Mobix Labs, Inc. (NASDAQ:MOBX - Get Free Report) 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 approximately $2,200,196.96. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mobix Labs Stock Performance
Shares of MOBX opened at $1.01 on Tuesday. Mobix Labs, Inc. has a 12-month low of $0.55 and a 12-month high of $3.62. The company has a current ratio of 0.13, a quick ratio of 0.09 and a debt-to-equity ratio of 0.23. The company has a market cap of $37.36 million, a PE ratio of -0.76 and a beta of -0.31. The stock has a 50-day moving average price of $1.28 and a 200-day moving average price of $1.12.
Mobix Labs (NASDAQ:MOBX - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported ($0.52) earnings per share for the quarter. Mobix Labs had a negative net margin of 437.57% and a negative return on equity of 866.93%. The company had revenue of $3.17 million during the quarter.
Institutional Trading of Mobix Labs
Hedge funds have recently made changes to their positions in the stock. Coppell Advisory Solutions LLC increased its stake in Mobix Labs by 66.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 25,000 shares of the company's stock valued at $42,000 after acquiring an additional 10,000 shares during the last quarter. Ieq Capital LLC increased its position 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 valued at $59,000 after purchasing an additional 14,620 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Mobix Labs during the 4th quarter valued at about $93,000. Citadel Advisors LLC purchased a new position in shares of Mobix Labs during the 4th quarter valued at about $104,000. Finally, Geode Capital Management LLC lifted its position in Mobix Labs by 29.8% in the 3rd quarter. Geode Capital Management LLC now owns 201,578 shares of the company's stock worth $214,000 after buying an additional 46,237 shares during the last quarter. 8.56% of the stock is owned by institutional investors.
Mobix Labs Company Profile
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Get Free Report)
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.
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