $1,237.22 and its 200-day simple moving average is $960.36. The company has a current ratio of 6.94, a quick ratio of 6.15 and a debt-to-equity ratio of 0.07. Institutional Trading of MobilicomA number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in Mobilicom in the 3rd quarter worth about $91,000. Corsair Capital Management L.P. purchased a new stake in shares of Mobilicom in the second quarter worth about $50,000. Ground Swell Capital LLC bought a new position in shares of Mobilicom in the first quarter valued at approximately $39,000. Jane Street Group LLC purchased a new position in Mobilicom during the second quarter valued at approximately $184,000. Finally, Bard Associates Inc. increased its holdings in 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 during the period. Hedge funds and other institutional investors own 13.56% of the company's stock. Mobilicom Company Profile (Get Free Report)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.Further ReadingFive stocks we like better than Mobilicom3 Grocery Stocks That Are Proving They Are Still Essential Insiders Sold Big at These 3 Stocks—Should You Worry?Dividend Screener: How to Evaluate Dividend Stocks Before BuyingShares Down, Price Targets Up: 3 Stocks Upgraded After +10% DropsManufacturing Stocks InvestingNuclear Stocks Are Melting Down—Should Investors Panic?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.Should You Invest $1,000 in Mobilicom Right Now?Before you consider Mobilicom, 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 Mobilicom wasn't on the list.While Mobilicom currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here