Mobix Labs (NASDAQ:MOBX – Get Free Report) issued its quarterly earnings data on Monday. The company reported ($1.33) earnings per share (EPS) for the quarter, Zacks reports. Mobix Labs had a negative return on equity of 1,175.77% and a negative net margin of 361.77%.The company had revenue of $0.79 million for the quarter.
Mobix Labs Stock Down 13.5%
Shares of NASDAQ:MOBX opened at $1.09 on Wednesday. The firm has a market capitalization of $14.65 million, a PE ratio of -0.16 and a beta of -0.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.17 and a current ratio of 0.23. Mobix Labs has a 52-week low of $1.03 and a 52-week high of $14.40. The firm has a fifty day moving average of $1.88 and a 200 day moving average of $2.73.
Insiders Place Their Bets
In other Mobix Labs news, CFO Keyvan Samini sold 112,110 shares of Mobix Labs stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $1.98, for a total transaction of $221,977.80. Following the completion of the sale, the chief financial officer owned 155,053 shares of the company’s stock, valued at $307,004.94. The trade was a 41.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.73% of the stock is owned by insiders.
Hedge Funds Weigh In On Mobix Labs
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobix Labs in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
Read Our Latest Stock Analysis on MOBX
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.
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