Mobix Labs (NASDAQ:MOBX) Rating Lowered to “Strong Sell” at Wall Street Zen

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

Mobix Labs Stock Performance

MOBX opened at $0.82 on Friday. The business has a fifty day simple moving average of $0.80 and a 200 day simple moving average of $0.91. The company has a market capitalization of $43.66 million, a PE ratio of -0.69 and a beta of -0.08. Mobix Labs has a 1 year low of $0.55 and a 1 year high of $2.47. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.13 and a quick ratio of 0.09.

Mobix Labs (NASDAQ:MOBX) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.06) EPS for the quarter. The business had revenue of $2.51 million for the quarter. Mobix Labs had a negative return on equity of 1,454.69% and a negative net margin of 386.70%.

Institutional Investors Weigh In On Mobix Labs

Several institutional investors have recently made changes to their positions in the stock. Coppell Advisory Solutions LLC increased its stake in Mobix Labs by 66.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 25,000 shares of the company’s stock worth $42,000 after acquiring an additional 10,000 shares during the period. Jane Street Group LLC bought a new position in shares of Mobix Labs in the fourth quarter worth $93,000. Citadel Advisors LLC bought a new position in shares of Mobix Labs in the fourth quarter worth $104,000. Geode Capital Management LLC raised its stake 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 in the last quarter. Finally, Vanguard Capital Wealth Advisors lifted its position in Mobix Labs by 2,528.7% during the first 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 period. 8.56% of the stock is currently owned by institutional investors.

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.