Mobix Labs (NASDAQ:MOBX) Trading Down 4.2% – Should You Sell?

Mobix Labs, Inc. (NASDAQ:MOBX) shares were down 4.2% on Monday . The company traded as low as $0.2107 and last traded at $0.23. Approximately 5,859,603 shares changed hands during trading, a decline of 78% from the average daily volume of 26,900,268 shares. The stock had previously closed at $0.24.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, the stock has an average rating of “Sell”.

Mobix Labs Stock Performance

The company has a market capitalization of $15.25 million, a P/E ratio of -0.22 and a beta of -0.09. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.19 and a current ratio of 0.24. The business’s fifty day simple moving average is $0.33 and its 200-day simple moving average is $0.65.

Insider Activity at Mobix Labs

In other Mobix Labs news, CFO Keyvan Samini sold 211,672 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $0.32, for a total transaction of $67,735.04. Following the completion of the transaction, the chief financial officer owned 2,671,661 shares in the company, valued at $854,931.52. This trade represents a 7.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 32.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd increased its position in Mobix Labs by 47.4% during the second quarter. XTX Topco Ltd now owns 38,671 shares of the company’s stock valued at $30,000 after acquiring an additional 12,443 shares during the last quarter. Beacon Pointe Advisors LLC raised its position in Mobix Labs by 432.7% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 108,017 shares of the company’s stock worth $83,000 after purchasing an additional 87,738 shares during the period. Geode Capital Management LLC lifted its stake in Mobix Labs by 17.3% in the fourth quarter. Geode Capital Management LLC now owns 426,198 shares of the company’s stock worth $114,000 after purchasing an additional 62,715 shares during the last quarter. Vanguard Capital Wealth Advisors grew its stake in shares of Mobix Labs by 4.1% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,383,416 shares of the company’s stock valued at $370,000 after buying an additional 54,700 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Mobix Labs by 64.3% in the first quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock worth $1,467,000 after buying an additional 642,857 shares during the period. 8.56% of the stock is owned by hedge funds and other institutional investors.

Mobix Labs Company Profile

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.