Insider Selling: Mobix Labs, Inc. (NASDAQ:MOBX) Director Sells 15,803 Shares of Stock

Mobix Labs, Inc. (NASDAQ:MOBX) Director James J. Peterson sold 15,803 shares of Mobix Labs stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1.00, for a total transaction of $15,803.00. Following the completion of the sale, the director now owns 2,099,377 shares of the company’s stock, valued at $2,099,377. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mobix Labs Stock Performance

Shares of MOBX stock opened at $0.88 on Friday. The company has a 50 day moving average price of $1.23 and a 200-day moving average price of $1.11. Mobix Labs, Inc. has a 52 week low of $0.55 and a 52 week high of $3.62. The firm has a market capitalization of $32.55 million, a PE ratio of -0.66 and a beta of -0.31. The company has a quick ratio of 0.09, a current ratio of 0.13 and a debt-to-equity ratio of 0.23.

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

Institutional Trading of Mobix Labs

Large investors have recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC grew its position in Mobix Labs by 66.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 25,000 shares of the company’s stock valued at $42,000 after buying an additional 10,000 shares during the period. Ieq Capital LLC grew its position in Mobix Labs by 73.1% during the fourth quarter. Ieq Capital LLC now owns 34,620 shares of the company’s stock valued at $59,000 after buying an additional 14,620 shares during the period. Jane Street Group LLC bought a new stake in Mobix Labs during the fourth quarter valued at approximately $93,000. Citadel Advisors LLC bought a new stake in Mobix Labs during the fourth quarter valued at approximately $104,000. Finally, Geode Capital Management LLC grew its position in Mobix Labs by 29.8% during the third quarter. Geode Capital Management LLC now owns 201,578 shares of the company’s stock valued at $214,000 after buying an additional 46,237 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.