Mobix Labs, Inc. (NASDAQ:MOBX – Get Free Report) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 1,633,868 shares, a decline of 59.8% from the May 14th total of 4,064,744 shares. Approximately 14.6% of the company’s stock are short sold. Based on an average trading volume of 1,699,901 shares, the short-interest ratio is presently 1.0 days.
Mobix Labs Stock Down 7.9%
MOBX stock traded down $0.17 during trading hours on Friday, hitting $1.98. The company’s stock had a trading volume of 1,006,017 shares, compared to its average volume of 3,984,135. The company has a quick ratio of 0.17, a current ratio of 0.23 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $26.61 million, a PE ratio of -0.29 and a beta of -0.76. Mobix Labs has a 12 month low of $1.31 and a 12 month high of $14.40. The stock has a 50 day moving average price of $2.49 and a two-hundred day moving average price of $3.31.
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 for the quarter. Mobix Labs had a negative return on equity of 1,175.77% and a negative net margin of 361.77%.The firm had revenue of $0.97 million during the quarter.
Analysts Set New Price Targets
Read Our Latest Analysis on Mobix Labs
Institutional Trading of Mobix Labs
A number of institutional investors and hedge funds have recently modified their holdings of the company. Armistice Capital LLC lifted its stake in shares of 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 buying an additional 320,804 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Mobix Labs by 64.3% in the first quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock worth $1,467,000 after buying an additional 642,857 shares during the last quarter. Vanguard Capital Wealth Advisors lifted its stake in shares of Mobix Labs by 4.1% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,383,416 shares of the company’s stock worth $370,000 after buying an additional 54,700 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Mobix Labs by 17.3% in the fourth 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 during the last quarter. Finally, Mariner LLC lifted its stake in shares of Mobix Labs by 103.5% in the fourth quarter. Mariner LLC now owns 135,453 shares of the company’s stock worth $36,000 after buying an additional 68,879 shares during the last quarter. 8.56% of the stock is currently owned by institutional investors and hedge funds.
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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