Mobix Labs, Inc. (NASDAQ:MOBX – Get Free Report) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 1,633,868 shares, a decrease of 59.8% from the May 14th total of 4,064,744 shares. Approximately 14.6% of the shares of the company are short sold. Based on an average trading volume of 1,699,901 shares, the short-interest ratio is currently 1.0 days.
Mobix Labs Stock Down 4.2%
Shares of MOBX opened at $2.06 on Friday. The company has a market capitalization of $27.67 million, a P/E ratio of -0.30 and a beta of -0.76. Mobix Labs has a one year low of $1.31 and a one year high of $14.40. The business’s 50 day simple moving average is $2.51 and its 200-day simple moving average is $3.32. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.23 and a quick ratio of 0.17.
Mobix Labs (NASDAQ:MOBX – Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($0.59) earnings per share (EPS) for the quarter. The business had revenue of $0.97 million during the quarter. Mobix Labs had a negative net margin of 361.77% and a negative return on equity of 1,175.77%.
Institutional Inflows and Outflows
Analysts Set New Price Targets
A number of analysts have recently issued reports on MOBX shares. Wall Street Zen upgraded Mobix Labs to a “sell” rating in a research report on Saturday, March 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobix Labs in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
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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