Mobix Labs (NASDAQ:MOBX) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Mobix Labs (NASDAQ:MOBX) to a sell rating in a research note released on Saturday morning.

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

Mobix Labs Stock Performance

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

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

Insider Activity

In other news, CFO Keyvan Samini sold 211,672 shares of Mobix Labs stock in a transaction on Monday, January 5th. The shares were 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 directly owned 2,671,661 shares in the company, valued at approximately $854,931.52. The trade was a 7.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 32.03% of the company’s stock.

Institutional Trading of Mobix Labs

Several large investors have recently added to or reduced their stakes in MOBX. Armistice Capital LLC purchased a new position in shares of Mobix Labs in the second quarter worth about $3,272,000. Focus Partners Wealth raised its position in Mobix Labs by 64.3% during the 1st 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 last quarter. Vanguard Capital Wealth Advisors lifted its stake in Mobix Labs by 39.7% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 1,328,716 shares of the company’s stock valued at $1,071,000 after acquiring an additional 377,735 shares during the period. Toronto Dominion Bank purchased a new stake in shares of Mobix Labs in the 4th quarter valued at $27,000. Finally, Beacon Pointe Advisors LLC increased its stake in shares of Mobix Labs by 432.7% in 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 period. Hedge funds and other institutional investors own 8.56% of the company’s stock.

About Mobix Labs

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.