Insider Selling: Mobix Labs, Inc. (NASDAQ:MOBX) Director Sells $20,424.16 in Stock

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

Mobix Labs Price Performance

Shares of NASDAQ MOBX opened at $1.04 on Monday. Mobix Labs, Inc. has a fifty-two week low of $0.55 and a fifty-two week high of $3.62. The business has a 50 day moving average price of $1.30 and a two-hundred day moving average price of $1.12. The company has a quick ratio of 0.09, a current ratio of 0.13 and a debt-to-equity ratio of 0.23. The firm has a market cap of $38.47 million, a PE ratio of -0.78 and a beta of -0.31.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MOBX. Coppell Advisory Solutions LLC grew its position in shares of Mobix Labs by 66.7% in 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 in the last quarter. Ieq Capital LLC grew its position in shares of Mobix Labs by 73.1% in the 4th quarter. Ieq Capital LLC now owns 34,620 shares of the company’s stock worth $59,000 after acquiring an additional 14,620 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Mobix Labs in the 4th quarter worth approximately $93,000. Citadel Advisors LLC acquired a new position in shares of Mobix Labs in the 4th quarter worth approximately $104,000. Finally, Geode Capital Management LLC grew its position in shares of Mobix Labs by 29.8% in the 3rd quarter. Geode Capital Management LLC now owns 201,578 shares of the company’s stock worth $214,000 after acquiring an additional 46,237 shares in the last quarter. 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.