Mobix Labs (NASDAQ:MOBX – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.59) earnings per share for the quarter, FiscalAI reports. Mobix Labs had a negative net margin of 289.21% and a negative return on equity of 2,857.36%. The company had revenue of $0.97 million during the quarter.
Mobix Labs Price Performance
NASDAQ MOBX traded down $0.12 during trading hours on Wednesday, reaching $2.04. The company’s stock had a trading volume of 1,174,100 shares, compared to its average volume of 6,447,530. The firm’s 50-day moving average price is $3.56 and its 200-day moving average price is $3.78. 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 has a 1 year low of $1.31 and a 1 year high of $14.40. The company has a market capitalization of $21.03 million, a price-to-earnings ratio of -0.30 and a beta of -0.78.
Analysts Set New Price Targets
MOBX has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobix Labs in a research note on Tuesday, April 21st. Wall Street Zen raised shares of Mobix Labs to a “sell” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Mobix Labs presently has a consensus rating of “Sell”.
Institutional Trading of Mobix Labs
A number of large investors have recently added to or reduced their stakes in MOBX. Armistice Capital LLC acquired a new stake in Mobix Labs during the 2nd quarter worth approximately $3,272,000. Focus Partners Wealth lifted 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 acquiring an additional 642,857 shares during the period. Vanguard Capital Wealth Advisors lifted its position 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 worth $1,071,000 after acquiring an additional 377,735 shares during the period. Toronto Dominion Bank acquired a new stake in Mobix Labs during the 4th quarter worth approximately $27,000. Finally, Mariner LLC lifted its position in 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 during the period. Institutional investors own 8.56% of the company’s stock.
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.
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