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

Mobix Labs (NASDAQ:MOBX) was upgraded by Wall Street Zen to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobix Labs in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Mobix Labs Stock Up 20.1%

NASDAQ MOBX opened at $1.04 on Friday. Mobix Labs has a 12 month low of $0.13 and a 12 month high of $1.44. The company has a current ratio of 0.11, a quick ratio of 0.07 and a debt-to-equity ratio of 0.41. The stock has a market cap of $107.20 million, a PE ratio of -1.53 and a beta of -0.07. The stock’s 50 day moving average is $0.28 and its 200 day moving average is $0.58.

Mobix Labs (NASDAQ:MOBX) last announced its quarterly earnings data 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 net margin of 289.21% and a negative return on equity of 2,857.36%.

Insiders Place Their Bets

In other Mobix Labs news, CFO Keyvan Samini sold 211,672 shares of Mobix Labs stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $0.32, for a total value of $67,735.04. Following the sale, the chief financial officer owned 2,671,661 shares of the company’s stock, valued at $854,931.52. The trade was a 7.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 32.03% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Armistice Capital LLC increased its position in Mobix Labs by 7.5% in the third quarter. Armistice Capital LLC now owns 4,596,804 shares of the company’s stock worth $3,705,000 after purchasing an additional 320,804 shares during the last quarter. Focus Partners Wealth lifted its position in Mobix Labs by 64.3% during the first quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock valued at $1,467,000 after purchasing an additional 642,857 shares during the last quarter. Vanguard Capital Wealth Advisors lifted its position in Mobix Labs by 4.1% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,383,416 shares of the company’s stock valued at $370,000 after purchasing an additional 54,700 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Mobix Labs by 17.3% in the 4th quarter. Geode Capital Management LLC now owns 426,198 shares of the company’s stock worth $114,000 after buying an additional 62,715 shares in the last quarter. Finally, Mariner LLC grew its stake in shares of Mobix Labs by 103.5% in the 4th quarter. Mariner LLC now owns 135,453 shares of the company’s stock worth $36,000 after buying an additional 68,879 shares in the last quarter. 8.56% of the stock is currently owned by 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.