Mobix Labs (NASDAQ:MOBX) Announces Earnings Results

Mobix Labs (NASDAQ:MOBX) announced its earnings results on Thursday. The company reported ($0.16) EPS for the quarter, FiscalAI reports. The company had revenue of $1.88 million for the quarter. Mobix Labs had a negative return on equity of 5,149.05% and a negative net margin of 332.21%.

Mobix Labs Trading Down 7.5%

Shares of Mobix Labs stock traded down $0.02 on Thursday, reaching $0.19. 3,075,627 shares of the company’s stock were exchanged, compared to its average volume of 30,683,145. The company has a market capitalization of $12.88 million, a P/E ratio of -0.19 and a beta of -0.09. Mobix Labs has a 52 week low of $0.17 and a 52 week high of $1.44. The firm’s 50-day moving average is $0.32 and its two-hundred day moving average is $0.64. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.19 and a current ratio of 0.24.

Insider Buying and Selling at Mobix Labs

In related news, CFO Keyvan Samini sold 211,672 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $0.32, for a total transaction of $67,735.04. Following the transaction, the chief financial officer owned 2,671,661 shares in the company, valued at $854,931.52. The trade was a 7.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 32.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mobix Labs

Large investors have recently bought and sold shares of the stock. Armistice Capital LLC acquired a new position in shares of Mobix Labs during the second quarter valued at about $3,272,000. Focus Partners Wealth grew its stake in shares of Mobix Labs by 64.3% in the 1st quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock valued at $1,467,000 after buying an additional 642,857 shares during the period. Vanguard Capital Wealth Advisors increased its position in Mobix Labs by 39.7% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 1,328,716 shares of the company’s stock valued at $1,071,000 after buying an additional 377,735 shares in the last quarter. Beacon Pointe Advisors LLC boosted its holdings in Mobix Labs by 432.7% in the second quarter. Beacon Pointe Advisors LLC now owns 108,017 shares of the company’s stock worth $83,000 after acquiring an additional 87,738 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Mobix Labs by 17.3% in the fourth quarter. Geode Capital Management LLC now owns 426,198 shares of the company’s stock valued at $114,000 after acquiring an additional 62,715 shares during the period. 8.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobix Labs in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Mobix Labs currently has a consensus rating of “Sell”.

Mobix Labs Company Profile

Mobix Labs, Inc (NASDAQ: MOBX) is a technology company specializing in device intelligence software and services for the mobile device lifecycle. The company’s core platform enables real-time testing, authentication and diagnostic verification of smartphones and other connected devices. By combining automated testing tools with data analytics, Mobix Labs helps carriers, retailers, original equipment manufacturers (OEMs) and repair centers streamline operations and reduce return rates, fraud and waste.

Mobix Labs offers a suite of products designed to support the full spectrum of device management.