Mobix Labs, Inc. (NASDAQ:MOBX) Director Sells $15,803.00 in Stock

Mobix Labs, Inc. (NASDAQ:MOBX) Director James J. Peterson sold 15,803 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1.00, for a total value of $15,803.00. Following the completion of the sale, the director now owns 2,099,377 shares in the company, valued at $2,099,377. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mobix Labs Stock Down 10.6 %

Mobix Labs stock opened at $0.88 on Friday. The firm has a 50 day moving average price of $1.23 and a two-hundred day moving average price of $1.11. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.09 and a current ratio of 0.13. Mobix Labs, Inc. has a 52-week low of $0.55 and a 52-week high of $3.62. The firm has a market cap of $32.55 million, a price-to-earnings ratio of -0.66 and a beta of -0.31.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new stake in Mobix Labs during the fourth quarter worth approximately $104,000. Jane Street Group LLC bought a new position in shares of Mobix Labs during the 4th quarter worth approximately $93,000. Coppell Advisory Solutions LLC grew its position in shares of Mobix Labs by 66.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 25,000 shares of the company’s stock worth $42,000 after buying an additional 10,000 shares during the period. Geode Capital Management LLC increased its stake in shares of Mobix Labs by 17.5% in the 4th quarter. Geode Capital Management LLC now owns 236,906 shares of the company’s stock valued at $403,000 after acquiring an additional 35,328 shares in the last quarter. Finally, Ieq Capital LLC increased its stake 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 acquiring an additional 14,620 shares in the last quarter. 8.56% of the stock is owned by institutional investors and hedge funds.

Mobix Labs Company Profile

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.