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Sobr Safe Inc. shares have tumbled to a 52-week low, with the stock price touching just $0.76. The micro-cap company, now valued at approximately $770,000, has seen its shares decline despite posting revenue growth of 27% in the latest quarter. According to InvestingPro analysis, the stock appears undervalued at current levels. This significant downturn reflects a staggering 1-year change, with the company’s stock value eroding by -98.79%. Investors have watched with concern as the stock plummeted from previous levels, marking a distressing period for the company. The sharp decline has raised questions about the underlying factors contributing to the stock’s performance and what this could mean for Sobr Safe’s future prospects. InvestingPro subscribers have access to 15 additional investment tips and comprehensive financial metrics to better analyze the company’s outlook.
In other recent news, SOBR Safe, Inc. has announced a partnership with Orbiit to introduce an AI-based alcohol recovery program. This collaboration aims to assist individuals with Alcohol Use Disorder by integrating SOBRsafe’s transdermal alcohol detection wristband with Orbiit’s AI-powered engagement platform. The initiative seeks to fill a treatment gap for the over 28 million people in the U.S. affected by AUD in 2023, according to AmericanAddictionCenters.org. The program combines continuous alcohol monitoring with AI-driven support, offering a non-invasive and data-driven approach to sobriety. The SOBRsure™ Band, a key component of the program, provides passive, touch-based alcohol detection and serves as a visual commitment to sobriety. Orbiit’s platform complements this with personalized interventions, structured micro-courses, and SMS Accountability Messaging to maintain user engagement. The Orbiit Recovery Program is a six-month initiative priced at $3,995 and is accessible online, via text message, and through the SOBRsafe app. Future plans include integrating SOBRsure data directly within the Orbiit platform.
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