Mobix Labs (NASDAQ:MOBX) Upgraded by Wall Street Zen to Sell Rating

Mobix Labs (NASDAQ:MOBX) was upgraded by stock analysts at Wall Street Zen to a “sell” rating in a research report issued to clients and investors on Saturday.

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

Mobix Labs Stock Performance

Shares of MOBX stock opened at $1.04 on Friday. The stock has a fifty day moving average price of $0.28 and a 200 day moving average price of $0.58. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.07 and a current ratio of 0.11. The stock has a market cap of $107.20 million, a PE ratio of -1.53 and a beta of -0.07. Mobix Labs has a 1 year low of $0.13 and a 1 year high of $1.44.

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

Insider Activity at Mobix Labs

In related 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 transaction of $67,735.04. Following the completion of the sale, the chief financial officer owned 2,671,661 shares in the company, valued at approximately $854,931.52. This trade represents a 7.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 32.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC grew its holdings in shares of Mobix Labs by 247.8% during the fourth quarter. Virtu Financial LLC now owns 94,011 shares of the company’s stock worth $25,000 after buying an additional 66,982 shares in the last quarter. Toronto Dominion Bank acquired a new position in shares of Mobix Labs in the fourth quarter valued at approximately $27,000. XTX Topco Ltd lifted its stake 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 valued at $30,000 after buying an additional 12,443 shares during the period. Mariner LLC lifted its stake in shares of Mobix Labs by 103.5% during the fourth quarter. Mariner LLC now owns 135,453 shares of the company’s stock valued at $36,000 after buying an additional 68,879 shares during the period. Finally, Beacon Pointe Advisors LLC boosted its position in Mobix Labs by 432.7% during the second quarter. Beacon Pointe Advisors LLC now owns 108,017 shares of the company’s stock worth $83,000 after acquiring an additional 87,738 shares during the last quarter. 8.56% of the stock is currently 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.