Mobix Labs (NASDAQ:MOBX) Stock Rating Lowered by Wall Street Zen

by · The Cerbat Gem

Mobix Labs (NASDAQ:MOBX – Get Free Report) was downgraded by analysts at Wall Street Zen to a “strong sell” rating in a report released on Saturday.

Mobix Labs Stock Down 7.3%

Mobix Labs stock opened at $0.82 on Friday. The firm has a 50 day moving average price of $0.80 and a two-hundred day moving average price of $0.92. The firm has a market cap of $43.66 million, a price-to-earnings ratio of -0.69 and a beta of -0.08. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.09 and a current ratio of 0.13. Mobix Labs has a 52-week low of $0.55 and a 52-week high of $2.47.

Mobix Labs (NASDAQ:MOBX – Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $2.51 million during the quarter. Mobix Labs had a negative return on equity of 1,454.69% and a negative net margin of 386.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Coppell Advisory Solutions LLC grew its position in Mobix Labs by 66.7% during 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. Jane Street Group LLC purchased a new stake in Mobix Labs in the fourth quarter worth $93,000. Citadel Advisors LLC purchased a new position in Mobix Labs during the fourth quarter valued at $104,000. Geode Capital Management LLC lifted its position in Mobix Labs by 17.5% during the fourth quarter. Geode Capital Management LLC now owns 236,906 shares of the company’s stock valued at $403,000 after buying an additional 35,328 shares during the period. Finally, Vanguard Capital Wealth Advisors raised its position in shares of Mobix Labs by 2,528.7% in the 1st quarter. Vanguard Capital Wealth Advisors now owns 788,620 shares of the company’s stock worth $704,000 after purchasing an additional 758,620 shares during the last quarter. 8.56% of the stock is currently owned by institutional investors.

Mobix Labs Company Profile

(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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