Mobile Infrastructure Corporation (NASDAQ:BEEP - Get Free Report) rose 0.4% during trading on Wednesday . The stock traded as high as $2.94 and last traded at $2.85. 16,278 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 22,233 shares. The stock had previously closed at $2.84.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Mobile Infrastructure from a "sell (d)" rating to a "sell (e+)" rating in a research report on Friday, August 14th. Two research analysts have 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 $6.25.

Get Our Latest Research Report on BEEP

Mobile Infrastructure Stock Performance

The stock has a 50 day simple moving average of $2.40 and a 200 day simple moving average of $2.21. The company has a market cap of $117.70 million, a price-to-earnings ratio of -4.75 and a beta of 0.68. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.15.

Mobile Infrastructure (NASDAQ:BEEP - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. The business had revenue of $8.89 million during the quarter. Mobile Infrastructure had a negative return on equity of 11.25% and a negative net margin of 67.22%. As a group, analysts predict that Mobile Infrastructure Corporation will post -0.31 EPS for the current year.

Institutional Trading of Mobile Infrastructure

Several large investors have recently bought and sold shares of the company. Concorde Asset Management LLC acquired a new stake in Mobile Infrastructure during the 2nd quarter valued at approximately $63,000. Hodges Capital Management Inc. purchased a new stake in Mobile Infrastructure during the 1st quarter worth approximately $46,000. Finally, Connective Capital Management LLC raised its position in shares of Mobile Infrastructure by 22.2% in the 4th quarter. Connective Capital Management LLC now owns 74,507 shares of the company's stock valued at $190,000 after purchasing an additional 13,534 shares in the last quarter. Institutional investors and hedge funds own 84.30% of the company's stock.

Mobile Infrastructure Company Profile

(Get Free Report)

Mobile Infrastructure Corporation NASDAQ: BEEP is a real estate company focused on acquiring, owning and operating parking infrastructure in the United States. Its portfolio includes parking garages, surface parking lots and other facilities that support vehicle storage and access in urban and high-demand locations.

The company generally generates revenue by leasing its parking assets to third-party operators and through related parking activities. Its facilities serve a range of customers, including commuters, residents, businesses, visitors and organizations that require convenient parking near commercial, residential, healthcare, entertainment and transportation destinations.

Mobile Infrastructure Corporation became a publicly traded company through a business combination with Fifth Wall Acquisition Corp.

Further Reading

• Five stocks we like better than Mobile Infrastructure
• 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
• Jackson’s Record Quarter Powers the Bull Case
• Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
• AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact

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 Mobile Infrastructure Right Now?

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