Mobix Labs, Inc. (NASDAQ:MOBX) Director James J. Peterson Sells 146,732 Shares

Mobix Labs, Inc. (NASDAQ:MOBX) Director James J. Peterson sold 146,732 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $1.04, for a total value of $152,601.28. Following the completion of the sale, the director now owns 2,115,574 shares of the company’s stock, valued at $2,200,196.96. The trade was a 6.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Mobix Labs Trading Up 3.2 %

MOBX opened at $1.03 on Thursday. Mobix Labs, Inc. has a 52 week low of $0.55 and a 52 week high of $3.62. The company has a market capitalization of $38.10 million, a P/E ratio of -0.77 and a beta of -0.31. The stock’s fifty day moving average is $1.26 and its two-hundred day moving average is $1.12. The company has a quick ratio of 0.09, a current ratio of 0.13 and a debt-to-equity ratio of 0.23.

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. Mobix Labs had a negative net margin of 437.57% and a negative return on equity of 866.93%. The firm had revenue of $3.17 million during the quarter.

Institutional Investors Weigh In On Mobix Labs

Several large investors have recently modified their holdings of MOBX. Citadel Advisors LLC bought a new position in shares of Mobix Labs during the fourth quarter valued at approximately $104,000. Jane Street Group LLC bought a new position in Mobix Labs in the fourth quarter worth approximately $93,000. Geode Capital Management LLC lifted its holdings in Mobix Labs by 29.8% during the third quarter. Geode Capital Management LLC now owns 201,578 shares of the company’s stock worth $214,000 after buying an additional 46,237 shares during the period. Ieq Capital LLC boosted its position in Mobix Labs by 73.1% during 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 in the last quarter. Finally, Coppell Advisory Solutions LLC boosted its position in Mobix Labs by 66.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 25,000 shares of the company’s stock valued at $42,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors own 8.56% of the company’s stock.

About Mobix Labs

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.