Mobix Labs (NASDAQ:MOBX) Raised to “Sell” at Wall Street Zen

Mobix Labs (NASDAQ:MOBX) was upgraded by equities researchers at Wall Street Zen to a “sell” rating in a report released on Saturday.

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

Mobix Labs Price Performance

MOBX stock opened at $1.04 on Friday. The stock has a market capitalization of $107.20 million, a price-to-earnings ratio of -1.53 and a beta of -0.07. The company has a quick ratio of 0.07, a current ratio of 0.11 and a debt-to-equity ratio of 0.41. Mobix Labs has a 52-week low of $0.13 and a 52-week high of $1.44. The stock’s fifty day simple moving average is $0.28 and its 200-day simple moving average is $0.58.

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

Several hedge funds have recently bought and sold shares of MOBX. Virtu Financial LLC lifted its position in Mobix Labs by 247.8% during the fourth quarter. Virtu Financial LLC now owns 94,011 shares of the company’s stock valued at $25,000 after buying an additional 66,982 shares in the last quarter. Toronto Dominion Bank acquired a new stake in shares of Mobix Labs in the fourth quarter worth $27,000. Mariner LLC increased its position in shares of Mobix Labs by 103.5% in the fourth quarter. Mariner LLC now owns 135,453 shares of the company’s stock worth $36,000 after acquiring an additional 68,879 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Mobix Labs by 17.3% in 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 during the period. Finally, 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. 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.