Mobix Labs (NASDAQ:MOBX) CTO Sells $16,735.72 in Stock

Mobix Labs, Inc. (NASDAQ:MOBX) CTO James Aralis sold 18,191 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $0.92, for a total value of $16,735.72. Following the sale, the chief technology officer directly owned 88,332 shares of the company’s stock, valued at approximately $81,265.44. This represents a 17.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

James Aralis also recently made the following trade(s):

• On Friday, November 21st, James Aralis sold 22,470 shares of Mobix Labs stock. The stock was sold at an average price of $0.41, for a total value of $9,212.70.

Mobix Labs Trading Down 2.3%

NASDAQ MOBX traded down $0.01 on Friday, hitting $0.46. 390,063 shares of the company were exchanged, compared to its average volume of 1,706,168. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.14 and a quick ratio of 0.09. Mobix Labs, Inc. has a twelve month low of $0.40 and a twelve month high of $2.47. The firm has a market capitalization of $28.13 million, a P/E ratio of -0.42 and a beta of -0.14. The company’s 50 day moving average price is $0.73 and its 200-day moving average price is $0.81.

Hedge Funds Weigh In On Mobix Labs

A number of large investors have recently made changes to their positions in MOBX. XTX Topco Ltd lifted its position in shares of Mobix Labs by 47.4% in the second quarter. XTX Topco Ltd now owns 38,671 shares of the company’s stock worth $30,000 after purchasing an additional 12,443 shares in the last quarter. Beacon Pointe Advisors LLC increased its stake in Mobix Labs by 432.7% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 108,017 shares of the company’s stock valued at $83,000 after buying an additional 87,738 shares during the period. Vanguard Capital Wealth Advisors lifted its position in Mobix Labs by 20.6% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 950,981 shares of the company’s stock worth $728,000 after buying an additional 162,361 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Mobix Labs by 64.3% during the 1st quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock valued at $1,467,000 after buying an additional 642,857 shares during the period. Finally, Armistice Capital LLC purchased a new position in shares of Mobix Labs during the 2nd quarter valued at $3,272,000. Institutional investors and hedge funds own 8.56% of the company’s stock.

Analyst Ratings Changes

MOBX has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Mobix Labs to a “strong sell” rating in a report on Saturday, August 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobix Labs in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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.