Mobix Labs, Inc. (NASDAQ:MOBX) Director Sells $152,601.28 in Stock

Mobix Labs, Inc. (NASDAQ:MOBX) Director James J. Peterson sold 146,732 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $1.04, for a total value of $152,601.28. Following the completion of the sale, the director now owns 2,115,574 shares in the company, valued at $2,200,196.96. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Mobix Labs Trading Down 1.2 %

NASDAQ MOBX opened at $1.00 on Wednesday. The stock has a market capitalization of $36.91 million, a price-to-earnings ratio of -0.75 and a beta of -0.31. The stock’s 50 day moving average price is $1.27 and its two-hundred day moving average price is $1.12. 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.

Mobix Labs (NASDAQ:MOBX) last released its earnings results on Tuesday, February 18th. The company reported ($0.52) 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 Investors Weigh In On Mobix Labs

Institutional investors and hedge funds have recently made changes to their positions in the stock. Coppell Advisory Solutions LLC raised its stake 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 purchasing an additional 10,000 shares in the last quarter. Ieq Capital LLC raised its stake in shares of Mobix Labs by 73.1% during the 4th quarter. Ieq Capital LLC now owns 34,620 shares of the company’s stock worth $59,000 after purchasing an additional 14,620 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Mobix Labs during the 4th quarter worth approximately $93,000. Citadel Advisors LLC bought a new stake in shares of Mobix Labs during the 4th quarter worth approximately $104,000. Finally, Geode Capital Management LLC raised its stake in shares of Mobix Labs by 29.8% during the 3rd quarter. Geode Capital Management LLC now owns 201,578 shares of the company’s stock worth $214,000 after purchasing an additional 46,237 shares in the last quarter. Institutional investors own 8.56% of the company’s stock.

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.