Mobile Infrastructure (NASDAQ:BEEP) Posts Quarterly Earnings Results

Mobile Infrastructure (NASDAQ:BEEP) released its quarterly earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, RTT News reports. Mobile Infrastructure had a negative net margin of 24.59% and a negative return on equity of 4.36%. Mobile Infrastructure updated its FY 2025 guidance to EPS.

Mobile Infrastructure Stock Down 5.0 %

BEEP traded down $0.18 during midday trading on Monday, hitting $3.40. 20,697 shares of the company’s stock traded hands, compared to its average volume of 63,638. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market cap of $142.46 million, a PE ratio of -3.78 and a beta of 0.61. The stock’s fifty day simple moving average is $3.86 and its 200-day simple moving average is $3.53. Mobile Infrastructure has a one year low of $2.48 and a one year high of $4.86.

Analysts Set New Price Targets

BEEP has been the topic of several recent analyst reports. Piper Sandler started coverage on shares of Mobile Infrastructure in a research note on Thursday, January 23rd. They set an “overweight” rating and a $5.00 target price on the stock. Maxim Group initiated coverage on Mobile Infrastructure in a research report on Friday, February 21st. They set a “buy” rating and a $7.00 price target on the stock. Finally, B. Riley initiated coverage on Mobile Infrastructure in a research note on Thursday, January 23rd. They issued a “buy” rating and a $5.00 price objective for the company.

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.