Mobile Infrastructure (NASDAQ:BEEP) Stock Price Down 1.3% – What’s Next?

Mobile Infrastructure Corporation (NASDAQ:BEEP)’s stock price dropped 1.3% during trading on Monday . The stock traded as low as $2.97 and last traded at $3.15. Approximately 63,721 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 50,829 shares. The stock had previously closed at $3.19.

Analyst Ratings Changes

BEEP has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Mobile Infrastructure to a “strong sell” rating in a research note on Saturday, December 27th. Barrington Research reiterated an “outperform” rating and set a $6.50 price target on shares of Mobile Infrastructure in a report on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Mobile Infrastructure in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.75.

Mobile Infrastructure Trading Down 1.3%

The business’s 50-day simple moving average is $2.80 and its 200-day simple moving average is $3.28. The company has a market cap of $133.25 million, a PE ratio of -8.08 and a beta of 0.55. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BEEP. Quadrant Capital Group LLC raised its stake in shares of Mobile Infrastructure by 69.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 27,729 shares of the company’s stock worth $98,000 after purchasing an additional 11,380 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Mobile Infrastructure by 63.9% in the third quarter. JPMorgan Chase & Co. now owns 22,702 shares of the company’s stock worth $80,000 after buying an additional 8,848 shares during the last quarter. New York State Common Retirement Fund bought a new position in Mobile Infrastructure during the second quarter valued at approximately $108,000. Focus Partners Wealth bought a new position in Mobile Infrastructure during the first quarter valued at approximately $80,000. Finally, Jane Street Group LLC lifted its stake in Mobile Infrastructure by 85.1% in the first quarter. Jane Street Group LLC now owns 33,689 shares of the company’s stock valued at $140,000 after acquiring an additional 15,484 shares during the last quarter. Hedge funds and other institutional investors own 84.30% of the company’s stock.

Mobile Infrastructure Company Profile

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.