Mobix Labs, Inc. (NASDAQ:MOBX) Director James J. Peterson Sells 19,088 Shares

Mobix Labs, Inc. (NASDAQ:MOBX) Director James J. Peterson sold 19,088 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $1.07, for a total transaction of $20,424.16. Following the completion of the transaction, the director now owns 2,264,707 shares of the company’s stock, valued at $2,423,236.49. This represents a 0.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Mobix Labs Stock Performance

NASDAQ MOBX opened at $1.04 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.13 and a quick ratio of 0.09. Mobix Labs, Inc. has a 1 year low of $0.55 and a 1 year high of $3.62. The company has a market capitalization of $38.47 million, a PE ratio of -0.78 and a beta of -0.31. The company has a fifty day moving average of $1.30 and a two-hundred day moving average of $1.12.

Mobix Labs (NASDAQ:MOBX) last announced its earnings results on Tuesday, February 18th. The company reported ($0.52) earnings per share for the quarter. Mobix Labs had a negative return on equity of 866.93% and a negative net margin of 437.57%. The business had revenue of $3.17 million for the quarter.

Institutional Investors Weigh In On Mobix Labs

Several hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new stake in shares of Mobix Labs during the fourth quarter worth about $104,000. Jane Street Group LLC acquired a new stake in shares of Mobix Labs during the fourth quarter worth about $93,000. Coppell Advisory Solutions LLC lifted its position in Mobix Labs by 66.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 25,000 shares of the company’s stock valued at $42,000 after purchasing an additional 10,000 shares during the period. Geode Capital Management LLC lifted its position in Mobix Labs by 17.5% in the fourth quarter. Geode Capital Management LLC now owns 236,906 shares of the company’s stock valued at $403,000 after purchasing an additional 35,328 shares during the period. Finally, Ieq Capital LLC lifted its position in Mobix Labs by 73.1% in the fourth quarter. Ieq Capital LLC now owns 34,620 shares of the company’s stock valued at $59,000 after purchasing an additional 14,620 shares during the period. Institutional investors and hedge funds own 8.56% of the company’s stock.

Mobix Labs Company Profile

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.