Mobix Labs (NASDAQ:MOBX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Mobix Labs (NASDAQ:MOBX) to a sell rating in a research note issued to investors on Saturday.

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

Mobix Labs Stock Down 22.1%

MOBX opened at $0.81 on Friday. Mobix Labs has a 12 month low of $0.13 and a 12 month high of $1.44. The business has a 50-day moving average of $0.29 and a two-hundred day moving average of $0.58. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.11 and a quick ratio of 0.07. The stock has a market capitalization of $83.53 million, a price-to-earnings ratio of -1.19 and a beta of -0.07.

Mobix Labs (NASDAQ:MOBX) last announced its quarterly earnings data on Thursday, February 12th. The company reported ($0.16) earnings per share for the quarter. Mobix Labs had a negative return on equity of 2,857.36% and a negative net margin of 289.21%.The company had revenue of $1.88 million for the quarter.

Insider Buying and Selling at Mobix Labs

In other news, CFO Keyvan Samini sold 211,672 shares of Mobix Labs stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $0.32, for a total value of $67,735.04. Following the transaction, the chief financial officer directly owned 2,671,661 shares of the company’s stock, valued at $854,931.52. The trade was a 7.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 32.03% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Armistice Capital LLC lifted its position in Mobix Labs by 7.5% during the third quarter. Armistice Capital LLC now owns 4,596,804 shares of the company’s stock valued at $3,705,000 after buying an additional 320,804 shares in the last quarter. Focus Partners Wealth raised 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 acquiring an additional 642,857 shares during the period. Vanguard Capital Wealth Advisors raised its stake in shares of Mobix Labs by 4.1% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,383,416 shares of the company’s stock valued at $370,000 after acquiring an additional 54,700 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mobix Labs by 17.3% during the 4th 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 in the last quarter. Finally, Mariner LLC lifted its holdings in shares of Mobix Labs by 103.5% during the 4th quarter. Mariner LLC now owns 135,453 shares of the company’s stock valued at $36,000 after acquiring an additional 68,879 shares in the last quarter. Hedge funds and other institutional investors own 8.56% of the company’s stock.

About Mobix Labs

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.