James J. Peterson Sells 15,803 Shares of Mobix Labs, Inc. (NASDAQ:MOBX) Stock

Mobix Labs, Inc. (NASDAQ:MOBX) Director James J. Peterson sold 15,803 shares of Mobix Labs stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1.00, for a total transaction of $15,803.00. Following the sale, the director now directly owns 2,099,377 shares in the company, valued at $2,099,377. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Mobix Labs Stock Performance

Shares of Mobix Labs stock opened at $0.88 on Friday. The company’s 50 day moving average price is $1.23 and its two-hundred day moving average price is $1.11. The firm has a market capitalization of $32.55 million, a P/E ratio of -0.66 and a beta of -0.31. Mobix Labs, Inc. has a fifty-two week low of $0.55 and a fifty-two week high of $3.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.13 and a quick ratio of 0.09.

Mobix Labs (NASDAQ:MOBX) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.52) earnings per share for the quarter. The firm had revenue of $3.17 million for the quarter. Mobix Labs had a negative net margin of 437.57% and a negative return on equity of 866.93%.

Institutional Trading of Mobix Labs

A number of hedge funds have recently made changes to their positions in the company. Coppell Advisory Solutions LLC increased its stake in shares of Mobix Labs by 66.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 25,000 shares of the company’s stock valued at $42,000 after buying an additional 10,000 shares during the period. Ieq Capital LLC increased its position in Mobix Labs by 73.1% in the 4th quarter. Ieq Capital LLC now owns 34,620 shares of the company’s stock valued at $59,000 after acquiring an additional 14,620 shares during the period. Geode Capital Management LLC raised its stake in shares of Mobix Labs by 17.5% during the fourth quarter. Geode Capital Management LLC now owns 236,906 shares of the company’s stock valued at $403,000 after acquiring an additional 35,328 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Mobix Labs during the fourth quarter worth $93,000. Finally, Citadel Advisors LLC bought a new stake in shares of Mobix Labs in the fourth quarter worth $104,000. 8.56% of the stock is owned by institutional investors and hedge funds.

Mobix Labs Company Profile

Mobix Labs, Inc, a fabless semiconductor company, provides wireless and connectivity solutions for next generation communication systems, including C-Band and mmWave 5G and high bandwidth cable applications. Its products include True5G chipset solutions; true xero active optical cables and related products designed to deliver fiber optic connectivity for a range of applications, including 5G infrastructure, autonomous vehicles, Pro A/V, AR/VR, remote medical systems, and others; electromagnetic interference filters deployed in aerospace, military, defense, medical, and healthcare products.