Mobix Labs (NASDAQ:MOBX) Posts Earnings Results

Mobix Labs (NASDAQ:MOBX) released its quarterly earnings results on Thursday. The company reported ($0.16) earnings per share (EPS) for the quarter, FiscalAI reports. Mobix Labs had a negative net margin of 289.21% and a negative return on equity of 25,348.26%. The company had revenue of $1.88 million during the quarter.

Mobix Labs Stock Down 0.1%

Shares of MOBX opened at $0.19 on Friday. The company’s 50-day simple moving average is $0.30 and its 200-day simple moving average is $0.63. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.19 and a current ratio of 0.24. Mobix Labs has a 1 year low of $0.17 and a 1 year high of $1.44. The stock has a market capitalization of $12.87 million, a PE ratio of -0.29 and a beta of -0.09.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, CFO Keyvan Samini sold 211,672 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 2,671,661 shares of the company’s stock, valued at $854,931.52. This represents a 7.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.03% of the stock is currently owned by insiders.

Institutional Trading of Mobix Labs

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings 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 purchasing an additional 62,715 shares during the period. Vanguard Capital Wealth Advisors raised its position in 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 purchasing an additional 54,700 shares in the last quarter. Armistice Capital LLC raised its position in Mobix Labs by 7.5% in the 3rd quarter. Armistice Capital LLC now owns 4,596,804 shares of the company’s stock valued at $3,705,000 after purchasing an additional 320,804 shares in the last quarter. Beacon Pointe Advisors LLC boosted its stake in shares of Mobix Labs by 432.7% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 108,017 shares of the company’s stock valued at $83,000 after buying an additional 87,738 shares during the period. Finally, XTX Topco Ltd grew its position in shares of Mobix Labs by 47.4% during the second quarter. XTX Topco Ltd now owns 38,671 shares of the company’s stock worth $30,000 after buying an additional 12,443 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.