James J. Peterson Sells 146,732 Shares of Mobix Labs, Inc. (NASDAQ:MOBX) Stock

Mobix Labs, Inc. (NASDAQ:MOBX) Director James J. Peterson sold 146,732 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $1.04, for a total value of $152,601.28. Following the transaction, the director now owns 2,115,574 shares of the company’s stock, valued at $2,200,196.96. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Mobix Labs Price Performance

Mobix Labs stock opened at $1.00 on Wednesday. The firm has a market capitalization of $36.91 million, a P/E ratio of -0.75 and a beta of -0.31. Mobix Labs, Inc. has a 1 year low of $0.55 and a 1 year high of $3.62. The business has a 50-day moving average of $1.27 and a 200-day moving average of $1.12. The company has a current ratio of 0.13, a quick ratio of 0.09 and a debt-to-equity ratio of 0.23.

Mobix Labs (NASDAQ:MOBX) last posted its earnings results on Tuesday, February 18th. The company reported ($0.52) earnings per share (EPS) for the quarter. The company had revenue of $3.17 million for the quarter. Mobix Labs had a negative return on equity of 866.93% and a negative net margin of 437.57%.

Hedge Funds Weigh In On Mobix Labs

Institutional investors have recently modified their holdings of the stock. Coppell Advisory Solutions LLC grew its position in shares of Mobix Labs by 66.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 25,000 shares of the company’s stock valued at $42,000 after purchasing an additional 10,000 shares during the period. Ieq Capital LLC grew its position in shares of Mobix Labs by 73.1% in the 4th quarter. Ieq Capital LLC now owns 34,620 shares of the company’s stock valued at $59,000 after purchasing an additional 14,620 shares during the period. Jane Street Group LLC acquired a new position in shares of Mobix Labs in the 4th quarter valued at approximately $93,000. Citadel Advisors LLC acquired a new position in shares of Mobix Labs in the 4th quarter valued at approximately $104,000. Finally, Geode Capital Management LLC grew its position in shares of Mobix Labs by 29.8% in the 3rd quarter. Geode Capital Management LLC now owns 201,578 shares of the company’s stock valued at $214,000 after purchasing an additional 46,237 shares during the period. 8.56% of the stock is currently owned by institutional investors and hedge funds.

About Mobix Labs

Mobix Labs, Inc, a fabless semiconductor company, provides wireless and connectivity solutions for next generation communication systems, including C-Band and mmWave 5G and high bandwidth cable applications. Its products include True5G chipset solutions; true xero active optical cables and related products designed to deliver fiber optic connectivity for a range of applications, including 5G infrastructure, autonomous vehicles, Pro A/V, AR/VR, remote medical systems, and others; electromagnetic interference filters deployed in aerospace, military, defense, medical, and healthcare products.