Mobix Labs (NASDAQ:MOBX) Posts Earnings Results

Mobix Labs (NASDAQ:MOBX) announced its quarterly earnings data on Wednesday. The company reported ($0.59) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $0.97 million for the quarter. Mobix Labs had a negative net margin of 289.21% and a negative return on equity of 2,857.36%.

Mobix Labs Trading Down 5.6%

MOBX stock opened at $2.04 on Thursday. Mobix Labs has a 1-year low of $1.31 and a 1-year high of $14.40. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.11 and a quick ratio of 0.07. The company has a market capitalization of $21.03 million, a price-to-earnings ratio of -0.30 and a beta of -0.78. The business has a 50 day simple moving average of $3.44 and a two-hundred day simple moving average of $3.75.

Wall Street Analysts Forecast Growth

MOBX has been the subject of a number of recent research reports. Wall Street Zen upgraded Mobix Labs to a “sell” rating in a research note on Saturday, March 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Mobix Labs in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC boosted its stake in Mobix Labs by 247.8% in the 4th quarter. Virtu Financial LLC now owns 94,011 shares of the company’s stock worth $25,000 after purchasing an additional 66,982 shares during the period. Toronto Dominion Bank purchased a new stake in shares of Mobix Labs during the 4th quarter worth approximately $27,000. Mariner LLC raised its holdings in shares of Mobix Labs by 103.5% during the 4th quarter. Mariner LLC now owns 135,453 shares of the company’s stock worth $36,000 after acquiring an additional 68,879 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Mobix Labs by 17.3% during the 4th quarter. Geode Capital Management LLC now owns 426,198 shares of the company’s stock worth $114,000 after acquiring an additional 62,715 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors raised its holdings in shares of Mobix Labs by 4.1% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,383,416 shares of the company’s stock worth $370,000 after acquiring an additional 54,700 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.