Mobix Labs, Inc. (NASDAQ:MOBX - Get Free Report) CFO Keyvan Samini sold 112,110 shares of the company's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $1.98, for a total transaction of $221,977.80. Following the sale, the chief financial officer directly owned 155,053 shares in the company, valued at $307,004.94. This represents a 41.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Keyvan Samini also recently made the following trade(s):
- On Thursday, June 11th, Keyvan Samini sold 3 shares of Mobix Labs stock. The shares were sold at an average price of $2.14, for a total transaction of $6.42.
Mobix Labs Price Performance
MOBX opened at $1.97 on Tuesday. Mobix Labs, Inc. has a one year low of $1.31 and a one year high of $14.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.23 and a quick ratio of 0.17. The company's 50 day simple moving average is $2.46 and its 200-day simple moving average is $3.28. The stock has a market capitalization of $26.48 million, a P/E ratio of -0.29 and a beta of -0.76.
Mobix Labs (NASDAQ:MOBX - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The company reported ($0.59) EPS for the quarter. Mobix Labs had a negative net margin of 361.77% and a negative return on equity of 1,175.77%. The company had revenue of $0.97 million for the quarter.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on MOBX. Weiss Ratings restated a "sell (e+)" rating on shares of Mobix Labs in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of Mobix Labs to a "sell" rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell".
Check Out Our Latest Analysis on Mobix Labs
Hedge Funds Weigh In On Mobix Labs
Several large investors have recently bought and sold shares of MOBX. Virtu Financial LLC lifted its holdings in Mobix Labs by 247.8% in the fourth quarter. Virtu Financial LLC now owns 94,011 shares of the company's stock valued at $25,000 after buying an additional 66,982 shares during the period. Toronto Dominion Bank acquired a new stake in Mobix Labs in the fourth quarter worth $27,000. XTX Topco Ltd raised its holdings in Mobix Labs by 47.4% in the second quarter. XTX Topco Ltd now owns 38,671 shares of the company's stock worth $30,000 after purchasing an additional 12,443 shares during the period. Mariner LLC raised its holdings in Mobix Labs by 103.5% in the fourth quarter. Mariner LLC now owns 135,453 shares of the company's stock worth $36,000 after purchasing an additional 68,879 shares during the period. Finally, Geode Capital Management LLC raised 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 worth $114,000 after purchasing an additional 62,715 shares during the period. 8.56% of the stock is currently owned by institutional investors and hedge funds.
About Mobix Labs
(
Get Free Report)
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.
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